in forex trading we also need to know the basic of the pair that we trading on. each pair has different characteristics, the market session, daily range, the amount of profit per pip, the amount of margin required for an order, the minimum stop level, and more. it is really important for us to learn it to maximize our profitability, choosing the right time to start trading, and avoid the extreme price movements, especially when there are on-going news on one currency. because at that time the market must have a significant movement.