Forex Glossary, Currency Trading Terms and Definitions

Forex Trading

To provide high-quality information that traders can apply in their pursuit of profits.
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19 Forex Trading Terms 2019

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19 Forex Trading Terms For Traders

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Learn Forex Trading Terms - Part 4

Learn Forex Trading Terms - Part 4 submitted by vinr2018 to u/vinr2018 [link] [comments]

19 forex trading terms explained for any forex trader in 2019

19 forex trading terms explained for any forex trader in 2019 submitted by addae3 to u/addae3 [link] [comments]

Learn Forex Trading Terms - Part 2

Learn Forex Trading Terms - Part 2 submitted by vinr2018 to u/vinr2018 [link] [comments]

Learn Forex Trading Terms - Part 3

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19 Forex Trading Terms for Forex Beginners

Before going ahead with the forex trading, it is so very important to understand the essentials and basics of the same. As a newbie forex trader, having a basic understanding of common forex trading terms is recommended.
Here you can check out 19 most important and common trading terms used in the Forex world.
  1. PIP
  2. ASK PRICE
  3. BID PRICE
  4. SPREAD
  5. MARGIN
  6. Margin Call
  7. POSITION
  8. LONG POSITION (Going Long)
  9. SHORT POSITION (Going Short)
  10. LOT SIZE
  11. LEVERAGE
  12. SLIPPAGE
  13. HEDGING
  14. ROLLOVER or SWAP
  15. SAFE HAVEN CURRENCY
  16. COMMISSION
  17. STOP LOSS ORDER
  18. STOP ENTRY ORDER
  19. CROSS RATE
To know about these terms in detail, please visit - https://www.mmfsolutions.sg/blog/19-forex-trading-terms-2019/
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Forex Trading Terms To Know For Every Trader - Part 1

Forex Trading Terms To Know For Every Trader - Part 1 submitted by vinr2018 to u/vinr2018 [link] [comments]

Forex Trading Terms: Spot Trade

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Forex Trading Basics Reddit - Forex Glossary Terms For Beginners

Forex Trading Basics Reddit - Forex Glossary Terms For Beginners

What is Forex - Terminology

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The FOREX market is the largest financial market in the world. On a daily basis, trillions of dollars are traded in different currencies around the world.
Being FOREX the basis for international capital transactions, its liquidity and volume are much greater than any other financial market. It is estimated that the average volume traded by the world's largest stock exchange, the New York Stock Exchange (NYSE) in a full month, is equal to the volume traded daily in the Forex currency market. In addition, it is estimated that this volume will increase by 25% annually.
80% of transactions are between the US dollar (USD), the euro (EUR), the yen (JPY), the British pound (GBP), the Swiss franc (CHF), and the Australian dollars (AUD) and Canadian (CAD).

What is traded in the Forex market?

We could just say that money. Trading in FOREX simultaneously involves buying one currency (for example euros) and selling another (for example US dollars). These simultaneous purchase and sale operations are carried out through online brokers. Operations are specified in pairs; for example the euro and the dollar (EUR / USD) or the pound sterling and the Yen (GBP / JPY).
These types of transactions can be somewhat confusing at first since nothing is being purchased physically. Basically, each currency is tied to the economy of its respective country and its value is a direct reflection of people's perception of that economy. For example, if there is a perception that the economy in Japan is going to weaken, the Yen is likely to be devalued against other currencies. In other words, people are going to sell Yen and they are going to buy currencies from countries where the economy is or will be better than Japan.
In general, the exchange of one currency for another reflects the condition of the health of the economy of that country with respect to the health of the economy of other countries.
Unlike other financial markets such as the stock market, the currency market does not have a fixed location like the largest exchanges in the world. These types of markets are known as OTC (Over The Counter). Transactions take place independently around the world, mainly over the Internet, and prices can vary from place to place.
Due to its decentralized nature, the foreign exchange market is operated 24 hours a day from Monday to Friday.
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Forex Trading Basics - Basic Forex Terminology

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As with any new skill that is learned, it is also necessary to learn its terminology. There are certain terms that you must know before you start trading Forex. Here are the main ones.

