Let's do a little math. Surely you have ever heard the term "basis points (pips) and" contracts "(lots), so here they explain what they are and how they are calculated. These data are fundamental to all Forex traders, so take your time with such information. Not even dare to think about trading, until you fully understand the values of the basics and how to calculate profit and loss. (more...)

EUR/USD

For the session today we can consider the opportunity to open a position short if the price of the change relationship had to break off to the decrease the value of 1.4370, with the first objective to quota 1,4350 and with according to objective to quota 1.4330. If instead the value of this cross of currencies it had to still go up and to break off to the rise the value of 1.4520, then we could opt for a position long with first objective 1,4550 and according to objective 1.4580. (more...)