What is Margin in Forex?

Margin in forex trading is essentially the required minimum capital that a trader needs to commit to open and maintain a trading position. This amount serves as security for the leverage extended by brokers. For example, with a 2% margin requirement, a trader can manage a $10,000 position by only depositing $200, effectively borrowing the remaining amount from the broker. Brokers determine margin as a percentage of the total trade size, which traders must provide to initiate a trade. Should the trader's account equity drop below the set maintenance margin, brokers have the right to call for additional funds to sustain the position. This margin serves as a protective measure against possible losses in trading.

2024-02-01 12:09

What is a pip in forex?

A “pip” in forex trading, short for “percentage in point”, represents the smallest price movement in the exchange rate of a currency pair. It is a standardized unit of measurement used to express the change in value between two currencies.

2024-02-01 13:40

What is a forex god?

The term “Forex God” stands as a metaphorical epitome of excellence in the field of foreign exchange trading. It's a label informally coined within the trader community, denoting an individual whose expertise and success in the forex market are extraordinary. These individuals are distinguished not just by their financial gains but also by their profound understanding of forex market intricacies, astute insights into global economic variables, and their ability to anticipate market shifts with remarkable precision.

2024-02-01 13:47

Where to buy bitcoin?

You can purchase Bitcoin through various platforms including cryptocurrency exchanges like Coinbase, Binance, and Kraken; peer-to-peer trading; Bitcoin ATMs; and direct commercial exchanges. Remember to set up a digital wallet for storage and always exercise safety and caution.

2024-01-26 10:55

How does bitcoin work?

Bitcoin works by utilizing a technology called blockchain. Blockchain is a system of recording information in a way that makes it difficult or near impossible to change, hack, or cheat the system.

2024-01-25 16:51

What is digital currency?

Digital currency is a type of currency that is only available in digital or electronic form, not in physical form like notes or coins. It allows for instantaneous transactions and borderless transfer of ownership. Examples include cryptocurrencies like Bitcoin, as well as digital payment systems like PayPal.

2024-01-26 13:37

Is Crypto Over, Is There a Future?

It's impossible for any entity to definitively say if the era of cryptocurrency is over or predict its future with absolute certainty. The field is still quite young, vibrant, and volatile. Innovations, regulatory changes, and market dynamics could all significantly impact the future of cryptocurrencies.

2024-01-26 12:07

What is the Forex Market?

The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.

2024-02-06 14:29

What is scalping in forex?

Scalping is a popular trading strategy used primarily in the Forex market, characterized by the execution of a large number of trades to capitalize on small price movements. Unlike other trading strategies that aim for significant price shifts and may hold positions for hours, days, or even weeks, scalping is all about speed and precision.

2024-02-01 12:05

Digital currency vs cryptocurrency

Everyone is looking to gain market share from leading cryptocurrencies such as Bitcoin and Ether, but new and exciting projects are more desirable compared to these traditional big coins that will have limited upside in the future, and everyone is looking for new coins that are being launched on a regular basis, which have seen significant uplifts since they came to market.

2024-06-21 14:53

How to get a cryptocurrency wallet

Bitcoin is a digital currency that requires a process called mining. Bitcoin mining is a network-wide competition to generate a cryptographic solution that matches specific criteria. When a correct solution is reached, a reward in the form of bitcoin and fees for the work done is given to the miner(s) who reached the solution first

2024-06-20 16:05

Wolf Game NFT

Wolf Game is a decentralized, blockchain-based NFT game that blends strategy and role-playing elements. Players collect and utilize NFTs representing wolves and sheep, each with unique traits and values. Launched in 2021, the game introduces a novel risk-reward mechanism where players can stake their NFTs to earn rewards but face potential risks from other players' wolves. The innovative gameplay and scarcity of certain traits have made Wolf Game popular among NFT collectors and gamers seeking a more interactive experience in the digital collectibles space.

2024-06-20 13:46

World of Women NFT

World of Women (WoW) NFT is a collection that celebrates diversity and representation through digital art. Launched in July 2021, WoW features 10,000 unique, vibrant portraits of women, created by artist Yam Karkai. The project not only focuses on artistic expression but also aims to empower women and support gender equality in the blockchain space. WoW has gained significant attention for its community-driven initiatives and partnerships with major brands, contributing to its growing influence and value in the NFT market.

2024-06-20 13:37

WikiTrade trial Account Closure Announcement

We would like to inform you that WikiTrade will close all trial accounts on June 25, 2024 at 12:00:00 (UTC+8).

2024-06-20 12:12

Average nft prices

Average NFT prices can vary widely based on factors like rarity, artist reputation, and market trends. As of recent data, the average price for an NFT ranges from a few hundred to several thousand dollars. However, popular collections such as CryptoPunks or Bored Ape Yacht Club often see average prices in the tens or even hundreds of thousands. It's important to note that the NFT market is highly speculative and prices can fluctuate significantly in short periods. Always conduct thorough research before purchasing.

2024-06-20 11:39

Bad Billy Goats NFT Price Prediction

Predicting the price of Bad Billy Goats NFTs, or any NFT, can be challenging due to the volatile nature of the market. Factors such as overall demand, community engagement, and market trends heavily influence prices. If the project gains popularity or secures significant partnerships, prices could rise. Conversely, a decrease in interest or negative publicity could lead to lower prices. For accurate predictions, consider analyzing current market conditions and historical data related to similar NFT projects. Always exercise caution when investing in speculative assets like NFTs.

2024-06-20 11:17

Best NFT Giveaways

The best NFT giveaways often occur on platforms like Twitter and Discord, where creators and projects promote their digital art or collectibles. Popular projects like Bored Ape Yacht Club and CryptoPunks occasionally host giveaways to engage the community. To participate, users typically need to follow the project, retweet posts, or join specific Discord servers. These giveaways are a great way for newcomers to enter the NFT space and for collectors to potentially acquire valuable assets without initial investment. Always verify the legitimacy of the giveaway to avoid scams.

2024-06-20 11:08

Bored Ape NFT Price

The price of Bored Ape NFTs varies significantly, but they are known for fetching high prices due to their popularity and limited availability. As of July 2023, the floor price of Bored Ape NFTs had decreased by 88% from its peak in April 2022. Initially, these NFTs gained traction among celebrities and collectors, contributing to their high valuation. Prices can fluctuate based on market demand and overall interest in the NFT space.

2024-06-20 11:07