Very well written @Lupine101, now I have understood this better. I am also aware that trading currency is about betting that one currency will either strenghten/weaken against the other currency, but not about owning the said currency.

As for this, not very sure what you meant:

" Because with leverage you get to trade up to 4 decimal points for a pair. Meaning when the market is volatile, a little drop in dollar could mean nothing to the world wide currency exchange, but when its against a stronger currency you could lose a lot due to leveraged trading. "

Kindly elaborate further pls?

Traders in forex usually use leverage.
Ie: borrowing money to trade against certain currency. 1 pips movement can cost you significant amount. But not in a case if you trade with hard currencies.

In other way, you get margin call (when your trade goes the other side of the road)

Read more on margin..

high leverage... trade big lot size... risky!
high leverage... trade small lot size... very safe!

When you leveraged your trade, you are basically borrowing money from your broker. You can use a small capital with borrowed money from the broker to trade the market. Here is a link on babypips about leverage. It explains better why some people like high leverage, while some other prefer lower.

https://www.babypips.com/learn/forex/leverage-defined

In forex, always trade with the amount you are ready to lose. That way you won't face this heavy mental pressure of losing the money to get the market.

Correct. The proper word here is the 'effective leverage'.

To confirm, the price provided by different brokers would be different, correct? Question is, would it differ by much, if compared ?

not really, it should be same among reputable brokers under normal circumstances.
if any diff it would be minimal, few pips at most.

This allay my concern. Coz to me, if different brokers get to dictate their own prices, they could see what makes more profits to them.

E.g. if there are more investor betting against, say, USD to EUR, they can make them lose by indicating that the the USD fares better than EUR.

Anyways, what is pips?

Hi, anybody here ever deal with evoGates? Any problem exchanging money with it?

Pip is the smallest value for calculating a price chance in spot forex.

A pip is equivalent to 0.0001 in EUR/USD pair.

A broker? Doesn't sound trustworthy. Go to the forex broker thread, they could have a better answer.

Would like to learn more on currency trading, is there any courses around that I could attend to?

Thank you.

Most are self taught. As recommended in 1st page, babypips.com for all the basics.

As they say, practice make perfect. Same as in trading, dont expect to be profitable within the first 6 months period.

There are classes (you might have pm now btw), but most basic. Some say advance, but again, a coach can only tell you so much but at the end of the day you are the one who are hitting the ball.

Usually end of year no big firms or major player will open positions. End of year is the time where most retail investor take profit or cut losses before the new year or Christmas holiday. Over this long period of uncertainty and quiet market, the low votality and volume in market will cost them much more if they open any large positions. That's why you see its usually quiet over these holiday festive.

This post has been edited by Lupine101: Dec 27 2017, 09:37 AM

Start with baby pips. Learn the basics. There are plenty to learn about investing forex.
When you start knowing what's technical analysis, then you can start looking for fundamental stuff. After all these, look for deeper topics like market psychology, Auction Market Theory, order flow, volume analysis, market depth etc.

This is the journey you cannot miss if you are passionate in trading.

A few good reading materials by wycoff, Jesse livermore also good for you to pick up some idea how the market work.

Good luck man.

I will continue to subscribe bro.

What is this table showing? I can't understand?

sorry....i'm newbie

I will continue.

If floating then they should be fine. They can't afford to open position if market don't have the liquidity. The size of their position will trigger movement in price and it would be expensive for them.

I find it a little contradicting. Correct me If I am wrong.

You mentioned that retail traders are taking profit or cutting losses, wouldn't that contribute to more liquidity?