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The Forex Terminology

THE FOREX TERMINOLOGY Learn the Slang and Definitions LEARN THE MEANING OF THE WORDS USED ON TRADING BLOGS AND FORUMS PIP Pip stands for “Percentage in Point". It is a common measurment for how far the price has moved SPREAD The spread is the difference between the bid (sell) and ask (buy) prices.The spread you will pay when making your trades. Each market can have varying spreads and can cut into your profits VOLUME Volume in the MT4 and MT5 trading terminals is the amount you want to trade. You can set your own volume. SUPPORT AND RESISTANCE In the Forex markets there is support and resistance. Resistance levels are seen as levels of supply and areas where price has found resistance to the move higher. Support levels are demand levels where price can be seen on the chart to have found 'support'. GBP/USD 82% 1.54260 14:15 EUR/JPY 82% 135.365 14:15 CURRENCY 'PAIR' GBP/JPY 81% 183.543 14:15 USD/JPY 73% 118.983 14:15 Since currencies cannot be purchased or | exchanged individually. They must come in pairs. A currency pair is the two currencies that are being exchanged. USD/CAD 79% 1.25174 14:15 USD/CHF 73% 0.94890 14:15 EUR/GBP 78% 0.73751 14:15 AUD/USD 79% 0.77801 14:15 AUD/NZD 73% 1.03561 NZD/USD 73% 0.75125 14:15

The Forex Terminology

shared by mitchellvincent... on Jun 19
Forex Trading Guy created a list of the most important Forex terminology to help beginners to get started in the forex trading market.




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