Bank fast gains of 389%, 52%, 32.89%, 37% and 135%... Whether the market goes – DOWN or UP!
Join a select group of private South African investors who make regular and substantial profits from this exciting method of trading the global financial markets. Whether the market continues to grow in the months ahead… or if it starts to fall again, you will still be able to make great returns.
Since the beginning of September 2019, Trader X and his followers have taken advantage of the global markets to bank gains of 389% from USD/ZAR... 52% from Brent Crude and 135% from the South African rand!
Nine forex terms you need to know
• Base currency
This is the first currency in a currency quote. The base currency shows how many units of the other currency there are in the quote.
This is the price you sell at. It’s lower than the offer price.
• Counter currency
This is the second currency in a currency quote. This number of units equals one unit of the base currency. This is also known as the term currency or the quoted currency.
Financial instruments that derive their value from another asset. With forex trading, derivatives you can use include currency futures and spread trading.
• Initial margin
This is the money you place down when you place a forex trade.
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This is using what you gain by trading on margin. It’s also known as gearing. Leverage allows you to control a much larger amount of forex than your margin covers.
This is the rate you buy at. It’s higher than the bid price.
This is the smallest incremental value which a currency pair moves at on the forex market. A pip is the last decimal place of the exchange rate, which is usually to four decimal places. The exception to this rule is the yen where this is to two decimal places.
• Stop loss
These are a vital part of risk management when you trade forex. When setting your stop loss you can decide how much you’re willing to risk on each trade.
So there you have it. Your essential forex glossary.