• Major and minor currencies

The 8 most widely used currencies (USD, EUR, JPY, GBP, CHF, CAD, NZD, and AUD) are known as “ major currencies ”. All other currencies are called " minor currencies ." You don't need to worry about minor currencies, as you probably won't start trading them for now. The USD, EUR, JPY, GBP, and CHF currencies are the most popular and most liquid currencies on the market.

• Base currency

The base currency is the first currency in any currency pair. It shows how much the base currency is worth against the second currency. For example, if the USD / CHF has a rate of 1.6350, it means that 1 USD is worth 1.6350 CHF. In the forex market, the US dollar is in many cases the base currency to make quotes, the quotes are expressed in units of $ 1 on the other currency of the pair.
In some other pairs, the base currency is the British pound, the euro, the Australian dollar, or the New Zealand dollar.

• Quoted currency

The quote currency is the second currency in the currency pair. This is often referred to as a "pip-currency" and any unrealized gains or losses are expressed in this currency.

• Pip

A pip is the smallest unit of the price of any currency. Almost all currencies consist of 5 significant digits and most pairs have the decimal point immediately after the first digit. For example EUR / USD = 1.2538, in this case, a pip is the smallest change in the fourth decimal space, which is, 0.0001.
A notable exception is the USD / JPY pair where the pip equals $ 0.01.

• Purchase price (bid)

The buying price (bid) is the price at which the market is ready to buy a specific currency in the Forex market. At this price, one can sell the base currency. The purchase price is displayed on the left side.
For example, in GBP / USD = 1.88112 / 15, the selling price is 1.8812. This means that you can sell a GPB for $ 1.8812.

• Sale Price (ask)

The asking price is the price at which the market is ready to sell a specific currency pair in the Forex market. At this price, you can buy the base currency. The sale price is displayed on the right-hand side.
For example, at EUR / USD = 1.2812 / 15, the selling price here is 1.2815. This means that you can buy one euro for $ 1.2815. The selling price is also called the bid price.

• Spread

All Forex quotes include two prices, the bid (offer) and the ask (demand).
The bid is the price at which the broker is willing to buy the base currency in exchange for the quoted currency. This means that the bid is the price at which you can sell.
The ask is the price at which the broker is willing to sell the base currency in exchange for the quoted currency. This means that the ask is the price at which you will buy. The difference between the bid and the ask is popularly known as the spread and is the consideration that the online broker receives for its services.

• Transaction costs

The transaction cost, which could be said to be the same as the Spread, is calculated as: Transaction Cost = Ask - Bid. It is the number of pips that are paid when opening a position. The final amount also depends on the size of the operation.
It is important to note that depending on the broker and the volatility, the difference between the ask and the bid can increase, making it more expensive to open a trade. This generally happens when there is a lot of volatility and little liquidity, as happens during the announcement of some relevant economic data.

• Cross currency

A cross-currency is any pair where one of the currencies is the US dollar (USD). These pairs show an erratic price behavior when the operator opens two operations in US dollars. For example, opening a long trade to buy EUR / GPB is equivalent to buying EUR / USD and selling GPB / USD. Cross-currency pairs generally carry a higher transaction cost.

• Margin

When you open a new account margin with a Forex broker, you must deposit a minimum amount of money to your broker. This minimum varies depending on each broker and can be as low as € / $ 100 at higher amounts.
Each time a new trade is executed a percentage of your account margin balance will be the initial margin required for a new trade based on the underlying currency pair, current price, and the number of units (or lots) of the trade. .
For example, let's say you open a mini account which gives you a leverage of 1: 200 or a margin of 0.5%. Mini accounts work with mini lots. Suppose a mini lot equals $ 10,000. If you are about to open a mini lot, instead of having to invest $ 10,000, you will only need $ 50 ($ 10,000 x 0.5% = $ 50).

• Leverage

Leverage is the ratio of the capital used in a transaction to the required deposit. It is the ability to control large amounts of dollars with relatively less capital. Leverage varies drastically depending on the broker, it can go from 1: 2 to even 1: 2000. The most common level of leverage in Forex can currently be around 1: 200.

