Finance Related

ADX — a standard technical indicator that shows the power of a trend.

Ask (offer) — is a price of a supply, a price that you pay for a purchase.

Aussie — this is a word on the Forex slang, this is a short name of an Australian dollar.

Bid — a price of demand, a price that you demand when you sell.

Broker — a participant of the market who is a mediator between traders and large commercial institutions.

Cabel — this is a currency pair GBR/USD on the Forex slang.

Commission — a payment to a broker for implementing an operation.

Carry Trade — in the Forex, holding an opened position with a positive swap with the purpose to get profit from the difference between bank rates of interest.

Commodity Channel Index (CCI) — a cyclic technical indicator that is often used for determination of states of oversale and overbuy on the market.

Contract for Difference (CFD) — a special trade tool that allows to speculate on prices for safety stock, commodities and other tools without buying them.

Expert advisor — automated scenario that is used by the trade software to manage positions and orders automatically without human’s interference.

European Central Bank (ECB) — the main regulating organization of the financial system of the European Union.

ECN-broker — a type of a broker company that provides its clients with the direct access to other participants of the currency market. ECN brokers do not limit scalping, do not trade against a client; do not take spread, but take fixed commissions for every order.

Floating profit/Loss — profit/loss from a position that is still opened.

Fibonacci Retracements — levels with high possibility of change of trend or bounce, calculated as 23.6%, 32.8%, 50% and 61.8% diapason of the current trend.

Fed (Federal Reserve) — the main regulating organization of financial system of the USA , which unit (FOMC) also regulates federal interest rates.

Flat — a neutral state when all your positions are closed.

Fundamental analysis — a type of analysis that is based only on news, economic indicators and global events.

Gross domestic product (GDP) — a measure of national income and production of economy of a country; this is one of the most important Forex indicators.

Gap — a difference between a closing price of the previous period and an opening price of the next period. Gap usually appears on the Forex market during days off — between a closing level on Friday and an opening level on Monday.

Good till canceled (GTC) — an order to purchase or sell currency at a fixed price or worse. An order is true till its implementation or cancellation.

Hedging — maintenance of a position of the market, which provides existing opened positions in the opposite direction.

As in any other niche of life Forex needs some education.

Surely, one can start forex investment and be quite successful about it. But sooner or later the losses will come. This is when you might think “Why did I fail to start with a good forex trading education?”

That does not mean that after reading even the greatest materials you will start making money, but this info will save you from lots of dangers. And even if you make up your mind to get the assistance of a managed forex trading service, still you will be able to make a much wiser decision.

And a final piece of advice – today the web technologies give you a truly unique chance to choose what you require for the best price on the market. Strange, but most of the people don’t use this opportunity. In real practice it means that you must use all the tools of today to get the information that you need.

Search Google or other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the online discussion. All this will help you to create a true vision of this market. Thus, giving you a real chance to make a wise and nicely balanced decision.

And also sign up to the RSS on this blog, because we will do the best to keep this blog tuned up to the day with new publications about Forex currency trading.

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