Introduction to Pips in Forex Trading A definition of “pip” in forex trading: One pip, or percentage in point or price interest point, is the smallest price change unit in the forex market. Generally, a pip is a movement in the fourth decimal place of a currency pair price, for example, the movement of the […]
Day Trading vs Swing Trading in Forex: Introduction Brief Explanation of Forex Trading In a nutshell, Forex trading is the purchase and sale of foreign currencies in order to gain from changes in their exchange values. The term Forex thus refers to both the largest and most liquid market across the globe. Forex can be
Introduction Leverage in Forex Define leverage in forex trading: In Forex trading, leverage can be defined as the amount of borrowed funds from a broker to enlarge the trading position. Substitute, leverage is what enables a trader to put much more weight on a position than what would have been achievable with his own funds
Introduction to Budgeting 101 What is Budgeting: The Process of Planning that Needs to Mold Money Budgets means the process of making a plan to manage and control financial resources for some time in the future by estimating the income one saves spending money. Budgeting also allocates available resources at that time and thus is
Simple Interest Calculations :Introduction  Definition of Simple Interest: The method of valuation of interest on the principal amount for a fixed period at a fixed rate of interest is called simple interest (SI). The main distinction of simple interest from compound interest is that it does not take into consideration any interest previously accrued on
Review Your Financial Goals Assessment of annual savings, investing, or debt clearance goals: This will include determining the extent to which you are achieving the monetary targets set for the year. Examples in this regard may include keeping a record of how much you save in a given period or how much you invest in
How to Maximize College Savings & Reduce Taxes Saving for a child’s education can feel overwhelming, but 529 college savings plans make it easier — and more rewarding — with powerful tax advantages. Whether you’re a parent, grandparent, or even an ambitious student saving for your own future, understanding the tax benefits for 529 plans
Introduction to Capital One Certificate of Deposit Rates What are Certificates of Deposit (CDs)? CDs refer to a kind of savings product from a financial institution like banks or credit unions. CD allows a customer to deposit a certain amount for a certain term, earning interest on a preordained rate. In return for this fixed
Introduction to What is APY What is APY or the Annual Percentage Yield The standard financial measure for the annual percentage yield is how much money has earned in investment or savings accounts as a percent in interest per year, but compounded. Unlike simple interest, APY, taking into consideration how often interest is applied to
Discover Savings Interest Rate: Introduction Definition of Savings Interest Rates Savings interest rates are hence the amount a financial institution pays you for your holding funds in a savings account and expressed usually annually against various types of accounts, the specific financial institution and current market conditions. Importance of Understanding Savings Interest Rates Grasping the
