This means let's say a bid price has a value of 1.2315
Adding 50 pips will mean
1.2315+0.0050=1.2365
And for something like 54.78
Adding 50pips is
54.78+0.50=55.28
Here u will see that each price is raised to a certain number
That is what is called pipette
It causes a small change in pips
(We buy when price appreciate and sell wen depreciating
Yes , this is straightforward as it seems..
What causes us to trade in the first place is fluctuations in price actions which u will understand better when we get to price Action
Prices only go up or down in forex or even any market..
LOL, the confusion is why will we buy when price go up instead of we selling
It's a simple logic..
'buying' is forex is not the normal buy.. It juts means u are predicting that price will go up.. And selling also means u are predicting that price will come down..
So accuracy of your predictions is what determines your profit or loss..
Yh, that's it..)
In forex, there are basically TWO types of MARKET ORDERS any forex trader would place
Basic types of Market orders.
Buy.
Sell.
We can all see the part labelled in purple "instant execution" ... Like I said it's used when we want to place an instant buy or sell order!!
The other part circled in blue ... That's where you adjust your "lot size" per trade
The other area circled in GREEN is where you input your PROFIT TARGET "take profit"
And the last one that was circled in RED is where you input your "STOP LOSS"