The language of forex is foreign to a non-forex trader.


Summary of the lecture:

  • Terms covered in the lecture:
    • exchange rate
    • base currency and quote currency
    • pip = percentage interest point
    • lot sizes
    • bid price and ask price
    • long = buying
    • short = selling
    • leverage and margin

The infographic used in this lecture:

The next lecture is on:  Market Structure and Players

Categories: Lecture

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