Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
+ Reply to Thread
Page 2 of 2 FirstFirst 1 2
Results 11 to 19 of 19

Thread: Forex education from nigeria-forex forum.

  1. #11
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What is bid price?

    In the context of stock trading on a stock exchange, the bid price is the highest price a buyer of a stock is willing to pay for a share of that given stock. The bid price displayed in most quote services is the highest bid price in the market. The ask or offer price on the other hand is the lowest price a seller of a particular stock is willing to sell a share of that given stock. The ask or offer price displayed is the lowest ask/offer price in the market (Stock market).

  2. Fb
  3. #12
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What is a Spread?

    A spread is the difference between the bid and the ask price of a security or asset.

    i.e in below picture you can see spread

    Attached Images

  4. #13
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What is stop loss?

    Stop loss is a widely used order aiming mainly at limiting the possible losses in case of negative market movements. Stop loss is used only with open positions. When the market conditions are not favorable for a trader and the price has reached the level of Stop loss, the deal is closed automatically. Therefore, Stop loss helps the trader to control losses and in case of failures to keep safe at least the part of the deposit. If a trader does not use Stop loss orders, the position is closed by the broker when the sum of losses is equal to the sum of the deposit. There are 3 types of Stop loss orders: fixed Stop loss, sliding Stop loss and combined Stop loss. Fixed Stop losses are set while opening positions. They cannot be replaced until the deal is closed. Sliding stop losses, on the contrary, can be replaced any time depending on the price movement. Another name for sliding Stop loss is Trailing stop that can be replaced either manually or automatically considering the traders settings. Presently there are lots of discussions on whether it is necessary to use Stop losses or not. Some traders believe that Stop loss should be compulsory for trading, emphasizing the ability of Stop losses to prevent the loss of the whole deposit. If the price is rapidly moving in direction, which does not correspond to the forecast, the deal that has not been closed in due time can result in significant losses. The opponents of Stop loss believe that this order can limit not only losses, but profits as well. As the price movement is often unpredictable and unexpected, it can develop according to the trader’s expectations though with some periodic bounces crossing the Stop loss line. In this case the position is closed with losses though it was a possible to close it with profit. As a rule, the decision on whether to use Stop loss or not depends on the individual strategy of a particular trader. Therefore, there is no single opinion on the necessity of using the limiting the losses.

  5. #14
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What is "Take Profit" in forex market.

    A take profit is the amount of money you intend to make in a trade. In your order, you specify a price at which you will close your trade. The take profit is also often called "profit target".

  6. #15
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What is Pending Order?

    A pending order is an order that was not yet executed, thus not yet becoming a trade. It can, for example, be an order that states that you do not want to buy before the price of a financial instrument reaches a certain point.

  7. #16
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What is trailing stop loss in forex market?

    A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit.

  8. #17
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    what does mean by limit order in forex?

    A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.

  9. #18
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What's the difference between a stop and a limit order?

    Different types of orders allow you to be more specific about how you'd like your broker to fill your trades. When you place a stop or limit order, you are telling your broker that you don't want the market price (the current price at which a stock is trading), but that you want your order to be executed when the stock price moves in a certain direction.

    With a stop order, your trade will be executed only when the security you want to buy or sell reaches a particular price (the stop price). Once the stock has reached this price, a stop order essentially becomes a market order and is filled. For instance, if you own shares of JC Penney (JCP), which currently trades at $5.60, and you place a stop order to sell it at $5.00, your order will only be filled if stock JCP drops below $5.00. Also known as a "stop-loss order", this strategy allows you to limit your losses. However, this type of order can also be used to guarantee profits. For example, assume that you bought stock JCP at $4.50 per share and now the stock is trading at $5.60 per share. Placing a stop order at $5.00 will guarantee profits of approximately $0.50 per share, depending on how quickly the market order can be filled.

    Stop orders are particularly advantageous to investors who are unable to monitor their stocks for a period of time, and brokerages may even set these stop orders for no charge.

    A limit order is an order that sets the maximum or minimum at which you are willing to buy or sell a particular stock. For instance, if you want to buy stock JCP, which is trading at $5.60, you can set a limit order for $5.50. This guarantees that you will pay no more than $5.50 to buy this stock. Once the stock reaches $5.50 or less, you will automatically buy a predetermined amount of shares. On the other hand, if you own JC Penney trading at $5.60, you could place a limit order to sell it at $6.10. This guarantees that the stock will be sold at $6.10 or more.One disadvantage of the stop order is that the order is not guaranteed to be filled at the preferred price that the investor states. Once the stop order has been triggered, it turns into a market order, which is filled at the best possible price. This price may be lower than the price specified by the stop order. Moreover, investors must be conscientious about where they set a stop order. It may be unfavorable if it is activated by a short-term fluctuation in the stock's price. For example, if stock JCP is relatively volatile and fluctuates by 15% on a weekly basis, a stop loss set at 10% below the current price may result in the order being triggered at an inopportune or premature time.

    The primary advantage of a limit order is that it guarantees that the trade will be made at a particular price or better; however, your brokerage will probably charge a higher commission for the limit order, and it's possible that your order will not be executed at all if the limit price is not reached.

  10. <a href="https://www.instaforex.com/company_news">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>
  11. #19
    Supper Moderator
    ----
     
    rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85 is just really nice rasheed85's Avatar
    Join Date
    Jul 2012
    Posts
    2,176
    Thanks
    122
    Thanked 391 Times in 232 Posts

    What does mean by MT4 terminal?

    MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forex Forum Nigeria – Presentation
You are welcome to the Forex Forum Nigeria serving as a virtual salon for communication of traders of all levels. Forex is a dynamically developing financial market which is open 24 hours a day. Anyone can get access to this market via a brokerage company. On this forum you can discuss the numerous advantages of trading on the currency market and all aspects of online trading on MetaTrader4 and MetaTrader5 platforms.

Forex Forum Nigeria – Trading discussions
Every forumite can join a discussion of various issues, including those related to Forex but not limited to. The forum has been designed for sharing opinions and helpful information and is open for both professionals and beginners. Mutual assistance and tolerance are highly appreciated. If you would like to share you experience with others or deepen your knowledge of trading craft, you are most welcome to the forum threads dedicated to trading discussions.

Forex Forum Nigeria – Dialogue between brokers and traders (about brokers)
In order to be successful on Forex, it is crucial to choose a brokerage company with due diligence. Make sure you broker is really reliable! Thus you will be impervious to many risks and will make profitable trades on Forex. On the forum a rating of brokers is represented; it is based on comments left by their customers. Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker.

Unleashed communication on Forex Forum Nigeria
On this forum you can talk about not only trading issues, but any other topics you like. Offtopping is allowed in a special thread too! Humour, philosophy, social problems or practical wisdom – converse about anything you are interested in, including forex trading if you like!

Bonuses for communication on Forex Forum Nigeria
Those who post messages on the forum can receive money bonuses and use them for trading on an account of a forum sponsor. The forum is not meant for gaining profit; however forumites can get these small bonuses as reward for the time spent on the forum and sharing views on the currency market and trading.