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Basic Forex Terminology
What is Basic Forex Terminology? Basic Forex terminology is used by most individuals and companies that trade Forex. Forex stands for foreign exchange markets. Forex is the largest financial market in the world and trades global currencies in real time. In order to excel at Forex, you should be aware of basic Forex terminology. Here are some widely used terms.One of the most basic Forex terminologies is ask price. Ask price is the price a currency is offered for. When trading Forex, you will usually see both the ask price and sell price for each currency listed next to each other.
Base currency, stands for the currency that all your currencies are converted to once you close the trade. The base currency usually is the US Dollar for people doing business in America.
Going long and going short are also popular basic Forex terminologies. Going long means that you invest in a currency for the long term. Going short means that you sell a currency that is not yet owned by you- the seller. Going short can be a great way to profit in certain situations, but can involve high risk.
Pip is also a popular basic Forex term. Pip stands for the difference between the bid price and the asking price. The range is also an important term because it offers the seller information on the highest and lowest prices of currencies being offered.
So if you are interested in trading Forex, it is important that you read and understand the above basic Forex terminology.
Recent Forex News
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Daily FX Report
The GBP/CHF comes to one trading range after another. The market traded one month between its levels 1,9601 and 2,0266. In the middle of March there was a break through the channels support and the market came back to its old range from the beginning of March. It tried to...
Forex Technical Update
Euro surged by 97 pips from the days opening level of 1.5392 to touch an intraday high of 1.5489 (55 4-Hrly EMA) before closing slightly lower at 1.5481. The 4-Hrly stochastics shows selling pressure along with the Daily charts showing a downmove. Immediate resistance comes in at 1.5489 levels (55...
Technical Analysis for Crosses
The Pound started to gain back today against the Yen after the had been undergoing a correction that took the pair to the 50.0% correctional level at 200.79, now the short term momentum indicators are showing the pair is being traded within an overbought area and needs another slight correction...
FX Technical Analysis
EURUSD Comment: A 'doji' candle on Thursday and on the weekly chart suggests we have found an interim low and will consolidate above here for several days. For this morning prices should hold above 1.5350 with a sustained break above 1.5450, while a break above 1.5500 should set off a...
Technical Analysis for Major Currencies
The European currency is still consolidating above the 1.5390 area with low momentum to beat any support or resistance that will make it define a specific trend, yet we still believe that the upside direction is the highest probability but we need to see a break to the 1.5490 area.
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Daily Financial Market Outlook
The focus will be on inflation this week, with the latest monthly data due in the UK, US and euro zone. The continuing rise in crude oil prices and higher food prices suggests monthly rises could be strong, keeping annual comparisons at uncomfortably high levels. However, the impact of rising...
Heavy Inflation Load!
Well after the US took sometime to gather pace last week giving the European Continent the spot to grab all the attention announcing their steady rates, on again INFALTION GAUGE! That leaves us with the three major banks on speculative hold due to rising inflationary threats!
Falling Business Confidence Puts RBA on Awkward Footing
Australian businesses were at their most pessimistic in April since September 2001 according to National Australia Bank, whose confidence index dropped to -8 following last month's reading at -4. A negative reading signals more survey respondents expect their prospects to deteriorate versus improve in the near term. The result supports...
Dollar Firms Up In Asian Trading
There is no real change in Japan's slowdown according to the Eco Watcher's Survey which reflects the sentiment of 'on the street' service providers such as taxi drivers, hairdressers and local food vendors. The decline in the headline numbers has been consistent and reflects the growing lack of consumer confidence...
Asia Session Recap
The beginning of the trade week in Asia brings some talk of the US Dollar being oversold, thus the dollar strength that we are seeing at play tonight. As well, we see futures traders betting there is an 82% chance that the Fed is done with its cutting cycle, while...
Newsfeed display by CaRP
Forex Technical Analysis Reports (ActionForex.com)
Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Daily FX Report
The GBP/CHF comes to one trading range after another. The market traded one month between its levels 1,9601 and 2,0266. In the middle of March there was a break through the channels support and the market came back to its old range from the beginning of March. It tried to...
Forex Technical Update
Euro surged by 97 pips from the days opening level of 1.5392 to touch an intraday high of 1.5489 (55 4-Hrly EMA) before closing slightly lower at 1.5481. The 4-Hrly stochastics shows selling pressure along with the Daily charts showing a downmove. Immediate resistance comes in at 1.5489 levels (55...
Technical Analysis for Crosses
The Pound started to gain back today against the Yen after the had been undergoing a correction that took the pair to the 50.0% correctional level at 200.79, now the short term momentum indicators are showing the pair is being traded within an overbought area and needs another slight correction...
FX Technical Analysis
EURUSD Comment: A 'doji' candle on Thursday and on the weekly chart suggests we have found an interim low and will consolidate above here for several days. For this morning prices should hold above 1.5350 with a sustained break above 1.5450, while a break above 1.5500 should set off a...
Technical Analysis for Major Currencies
The European currency is still consolidating above the 1.5390 area with low momentum to beat any support or resistance that will make it define a specific trend, yet we still believe that the upside direction is the highest probability but we need to see a break to the 1.5490 area.
Newsfeed display by CaRP
Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Daily Financial Market Outlook
The focus will be on inflation this week, with the latest monthly data due in the UK, US and euro zone. The continuing rise in crude oil prices and higher food prices suggests monthly rises could be strong, keeping annual comparisons at uncomfortably high levels. However, the impact of rising...
Heavy Inflation Load!
Well after the US took sometime to gather pace last week giving the European Continent the spot to grab all the attention announcing their steady rates, on again INFALTION GAUGE! That leaves us with the three major banks on speculative hold due to rising inflationary threats!
Falling Business Confidence Puts RBA on Awkward Footing
Australian businesses were at their most pessimistic in April since September 2001 according to National Australia Bank, whose confidence index dropped to -8 following last month's reading at -4. A negative reading signals more survey respondents expect their prospects to deteriorate versus improve in the near term. The result supports...
Dollar Firms Up In Asian Trading
There is no real change in Japan's slowdown according to the Eco Watcher's Survey which reflects the sentiment of 'on the street' service providers such as taxi drivers, hairdressers and local food vendors. The decline in the headline numbers has been consistent and reflects the growing lack of consumer confidence...
Asia Session Recap
The beginning of the trade week in Asia brings some talk of the US Dollar being oversold, thus the dollar strength that we are seeing at play tonight. As well, we see futures traders betting there is an 82% chance that the Fed is done with its cutting cycle, while...
Newsfeed display by CaRP