Learn forex trading from the experts. ACM Gold has a team of professionals, who have years of experience in helping people with forex trading. You simply need to register with ACM Gold and the world of forex trading is thrown open to you. To learn forex trading without any risk, you can simply open a demo account. The following discussion will introduce you to some common terms used in currency trading online.
Learn Forex Trading: Common Terms
Before you begin currency trading online, get familiar with the lingo:
Spot Trading: When one currency is bought by making payments in a different currency for immediate delivery, as opposed to future delivery, the exchange is termed as FX spot trading. The typical timeframe for settlement of a Foreign Exchange Spot trade is two business days from the day of trade.
Forward: You will come across the term forward contract when you trade forex. It implies a non-standardized pact between parties to trade an asset at a specific time in future at a price fixed on the day of agreement.
Market Order: The trade execution made by you for buying a currency is called a market order. When you click a button completing the process of buying a lot of currencies, a “market order” is said to be placed.
Stop-Loss Order: This feature reduces the risk of large losses. By putting a stop-loss order in place, you specify the limiting value of profit or loss at which you would prefer to stop forex trading.
Bid: This is the currency value at which you would want to buy or sell a currency.
Offer: This is the currency value at which you actually buy or sell the currency.
Spread: The gap or difference between the bid and offer values of a currency.
Pip: Pip is the last (4th) decimal of the currency exchange rate. The Japanese Yen, and any related currency that is traded against the Japanese Yen are the exception. In these cases, the pip is the second decimal value of the exchange rate
In order to help you learn forex trading, we offer several education and forex training programs. Once you grasp the basics of currency trading online and have tried your hands on our convenient demo account, you can still take small steps. Reduce the capital risked in the market. Begin with ACM Gold’s mini trading account, which requires a very small minimum deposit to start forex trading.
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