FOREX FUNDAMENTAL ANALYSIS

FOREX DICTIONARY

daytrader - trader who usually doesn't keep position over night, it doesn't mean that trades are made every single day

bull market (bullish) - market in uptrend

bear market (bearish) - market in downtrend

long (position), also 'longs' - to buy something, to assume increase

short (position), also 'shorts' - to sell something, to assume drop

pip - a single point price change, usually fourth place after the point in the price e.g. 1.3523

stop - stop loss

time frame - 15 minute time frame means time chart where one candle is created in 15 minutes

quadruple witching - a day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire

heat - how big risk are we taking in our trade

range - when the market doesn't move either in downtrend or uptrend for some time

set up - particular environment for a trade

metatrader 4 - universal trading platform

ninja trader - trading platform