TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

What is Forex Trading and How Does It Work?

Forex trading is the buying and selling of currencies in a global, decentralized OTC market, where traders simultaneously buy one currency and sell another to profit from changes in exchange rates.

25 mins read

How to Trade Forex

There are 8 steps to start trading forex: learn the basics, choose a broker, open an account, create a trading plan, choose a currency pair, practice on a demo account, open your first live trade, and monitor it.

40 mins read

9 Best Forex Trading Strategies that Work

Forex trading strategies are rule-based plans for opening and closing positions in currency pairs. Each strategy defines what to trade, when to enter, where to set stops and targets, and when to exit. Strategies draw on technical analysis (price charts, indicators, patterns), fundamental analysis (interest rates, economic data, geopolitics), or a mix of both.

29 mins read

What is Spread in Forex and How to Calculate It

Forex spread is the difference between the bid price and the ask price of a currency pair, representing the built-in transaction cost of entering a trade.

11 mins read

What is a Pip in Forex Trading?

A pip is the standard unit by which Forex traders measure exchange rate movement, equal to 0.0001 on most pairs and 0.01 on JPY-quoted pairs.

8 mins read

Understanding What is Lot Size in Trading

When trading assets like stocks, forex, or futures, individual units aren't typically bought or sold directly; instead, traders use lot sizes as the standard unit of measurement. A lot size represents a specific quantity of an asset being traded. Whether you're dealing with stocks, currencies, or bonds, lot size helps to standardize the quantity being transacted, allowing for easier comparison across different markets. The concept of lot size is fundamental for traders, as it dictates how much of a particular asset you're buying or selling and can significantly impact your risk management and profit potential. In this guide, we'll delve into the intricacies of lot size, discuss its applications across various asset classes, and explain how you can use a lot size calculator to manage your trades more effectively.

10 mins read

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