Discussion about forex terms

INTRODUCTION
Assalam alaikum dear memebrs!umeed ha ap sb khairiat se hn gy.aj ki post main hum forex main use hony walli terminologies ko explain karen gy jo k hr trader ko ni pata hoti infact ye forex ki languange hoti ha.Nechy mosst commonly used terminologies ko explian kia gia ha.


Pip:
Dear mmebers pip ka mtlb hota ha "Percentage in Point" . Forex mai pip aik price measue hoti ha jo k btati ha k price kitna move kar chuki ha. Curreny ki prices main decimal point k bad 4th figure ko pip khty hain.
for example 0.0001 ye aik pip ha.
Agr ye value 0.0002 ho jy to price 1 pip increase hovi ha.
Nechy picture main ap dykh skty hain k Pip value apny MT4 or MT5 main.


Spread:

• Dear members jb ap koe trade lety hain to ap daikhty hn gy k sell or buy ki price main difference hota ha jski wja se apki trade loss se start hoti ha , ye difference spread khlata ha jo k ap trade karty wqt pay karty hain.
• Spread har trading pair ka alg hota ha or ye depend karta ha k ap konsa broker use kar rhy hain q k spread aik kism ka broker ka comission hota ha.

Bid and ask price:

• Dear members Bid & ask price buy or sell ki prices hoty hain jo k apko Trade karty hovy di jati hain.
• jb ap Buy karty hain to Ap ask price py buy karty hain q k ye zada hoti ha or es main spread bhi add hota ha.
• jb ap sell krty hain to Bid price py hota ha jo k dono main se km hoti ha.

Slippage:

• Dear members baz oqat aisa hota ha k js price py hm entry lene chahty hain jb trade lagti ha to us price oy ni hoti ye sb slippage ki wja se hota ha.
• jb market main high volatility ho to prices tezi se move karti hain or hmary trade leny k doran price change ho jati ha.
• baz oqat slippage ki wja se hmara SL ya TP bhi slip ho jata ha or market us se nechy chli jati ha jb k hit ni krti

Lot size:

• Dear members jb hm koe trade lety hain to hum decide kary hain k kitny ki len gy ye trade ka size lots main show hota ha.
• $1 ye aik standard lot size hota ha.
• $0.1 ye aik mini lot size ha.
• $0.01 ye aik micro lot size ha.
• $0.001 ye aik nano lot size hota ha.
• lot size ap k account balance or leverage py depend karta ha. Agr account balance zada or leverage bhi zada ha to ap bara lot size use kar skty hain or es k risk & rward bhi zada hain.