Is 0.01 a micro lot size?
I'm trading forex and I'm trying to understand lot sizes. I know that a standard lot is 100,000 units of the base currency, and a mini lot is 10,000 units. But I'm not sure about micro lots. Is 0.01 considered a micro lot size?
What is a 3x inside daily candle?
I'm trying to understand a specific term in the financial market. What does '3x inside daily candle' mean? I'm looking for an explanation of this concept and how it might be used in trading or market analysis.
How to calculate the pips?
I'm trying to figure out how to calculate pips. I need to understand the process or formula behind it so that I can accurately determine the pips in my trades. Can someone explain this to me in a clear and simple way?
What is anon in trading?
I've encountered the term 'anon' in trading discussions and I'm not sure what it means. Can someone explain the significance and usage of 'anon' in the context of trading?
What is a support level in crypto trading?
Could you please explain what a support level is in the context of cryptocurrency trading? I've heard it mentioned frequently but am not entirely clear on its significance or how it's identified. How does a trader use a support level to make informed decisions and potentially maximize their profits?