Forex Trading - 8 Basic Must Know Terms

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Eight Forex Terms Every Trader Should Know - Forex Dost

Eight Forex Terms Every Trader Should Know - Forex Dost submitted by forexdost to u/forexdost [link] [comments]

A layman's understanding of basic Forex terms - please let me know if I got it wrong!

I'm a total newbie - please go easy on me!

Here are some of the things I'm attempting to articulate; if I got it wrong, hope you could correct me.
Okay, here we go:

Concepts My understanding Examples Notes
Lot and Volume Lot is a collection of units. This actually depends on the Trading Platform. 1 lot can be 100K whilst on a different Platform, it can be 10K. A lot and a volume is identical, but differs only on formatting e.g. 1K lot or 10K lot can be 0.1 or 1 volume respectively. 10K Units = 1 Lot = 1 Volume I may get this wrong but does that mean if I buy or sell 1 volume (i.e. 1.00 or 10K units), it would equate to 10K * quoted currency?
Unit 1 unit is basically a dollar for USD. It's the base currency of the trader's account and not necessarily the traded pairs per se; but it can be used interchangeably. EUD:USD. Though the base for this pair is EUD, the base unit itself is USD if the trader's account is USD. But to be honest, sometimes I do get confused when people say 'based currency'; if there's a different explanation, please let me know!
Pip A pip is basically the smallest difference in a pair currency ('difference' here means Buy - Sell). A pip can be either on the 4th position or the 2nd position. 1.0601 - 1.0600 = 0.0010. So we say the trader has gained 1 pips. I understand there's "Pippetes" - I don't think this is critical (yet) for a beginner?. As I understand it's the 5th or 3rd decimal?
Lot Size and Pip Value Your chosen lot size can determine the value per Pip. The formula is: Lot size \ Pip* 10K * 0.0001 pip = 1$ So if there's a positive difference, you'd get 1$ gain.
Investment Returns Your profit can be determined by the following: (Pip / Quote rate) * Lot Size Say, EUD:USD is 1.0000:1.0001, so a difference of 1 pip. Thus, (0.0001/1.0001) * 10K = $0.9. You'd gain $0.9 per trade. (not too sure about this one actually)
Leverage and Margin Personally, I see leverage as % of how much you must have in your account against the "capital" the broker would give. Formula is (1/X)*100. The minimum amount you must have to trade by the given leverage is known as 'Margin' Say the broker will give you 1 lot of 10K Units. But you must have 1% of that amount deposited. So that's 1:100 or (1/100) *100 = 1%. So 1% of 10K is $100. You need to deposit $100 to trade and the broker will give you a $10,000 capital. Your margin is basically $100.
Margin Level The higher the % of the Margin Level, the better; this basically means you have money to trade as your Used Margin is low! Equations is: (Equity/ Used Margin)/100 As I understand, levels lower than 100% is not good as your Used Margin is getting larger. A 5% will force your broker to close your trades automatically. When your broker closes your trades like this, a Margin Call Level is used. For "Used Margin" I understand this only for all "Opened" trades, and not "Closed" trade?
Balance Balance is balance :p (hehe). It's basically what's left from whatever you've deposited.
Equity It's basically your real-time balance. It includes current profit and losses that are not closed yet. I want to compare Free Margin here but not too sure how to word it. I understand the formula for Free Margin is Equity - Margin.

Okay, that's about it for today! If I got any inaccuracy, or if I got things TOTALLY wrong and I'd fall flat on my face, please feel free to let me know!!
submitted by runnersgo to Forex [link] [comments]

Forex terms that are often used!

Forex terms that are often used! submitted by Loop-strategy to Investmentresults [link] [comments]

What are your thoughts as using forex swap as long term investment?

Looking at GBP/CHF specifically with its high swap rate and current low. Just buy at a low point and let it sit for a year and just collect the swap. Obviously have enough capital to withstand the market fluctuations over the year.
With my broker, the yearly swap will roughly return 75%. Has anyone done this as long term investment? What are some pros and cons?
submitted by DodoGizmo to Forex [link] [comments]

#USDJPY #TechnicalAnalysis ~~ The counter is currently in a #descendingchannel formation. It has made an inverted and #cupandhandle formation within that. ~~ Hence, we expect the pair to be #bearish in the short-term. Get the #freeanalysis now: https://traderpulse.com/forex-analysis-app/#pricing

#USDJPY #TechnicalAnalysis ~~ The counter is currently in a #descendingchannel formation. It has made an inverted and #cupandhandle formation within that. ~~ Hence, we expect the pair to be #bearish in the short-term. Get the #freeanalysis now: https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

http://twitter.com/forex_in_world/status/1309440184803618816Chart Art: Short-Term Triangle Opportunities on CAD/JPY and GBP/CHF https://t.co/23winayfD8— FOREX IN WORLD (@forex_in_world) September 25, 2020

http://twitter.com/forex_in_world/status/1309440184803618816Chart Art: Short-Term Triangle Opportunities on CAD/JPY and GBP/CHF https://t.co/23winayfD8— FOREX IN WORLD (@forex_in_world) September 25, 2020 submitted by Red-its to forextweet [link] [comments]

