FOREX TERMINOLOGIES
PIP
The smallest increment of price movement a currency can make. Also called point or points.For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01.
LEVERAGE
Leverage is the ability to gear your account into a position greater than your total account margin. For instance, if a trader has $1,000 of margin in his account and he opens a $100,000 position, he leverages his account by 100 times, or 100:1
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ORDER TYPES
LONG
When we go long it means we are buying the market and so we want the market to rise so that we can then sell back our position at a higher price than we bought for. This means we are buying the first currency in the pair and selling the second
SHORT
When we go short it means we are selling the market and so we want the market to fall so that we can then buy back our position at a lower price than we sold it for. This means we are selling the first currency in the pair and buying the second.
MARKET ORDER
A market order is an order that is placed ‘at the market’ and it’s executed instantly at the best available price.
TRAILLING STOP LOSS
The trailing stop-loss order is an order that is connected to a trade like the standard stop-loss,but a trailing stop-loss moves or ‘trails’ the current market price as your trade moves in your favor.
MAJOR ECONOMICAL EVENTS
GDP
The GDP report is one of the most important of all economic indicators. It is the biggest measure of the overall state of the economy. The GDP number is released at 8:30 am EST on the last day of each quarter and it reflects
TRADE BALANCE
Trade balance is a measure of the difference between imports and exports of tangible goods andservices. The level of a country's trade balance and changes in exports vs. imports is widely followed and an important indicator
CPI
The CPI report is the most widely used measure of inflation. This report is released at 8:30 am EST around the 15th of each month and it reflects the previous month's data. CPI measures the change in the cost of a bundle
PPI
he PPI report is the most widely used measure of inflation. This report is released at 8:30 am EST around the 15" of each month and it reflects the previous month's data.