to close your trade. Margin Call Margin calls are a major part of risk management: as soon as your Equity drops to a percentage of the margin used, your forex broker will notify you that you need to deposit more money if you want to maintain your position. It was founded in 1960 by Saudi Arabia, Venezuela, Iraq, Iran and Kuwait.
Its time to open a demo account and start practicing with virtual money. The difference between.4530 and.4550.0020. Dont be greedy but dont be too shy, either. Suppose your account currency is USD and you choose to trade 1 standard lot of USD/JPY. Assuming that EUR/USD is traded.34. Pip Value The pip value shows how much 1 pip is worth. The exchange rate may change in 2 days or 1 week, though. It depends on a great deal of social and economic factors, many of which youll be watching more closely when you start trading forex. Your broker needs a so-called good-faith deposit from you. Opec is the Organisation of the Petroleum Exporting Countries. Forex has its own language, that is, special terminology.