• Margin + leverage = dangerous combination

Trading currencies on margin allows you to increase your buying power. This means that if you have $ 5,000 in account margin that allows you a 1: 100 leverage, you can then buy $ 500,000 in foreign exchange as you only have to invest a percentage of the purchase price. Another way of saying this is that you have $ 500,000 in purchasing power.
With more purchasing power you can greatly increase your potential profits without an outlay of cash. But be careful, working with a high margin increases your profits but also your losses if the trade does not progress in your favor.
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9 Tips for Short-Term Forex Trading Strategies In 2020

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#Shorttermtrades are hard to predict. But not for #NeuralTrader. It can predict short & #longtermmovements accurately. Here is a short-term in #AUDJPY where it predicted 97 #pips run-up. Own it now. https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/

#Shorttermtrades are hard to predict. But not for #NeuralTrader. It can predict short & #longtermmovements accurately. Here is a short-term in #AUDJPY where it predicted 97 #pips run-up. Own it now. https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/ submitted by Wetalktrade to u/Wetalktrade [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]

Forex Traders Prefer Funded Traders Program Over Forex Brokers

Forex Traders Prefer Funded Traders Program Over Forex Brokers


The5ers.com
A firm active in Forex speculation investments, The5ers can help forex traders in enhancing their trading careers. You’re probably thinking that The5ers is yet another forex broker but it is not! Unlike a broker, The5ers does not provide retail trading accounts off the counter. Instead, the privilege of trading with The5ers funded accounts is given to those who deserve it or those who’ve mastered the skill of trading.
Once a trader qualifies for trading with The5ers funded forex accounts, they have the advantage of an un-compatible growth scheme and trading with zero risks. For seasoned forex traders who want to grow their capital exponentially while keeping the risks involved to a bare minimum, The5ers Funded Forex Traders account is a great way to achieve their objectives.
So, what advantage does The5ers have over your average forex broker? The5ers proprietary trading account—unlike your average retail brokerage account—offers some of the most flexible Forex trading terms that you will find in the market. Offering the ultimate forex proprietary trading career, The5ers does not accept any money from traders. Instead, The5ers funds trading accounts from its own available capital to provide traders with stable capital resources for their trading activity and growth.
The5ers is the way to go for traders who want to trade with a funded forex account that comes with minimal risk and increased freedom in trading.

What Makes The5ers Different from Traditional Retail Brokerage Forex Trading Programs

With traditional forex brokers, traders’ hands are tied as they are allowed limited trading strategies and the given trading targets are often unrealistic. On the other hand, trading with The5ers platform relieves traders from these unnecessary headaches. Tailored to achieve maximum profit with minimal to no risk, The5ers trading parameters are comfortable, to say the least.
The5ers trading platform is completely funded by The5ers and traders only need to pay a one-time enrolment fee to start the evaluation. This is required to qualify for trading with the funded accounts of The5ers. Even during the evaluation period, traders will be given their split from any profit made.
Making things even better is The5ers’s exponential growth scheme that comes into effect once a trader has reached the 10% growth target. Traders are rewarded for the outstanding performance with a payout. The above benefits would certainly pique an interest in trading with The5ers’s funded forex accounts. Following are some of the main reasons why more and more forex traders today are choosing funded forex traders programs, like the one offered by The5ers, over traditional forex brokers.

Legal Benefit

When trading through a forex trading or with a retail brokerage account, the trader is a client which means they have limited capital security. Impulsive and reckless behavior can often result from this as traders have no pressure to perform within a structured system or show consistency in their trading actions. While a trader is the owner of capital in this scenario and they can withdraw at will, their ability to grow is severely limited.
On the other hand, a proprietary fund does not make you the client or the owner of the trading capital. Within the framework of a funded forex traders program like The5ers’s, you are only a contractor and a service provider.
As a trader does not invest any of their own money to trade with the platform, a funded traders program like The5ers can provide the trader trading services anywhere in the world, regardless of local regulations. This can be great news for forex traders in the U.S and Canada since regulations in these countries force those trading with a brokerage account to trade only within the country. Similarly, while residents of Brazil and France are prohibited from self-investing in forex, they can trade in forex using a fully funded remote proprietary trading account.

