Forex Terminology for beginners – ONE
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Author: Dave Logen Ask (Offer) â€" the price of the offer, the price you buy for.
Bear â€" If someone has a negative view of a particular currency and believes that its price will decrease, they are said to be ‘bearish’ about that currency.
Bid (Demand) â€"the price of the demand, the price you sell for.
Bull - If someone has a positive view of a particular currency and believes that its price will increase, they are said to be ‘bullish’ about that currency.
ECB (The European Central Bank) â€" the main regulatory body of the European Union financial system.
Fed (The Federal Reserve) â€" the main regulatory body of the United States of
America financial system, a division of which, the FOMC (Federal Open Market Committee), regulates, among other things, federal interest rates.
Fundamental Analysis â€" a Forex trading analysis based only on news, economic indicators and global events.
GDP (Gross Domestic Product) â€" this is a measure of the national income and output for a given country's economy. It is one of the most important online forex indicators.
Limit â€" A limit is placed on a trade so as to exit it after a speculator has gained the expected number of pips.
Long â€" Trading a currency under the assumption that its price will rise â€" a ‘buy’ trade..
Loss â€" the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it.
Lot â€" definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100).
Momentum â€" the measure of the currency's ability to move in any given direction.
Moving Average (MA) â€" one of the most basic technical indicators. It shows the average rate calculated over a series of time periods. Exponential Moving Average (EMA), Weighted Moving Average (WMA) etc. are just the ways of weighing the rates and the periods.
Open Position (Trade) â€" position on buying (long) or selling (short) for a currency pair.
Order â€" order for a broker to buy or sell the currency with a certain rate.
Pip â€" Means Price Interest Point and refers to the smallest digit in any pricing, so if GBPUSD rose from 1.9443 to 1.9450, it rose 7 pips.
Pivot Point â€" the primary support/resistance point calculated basing on the previous trend's High, Low and Close prices.
Principal Value â€" the initial amount of money of the invested.
Profit (Gain) â€" positive amount of money gained for closing the position.
Forex analysis based only on news, economic indicators and global events.
Etoro.com - Forex Exchange
Dave Logen is a forex trader and strategy analyst. Other than writing, he designs software for market analysis of forex trading.
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