The choice of the “best” forex chart depends on the preferences and trading style of the individual trader. Different types of forex charts offer different advantages and may be better suited for specific trading strategies. Here are some commonly used forex charts and their characteristics: Ultimately, the best chart type depends on your trading strategy, […]
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A 5% margin in forex means that you need to have 5% of the total trade value as margin in your trading account to open and maintain a position. It is the minimum collateral or deposit required by your broker. To calculate the margin amount, you can follow these steps: Here’s an example to illustrate: […]