Low Cost of Entry

To start trading with a retail brokerage account, traders need to fund the trading account completely from their own resources. For traders, this would typically mean spending $20,000 to $100,000 from their own resources to have sufficient funds in the trading account to produce a decent monthly payout. A funded traders program like The5ers relieves traders of this problem by requiring them to only pay a few hundred dollars to start trading with an entry-level account that can provide them with trading capital of up to $40,000.

Avoiding the Leverage Temptation

Prospective traders are offered a dangerously high amount of leverage by many retail brokers today. Not many traders are aware of this, but the high amount of leverage given to them by retail brokers is to make them trade irresponsibly. It is in every trader’s best interest to avoid the temptation of using this high leverage in trading. The temptation is automatically avoided when trading with a funded traders program like The5ers. This is because The5ers funded trading platform requires traders to trade in a responsible manner. When traders adhere to The5ers’s guidelines, they avoid reckless and futile behavior.

Risk-Free Trading

In a retail brokerage account, all of the risks is assumed by the trader. This is because the trader is trading completely with their own capital. On the other hand, this risk is minimized—if not eliminated—by a funded trading account since funds for trading are provided by the trading platform. Hence, the trader does not have to pay for any losses but they can still take their share from the profit.

Increased Flexibility for International Traders

Traders in countries with strict regulations for forex trading will find a remote proprietary trading fund like The5ers as the ideal solution for their troubles. Offering increased flexibility to international traders, The5ers Funded Forex Traders Program allows traders to trade at any given time and whenever they want. This makes it perfect for a night trader, weekend trader, or any other kind of trader that one can think of.

Great Profit Sharing and Account Growth Scheme

Funded forex traders programs such as The5ers pay traders according to their growth. In addition to high-profit sharing, a much larger, exponential growth scheme is offered. The growth scheme comes into effect once a trader has reached the 10% growth target. The5ers believes that successful traders should be rewarded appropriately. Thus, it offers decent monthly payouts and stable growth to traders to reward them for trading profits in a timely, organized, and consistent manner

Ease of Joining

There are no special requirements for trading with The5ers’s trading platform. Anyone can apply for trading with The5ers funded accounts whether they are a retail broker or someone with similar experience and knowledge in forex trading. However, all traders will need to pass an evaluation exam to start trading with The5ers forex funded accounts.
Looking at the above benefits, choosing a funded traders program over forex brokers would be the obvious and sensible choice. One of the best forex trading programs available today, The5ers Funded Forex Traders Program offers profit split, minimal self-capital risk, a great growth scheme, and accounting financing in addition to flexible trading terms and 24/7 support, making it a must for all forex traders out there.
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Best Forex Currency Trading Pairs | Trading Terms

Best Forex Currency Trading Pairs | Trading Terms submitted by thetradersspread to u/thetradersspread [link] [comments]

Forex trading earnings is unlike the MLM products that give you instant gratification. However, you can certainly gain long-term benefits to change your lifestyle and give you security for life. If you are serious, it is time to register free at http://dominion24.esy.es/register-for-webinar/.

Forex trading earnings is unlike the MLM products that give you instant gratification. However, you can certainly gain long-term benefits to change your lifestyle and give you security for life. If you are serious, it is time to register free at http://dominion24.esy.es/register-for-webina. submitted by edithadhanushya to u/edithadhanushya [link] [comments]

6 Terms You Have To Know To Trade Forex

6 Terms You Have To Know To Trade Forex submitted by SAtechnewsbot to SAtechnews [link] [comments]

http://twitter.com/forex_in_world/status/1280809553467248640Chart Art work: Brief and Prolonged-Term Trades on AUD/NZD and EUR/NZD https://t.co/pWjqpMU2Iq— FOREX IN WORLD (@forex_in_world) July 8, 2020

http://twitter.com/forex_in_world/status/1280809553467248640Chart Art work: Brief and Prolonged-Term Trades on AUD/NZD and EUNZD https://t.co/pWjqpMU2Iq— FOREX IN WORLD (@forex_in_world) July 8, 2020 submitted by Red-its to forextweet [link] [comments]

YOLOrekt - Forex Style Short Term Option Trading in Crypto

YOLOrekt - Forex Style Short Term Option Trading in Crypto submitted by lord_bit to CryptoMarkets [link] [comments]

Can you apply the Philip Fisher's Scuttlebutt method to long-term Forex trading?

