Academy categories: Z Academy – Beginner

In the forex market, the smallest unit used to quantify the movement in the currency quote is called “a pip”, and the difference between the bid-ask prices is called "spread". View more

Once you've looked at the idea of “pip” in forex trading, you should also pay attention to the value of each pip, so-called pip value. Because forex trading involves different currency pairs, investors will find that the profit and loss for each pip of some currency pairs are different from those of others. Therefore, it is necessary for investors to calculate the actual profit and loss per pip more accurately before the trade order placing, in order to avoid strategies mistaken. View more

"Spread" refers to the difference between the bid and ask price of a currency pair in forex trading. The widening or narrowing of the spread is directly related to the cost of investors in the trades. This cost is not paid directly, but is hidden and latent. When the spread is wide, investors may not be able to buy or sell at the best market price regardless of whether they enter or leave the market. In other words, it is a cost that affects the room of profit of investors. View more

Slippage refers to the situation in the trade where the difference occurs between the expected price and the actual executed price, no matter it is a market order, a take-profit order, a stop loss order or any entry order. View more

One of the characteristics of forex trading is that it can be traded in two directions. In this article, we will explain the meaning of long and short trade and how does short trade work. View more

A Lot is the measurement unit for the contract size in forex trading. In forex trading, the often-heard terms are a standard lot (100,000 units), mini lot (10,000 units), and micro lot (1,000 units). View more

Stop loss refers to the situation that the investors choose to close their positions when the loss has reached a preset amount or has reached a specific price level. View more

MetaQuotes Software Corp, a world-renowned forex trading Software development company, launched MetaTrader4(MT4) in July 2005. Only two months after the launch, MT4 has become the mainstream platform in the forex market. Due to its stable and high-quality performance, MT4 is widely recognized as the most widely used trading software in the world, occupying more than 90% of the forex and Contract For Difference (CFD) market at one time. View more

MT4 is one of the most preferred platforms for forex brokers. With the popularity of smart phones, whether iOS or Android, investors can download MT4's mobile app, which allows them to receive market quotes and place trading orders. View more

Most investors assumed that MT5 of MetaQuotes was an updated version of MT4, but over the years MT4 has grown in use and popularity. The reason is that there seems to be no significant differences between the two, and the markets they focus on are different. View more