Recent content by Hariskhawaja

A bullish stock is one that analysts and investors believe will outperform and gain in value. If you buy now, before the price rises, you'll be making an excellent investment. A bearish stock is one that experts believe will underperform and depreciate in value.

A central bank's foreign exchange reserves are assets held in foreign currencies. These reserves are used to back liabilities and exert monetary policy influence. Any foreign money owned by a central bank, such as the Federal Reserve Bank of the United States, is included.

"Percentage in point" or "price interest point" is what Pip stands for. According to forex market convention, a pip is the smallest price change that an exchange rate can make. The pip change is the last (fourth) decimal point in most currency pairs that are priced to four decimal places.

A contract for differences (CFD) is a financial contract that pays the difference between the open and closing settlement prices of two trades. CFDs, which are particularly popular in FX and commodities goods, allow investors to trade the direction of securities in the extremely short term.

Going long in foreign exchange trading (forex), as in all market trading, is buying with the anticipation of a rise in value. It's the exact opposite of shorting, which is when you predict the price to drop.

A trading platform is a laptop, mobile device, or website that allows you to purchase and sell financial assets.

Foreign exchange is referred to as FX.

I prefer to trade on accounts with a maximum leverage of 1:500. 1:50 is also a reasonable starting point, but never go higher than 1:500.

One of the most important forex lessons to learn is the need of discipline, since it will determine whether your trades are successful or not. Given how quickly the forex market changes and how it is influenced by a variety of factors, this is extremely crucial.

Forex trading is allowed under Islamic law. When the teachings of the Holy Qur'an deem something "haram," or forbidden, it becomes such according to Islamic law. Gambling and riba, commonly known as interest or usury, are two practices that the Holy Qur'an forbids.