Overview

Overview

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Basics of Forex

In this chapter, we will discuss the basics of Forex trading – everything you need to know to get started trading.

First we will cover buying and selling in “Going Long and Short”, then we’ll move on to ‘Lot Size & Leverage’. Next, we’ll cover what a pip is and how to calculate its worth in “What is a Forex pip? How much is a Forex pip worth?”.

Finally, we’ll discuss the various order types and swap trading in “Different Types Of Forex Orders” and “What is Forex Swap? Can I Make Money Collecting Forex Swap?”.

Be sure to follow the lessons up with your own trading on a free $50,000 forex demo account.

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Important

You may prefer to apply for an account with our Australian Regulated Entity – Vantage Global Prime Pty Ltd.
Vantage Global Prime Pty Ltd – an ASIC regulated entity offers additional regulatory protections and safeguards that will not apply when opening account under our Cayman Islands regulated entity. These safeguards include restricted leverage, negative balance protection, a mandatory 50% margin close out rule, client money protection under ASIC Client Money Reporting Rules 2017 and access to an external dispute resolution body – the Australian Financial Complaints Authority (AFCA). Click here to open an account with Vantage Global Prime Pty Ltd.
Alternatively, you can continue with your current application under our CIMA regulated entity.

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