How to Trade Fundamentals in Forex
There are several forex trading fundamentals you should know. For example, you must understand spread. The difference between the Bid and Ask price is known as the spread. You can either choose dynamic or fixed spread when it comes to Exness s account types. Standard lot refers to 100,000 units of the base currency. The contract size is fixed at 100,000 for most forex instruments. The other important fundamental is balance. The balance of a trading account is the total financial result of all your transactions and deposit/withdraw operations.
To make the best decisions while trading forex, it is essential to understand how the foreign exchange market works. Forex is a global marketplace where governments, individuals, and companies exchange their currencies. It s the largest, most active market in the world, with over $5 trillion traded daily. You ll learn how to make trades, open and close positions, and calculate profits associated with them. For beginners, learning forex trading fundamentals will help you make smarter trades.