Types of Orders
In this lesson, we will explore the types of orders that are available to traders. But let’s first define what an order is. An order is an offer sent via the trading platform (MT4) to open or close a transaction. It’s an order to start or stop trading for any given trading instrument. You could […]
Pips and Pip Value
Pip is an acronym for percentage in point or price interest point. In FX pairs, the smallest unit of change in an exchange rate of a currency pair is referred to as a “pip”. A single pip is in the fourth decimal place and equals a change of 0.0001. For example, if today the EUR/USD […]
Trading Sizes (Lot)
Forex is commonly traded in specific amounts called lots. Typically, a standard lot represents 100,000 units of the base currency. Let’s consider the example of USD/JPY, where the base currency is USD. In this case, one lot in USD/JPY is equivalent to 100,000 USD. Similarly, in GBP/USD where GBP is the base currency, a lot […]
What is margin and leverage?
Leverage is an investment strategy where you can trade with a small portion of your own capital while borrowing the rest. In retail FX trading, where traders use CFDs (Contracts for Difference) to trade currency pairs, brokers will set aside, for example, just 1000 USD to allow you to control a position equivalent to 100,000 […]
The TigerFX Economic Calendar
The TigerFX Economic Calendar is a comprehensive tool that keeps global investors updated on financial events and economic indicators. Key economic indicators, including Gross Domestic Product (GDP), interest rates, unemployment rate, Central Bank Minutes and Consumer Price Indices (CPIs) (measure for inflation) play a vital role in driving currency movements and significant market-moving events. Our […]
How to use an Economic Calendar
An economic calendar can be used to enhance the performance of your trades in different ways. Keeping up with the markets Whether you participate in forex or stock trading, the calendar serves as a tool to monitor the financial markets. It helps to better understand the impact of political and economic news on a wide […]
Key Economic Indicators of Major Economies
United States Economic Indicators As the largest economy globally, the US economic calendar is very important. Its key indicators mainly influence the value of the US dollar, but they can also have considerable effects in other markets and currencies. FED Interest Rate Decision FOMC Minutes GDP CPI Nonfarm Payrolls and unemployment rate ISM manufacturing and […]
Top 8 Economic Indicators
An economic calendar is one of the most invaluable tools for forex traders around the world. However, for beginners, an economic calendar can initially appear very confusing. We will emphasise the importance of key economic indicators from the three major economies that have the most significant influence on the forex market: the US, UK, and […]
What are Economic Indicators?
Economic indicators generate volatility, providing some of the best trading opportunities. Economic indicators serve a crucial role in identifying current and future trading possibilities and include a wide range of data, ranging from the Consumer Price Index (CPI) to crude oil prices, consumer confidence surveys and housing starts. Economic indicators can be categorised into three […]
What is an Economic Calendar?
The forex market, the largest global financial market, is characterised by rapid market movements and time-sensitive trades. To avoid potential losses, traders need to keep a close watch on global events. An economic calendar serves as a crucial tool that enables traders to make well-informed decisions. The economic calendar enables traders to monitor significant market-moving […]
