Want to learn how to trade forex but don’t know where to start? Well you know what they say, a picture tells a thousand words. Vantage FX have put together a comprehensive yet clear info graphic that will help you trade forex.
The inforgraphic outlines the factors that influence forex trading which are political, economic, monetary, and environmental. You must make your decision based on these factors to determine if the currency you choose will rise or fall.
You can buy by a ‘LOT’ which come in several sizes. 1 standard ‘LOT’ is 10 per ‘PIP’ Movement where 1 PIP = change of 0.0001
The forex market movement is measured by PIP which can move for, or against your chosen currency.
(Click on the Image For Full View)
Source: vantagefx