9 Tips for Short-Term Forex Trading Strategies In 2020

submitted by noosportlabscom to forex_trades [link] [comments]

#EURUSD #TechnicalAnalysis This counter has formed a #head&shoulderpattern but made a #staticmovement for few days.Finally, now it breaksout the strong support @ 1.1700 that leads to its #downtrend.Hence, we are expecting it will be #bearish for short term.https://traderpulse.com/forex-analysis-app/

#EURUSD #TechnicalAnalysis This counter has formed a #head&shoulderpattern but made a #staticmovement for few days.Finally, now it breaksout the strong support @ 1.1700 that leads to its #downtrend.Hence, we are expecting it will be #bearish for short term.https://traderpulse.com/forex-analysis-app/ submitted by traderpulse to u/traderpulse [link] [comments]

http://twitter.com/forex_in_world/status/1308756477021044736Chart Art: Brief and Prolonged-Term Retracement Plays on USD/JPY and AUD/NZD https://t.co/KQoUt2rRaV— FOREX IN WORLD (@forex_in_world) September 23, 2020

http://twitter.com/forex_in_world/status/1308756477021044736Chart Art: Brief and Prolonged-Term Retracement Plays on USD/JPY and AUD/NZD https://t.co/KQoUt2rRaV— FOREX IN WORLD (@forex_in_world) September 23, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1308119595576971265Alternate Adjustment: Prolonged-term Short on GBP/JPY https://t.co/6RcHEJiNp7— FOREX IN WORLD (@forex_in_world) September 21, 2020

http://twitter.com/forex_in_world/status/1308119595576971265Alternate Adjustment: Prolonged-term Short on GBP/JPY https://t.co/6RcHEJiNp7— FOREX IN WORLD (@forex_in_world) September 21, 2020 submitted by Red-its to forextweet [link] [comments]

#BTCUSD #TechnicalAnalysis #Bitcoin has formed a #headandshoulderpattern against dollar and has broken the neckline. It has formed after a significant uprun, which validates the pattern. We expect the counter to be bearish in the near-term https://traderpulse.com/forex-analysis-app/#pricing

#BTCUSD #TechnicalAnalysis #Bitcoin has formed a #headandshoulderpattern against dollar and has broken the neckline. It has formed after a significant uprun, which validates the pattern. We expect the counter to be bearish in the near-term https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

The best moves are the ones when the short-term trend coincides with the long-term trend.And Neural Trader can detect such trades for you.Here is a recent performance in #GBPJPY where it rendered 75 pips profit.Get #NeuralTraderhttps://wetalktrade.com/velocity-finder-best-forex-trading-strategies/

The best moves are the ones when the short-term trend coincides with the long-term trend.And Neural Trader can detect such trades for you.Here is a recent performance in #GBPJPY where it rendered 75 pips profit.Get #NeuralTraderhttps://wetalktrade.com/velocity-finder-best-forex-trading-strategies/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

http://twitter.com/forex_in_world/status/1306609090139951105Chart Work: Short-Term Retracements on EUR/GBP and GBP/NZD https://t.co/6edPwyosLu— FOREX IN WORLD (@forex_in_world) September 17, 2020

http://twitter.com/forex_in_world/status/1306609090139951105Chart Work: Short-Term Retracements on EUGBP and GBP/NZD https://t.co/6edPwyosLu— FOREX IN WORLD (@forex_in_world) September 17, 2020 submitted by Red-its to forextweet [link] [comments]

Forex Trading Terms: 50 Terms

Forex Trading Terms: 50 Terms submitted by ItchyBeginning6 to FinancialBreakingNews [link] [comments]

http://twitter.com/forex_in_world/status/1306889575160254465Chart Art: Rapid and Swing-Term Ranges on EUR/USD and AUD/CAD https://t.co/0Fjjw9fXNG— FOREX IN WORLD (@forex_in_world) September 18, 2020

http://twitter.com/forex_in_world/status/1306889575160254465Chart Art: Rapid and Swing-Term Ranges on EUUSD and AUD/CAD https://t.co/0Fjjw9fXNG— FOREX IN WORLD (@forex_in_world) September 18, 2020 submitted by Red-its to forextweet [link] [comments]

Bang On! Pipbreaker hits the TP again. This time it made 121 pips in NZD/CAD. Want to make the most of the short-term volatility? Get Pipbreaker now https://wetalktrade.com/best-indicator-for-mt4/ #pipbreaker #forex #volatility #NZDCAD #chartpattern #technicalindicator #forexmarket #forexsignals

