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Forex is the trading or exchange of different foreign currency to make gain. Example of currency pair 1.EUR/USD 2.AUD/USD 3.GBP/USD 4.USD/CAD Pips Pips are rate or decimal at which price of foreign currency increase or decrease. Risk to reward ratio Risk to reward ratio is when you risk a lower pips to gain a higher pips.examples(risk 10pips to get 80pips Candle sticks Candle sticks are stick that indicates the movement of price in a trade Type Bullish candle: indicate upward movement of price Bearish candle: indicate downward movement of price. Time frame in chart A time frame is the interval for a candle stick to form. Example: M5:5 mimute M15:15 minutes M30:30 minutes H1:1 hour H4:4 hour D1:1day W1:1 week M1:1 month That’s the end for today. Till next time

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Emmanuel Agusi

By Emmanuel Agusi

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51 thoughts on “Forex exchange market : what you should know”

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