The Forex Market is open 24/5, i.e. 24 hours a day, 5 days a week, Monday to Friday.
PIP, which stands for Point in Percentage; is a unit of measure used by Traders to define the smallest change in value between two currencies. It is represented by a single digit move in the fourth decimal place in a typical Quote.
Volume, which is referred to as Lot(s) in Forex, is the size of the Trade you are taking. The smallest lot you can trade is a “Micro Lot” which represents 1000 units of Currency, “Mini Lots” are 10 000 Units and “Standard Lots” are 100 000 units.
Any Broker with a good reputation, that is regulated (for example, by the FSB if they are a South African Broker), that offer low Spread/Commission, Zero Fees on Deposits & Withdrawals. Click this link to see our featured Broker, IC Markets
Exness & IC Markets to name a few
Depending on your Broker, you may deposit as little as $1 but as a safe-minimum, MSFG recommends starting with at least $100.
A picture or copy of your ID and Proof of Residence.
es, most regulated Brokers segregate Clients’ money from their own funds and even offer protection in the form of insurance. They are audited for the client’s peace of mind and for the maintenance of their regulation. For example:
You can only develop your own skill set to a limited level but the more you teach and answer questions, the more you grow as a Trader and it also feels good to help people attain a good understanding of the Markets.
Some indicators are more accurate than others but it all depends on how well you can integrate them into your trading system/strategy