Bang On! Pipbreaker hits the TP again. This time it made 121 pips in NZD/CAD. Want to make the most of the short-term volatility? Get Pipbreaker now https://wetalktrade.com/best-indicator-for-mt4/ #pipbreaker #forex #volatility #NZDCAD #chartpattern #technicalindicator #forexmarket #forexsignals submitted by Wetalktrade to u/Wetalktrade [link] [comments]

http://twitter.com/forex_in_world/status/1306520800460263424Short-Term Bollinger Reversion Technique 2.0 (Sept. 10 – 17) https://t.co/DESXNsebCL— FOREX IN WORLD (@forex_in_world) September 17, 2020

http://twitter.com/forex_in_world/status/1306520800460263424Short-Term Bollinger Reversion Technique 2.0 (Sept. 10 – 17) https://t.co/DESXNsebCL— FOREX IN WORLD (@forex_in_world) September 17, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1305433393958719488Brief-Term Bollinger Reversion Approach 2.0 (Sept. 3 – 10) https://t.co/sXpJ12B4re#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 14, 2020

http://twitter.com/forex_in_world/status/1305433393958719488Brief-Term Bollinger Reversion Approach 2.0 (Sept. 3 – 10) https://t.co/sXpJ12B4re#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 14, 2020 submitted by Red-its to forextweet [link] [comments]

#AUDCAD #TechnicalAnalysis --> This counter has been in the #bullishmomentum for long time period. --> Now, it made a #head&shoulderpattern & about to broke it. --> Also, the #trendline was broken. --> Hence it will be #bearish in the near term. https://traderpulse.com/forex-analysis-app/#pricing

#AUDCAD #TechnicalAnalysis This counter has been in the #bullishmomentum for long time period. Now, it made a #head&shoulderpattern & about to broke it. Also, the #trendline was broken. Hence it will be #bearish in the near term. https://traderpulse.com/forex-analysis-app/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

http://twitter.com/forex_in_world/status/1305433391345606657Commerce Thought: Long-term Immediate on GBP/JPY https://t.co/m3K3aFwxnV#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 14, 2020

http://twitter.com/forex_in_world/status/1305433391345606657Commerce Thought: Long-term Immediate on GBP/JPY https://t.co/m3K3aFwxnV#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 14, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1303793467634716672Exchange Notion: Long-term Short on GBP/JPY https://t.co/zkF5M8RWOn— FOREX IN WORLD (@forex_in_world) September 9, 2020

http://twitter.com/forex_in_world/status/1303793467634716672Exchange Notion: Long-term Short on GBP/JPY https://t.co/zkF5M8RWOn— FOREX IN WORLD (@forex_in_world) September 9, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1302232499075141632Brief-Term Bollinger Reversion Approach 2.0 (Aug. 27 – Sept. 3) https://t.co/kT7c8MDLrj#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 5, 2020

http://twitter.com/forex_in_world/status/1302232499075141632Brief-Term Bollinger Reversion Approach 2.0 (Aug. 27 – Sept. 3) https://t.co/kT7c8MDLrj#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 5, 2020 submitted by Red-its to forextweet [link] [comments]

Forex Jargon, Learn Terms, Industry Speak & Trading Phrases Forex Trading 101: Definitions - YouTube Forex Basics for Beginners Part One: Forex market ... Forex Terms - Spot Price and others Lesson 6.1: What is swap in forex trading? - YouTube

Forex has its own special terminology, which is good to know so it is easier to get along as a beginner trader. The XM free educational material lists up and explains the most frequent forex terms. The Forex market is a place where having a good command of a few basic terms is crucial to having any kind of success. Opinions vary widely on what constitutes a successful trading strategy, but without the above terms, the only terms you will get to know well are loss and tax deductions. If you’re a beginner in the Forex market, chances are you’ve stumbled upon an article or forum post that include terms such as “pips”, “cross-pairs”, “margin” and others.. Those are basic terms of the Forex market that all traders need to know. We’ve created a list of the most important Forex trading terminology to help get you started in the market. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. When it comes to Forex terminology, there are many different words and phrases that you will see used on the various broker websites, forums and other Forex educational sites that you might find a little confusing to begin with. To help you get to grips with, and understand the various terms, we have put together this useful glossary. Arbitrage

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Forex Jargon, Learn Terms, Industry Speak & Trading Phrases

Oodles of forex trading and strategy terms explained so you know what other traders are talking about when they speak FX. And now you too can "talk the talk"... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... Forex traders like to use abbreviated terms, and misunderstanding one of them can drastically change the way you interpret what they are telling you. The vast majority of trades I personally place ... FREE trial at TackleTrading.com here: https://tackletrading.com/pro-member-youtube/ In Chapter 3 of the Forex Trading 101 series presented by Tackle Trading ... Anyone can learn what the key terms mean, and use that knowledge to inform their own trading decisions. ... Forex Basics for Beginners Part One: Forex market terminology - Duration: 43:18. The ...

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