Forex Glossary | Technical Analysis
This type of analysis focuses on chart patterns of currency movements. It assumes that a currency’s future movements can be predicted by looking at past behavior.
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Forex Glossary | Take Profit
A trade order which automatically closes an open position at a specific price realizing a specific amount of profit. Use this order to realize your gains.
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Forex Glossary | Swissy
Dealer slang for the USD/CHF currency pair.
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Forex Glossary | Stop Loss
A trade order which automatically closes an open position at a specific price in order to prevent losses in case the market moves against your position.
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Forex Glossary | Spread
The spread is the difference between the bid price and the ask price.
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Forex Glossary | Short Position
Going short means opening a position in which the trader sells currency in hopes that this currency’s value will decrease (sell high, buy low).
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Forex Glossary | Sell Price
The sell price (left quote display) is the price at which traders can sell the base currency. If you think that the EUR value will decrease then you can choose to sell it for USD at the price displayed in the bid quote.
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Forex Glossary | Risk Capital
The amount of money that a trader can afford to risk, the potential loss of which would not affect their lifestyle.
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Forex Glossary – Rate
Rate or quote, is the price of one currency in terms of another.
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