Forex Glossary
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- Bear Market - A market where the prices are moving down
- Bull Market - A market where the prices are moving up
- Cable Market - Foreign exchange term used for the GBP/USD currency pair
- Candlestick Chart - A chart indicator used to identify potential market change of direction
- Currency - Any form of legal tender, the most actively traded are USA, Canada, UK, France, Euro & Japan
- Currency Pairs - A currency pair depicts a quotation of two different currencies
- Economic Indicator - Economic indicators allow analysis of economic perfornce and predictions of future performance
- Foreign Exchange Market - The foreign exchange market (currency, forex, or FX) trades currencies
- Fundamental Market Analysis - Fundamental analysis of a business involves analyzing its financial statements and health
- Long - Means the holder of the position owns the security and will profit if the price of the security goes up
- Risk - The convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event
- Point(aka pip) - Smallest price change that a given exchange rate can make
- Resistance Trend Line - The upper level of the market where it is considered the market price will
go no further
- Short - The practice of selling
- Spread - The difference between the price quoted by a market maker for an immediate sale (bid)
and an immediate purchase (ask).
- Stop Loss - market order to close a position
- Support Trend Line - The lower level of the market where it is considered the market price will
go no further
- Technical Analysis - The use of technical indicators e.g., as moving averages and trend lines
to identify market movements
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