I am wondering if, with a lot of work and effort, if applying the 15 points is possible with global currencies.
Or what other time tested forex trading books are out there that I can read? (besides TA books)
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@AlphaexCapital : What now for gold as sellers regain near-term control in overnight trading? https://t.co/XIjsL9ONb0 #forex #forextrading #investing

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Forex Currency Trading is a Path to Quick Riches and Long Term Prosperity

Forex Currency Trading is a Path to Quick Riches and Long Term Prosperity submitted by Rufflenator to 3bitcoins [link] [comments]

Forex Trading for Beginners - YouTube Forex Trading Strategies That Actually Work 💰 💲 - YouTube Lesson 12: Long Term VS Short Term Forex Trading - YouTube Forex Long Term Trading Part 1 Forex Trading Terms - PIP - YouTube Position Trading Strategies  Long-Term Forex and CFD ... The ONLY Forex Trading Video You Will EVER Need - YouTube Forex Trading Course (LEARN TO TRADE STEP BY STEP) - YouTube SIMPLE & PROFITABLE Trend-following Forex Trading Strategy ...

The Forex market is a crazy place, full of terms that a lot of people have never heard before. While having some previous experience trading stocks or futures is helpful to a budding Forex trader, there are a few terms that can be misleading to someone with no prior experience. Forex Glossary is a unique guide for the study of foreign currency trading and investing, with an extensive range of definitions, cross-references between related terms, informative sidelights, hyperlinked keywords and numerous examples. The Forex Glossary currently contains a vast number of terms relating to online currency trading, financial and investment and is regularly updated. Do you ... Forex Trading: The Basics Explained in Simple Terms Online trading has never been more popular, but it is vital to understand the basics before jumping in and investing real money. Read on for our trading basics guide to minimise the risks and avoid the common pitfalls of initiate traders. It allows traders to leverage their capital (by trading notional amounts far higher than the money in their account) and provides all the benefits of trading securities, without actually owning the product. In practical terms, if you buy a CFD at $10 then sell it at $11, you will receive the $1 difference. Conversely, if you went short on the trade and sold at $10 before buying back at $11 ... The Forex Trading Coach reserves the right to change any information related on this site at any time, without notice at its sole discretion. Governing Law. These terms and conditions are governed by the laws of New Zealand and both parties submit to the exclusive jurisdiction of the courts of that Country. How to Contact Us . If you have any questions regarding these Terms and Conditions or ... explain Forex in a plain and simple manner and give you enough information to get started sooner rather than later, in the exciting world of Forex Trading. What is Forex? Forex is the common term used to describe Foreign Exchange. It is also called currency trading, or just FX trading, and every now and then you may see it referred to as Spot FX. Forex Trading Terminology . The Forex market comes with its very own set of terms and jargon. So, before you go any deeper into learning how to trade the Fx market, it’s important you understand some of the basic Forex terminology that you will encounter on your trading journey… • Basic Forex terms: The forex market is open 24 hours a day, five days a week, except for holidays. The forex market is open on many holidays on which stock markets are closed, though trading volume may be lower. Forex Must Know Terms. The world of Forex trading can be a little overwhelming to newcomers, so you will need to spend some time getting to know the language used and read up more on each term you hear. Here are some common terms you will need to know when trading Forex. What Is A Pip? A pip is a commonly used term in forex that refers to change in value between two currencies. For example, if ... Forex Trading Terminology: 15 Must Know Terms. Phillip Konchar April 25, 2019. 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 ...

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Forex Trading for Beginners - YouTube

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