100 series
Forex is a _____ _____ dollar market
7.3 trillion dollar market
What is 0.01
10 cent
What does SL stand for
Stop loss
what is balance ?
How much money you have in your account
what is a bullish trend ?
upward trend for buy
what does pips stand for
point in percentage
what is 0.15
1.15
what is breakeven
its a risk free trade
What is Equity ?
The balance of your account plus the amount from ongoing trades. If you have $100 in your account but your trades are up $50 your equity is $150 . Same as it were negative
what is a bearish trend ?
Downward market structure ( such as M ) going into sell
Low, High
what is 1.58
15 dollars and 80 cent
What is Entry point
Its where you enter the market
What is Margin level ?
ratio of your equity to the used margin ( the lower the percentage is , the more likely you are to blow an account )
Taking partials
Taking partials is for anyone using a 0.02 and higher. For an example, If the trade you’re in went up 10 pips on a 0.05 lot size youre up $5 . if you wanted to secure a portion of this profit you would close the trade with a 0.01-0.04 leaving at least 0.01 running
What time do the London session began
3, 4 am
If you used a 1.00 lot size and You went up 25 pips how much money would you have made ?
250
What does Market execution mean ?
it means to enter the trade at that very moment
What is Free margin ?
How much money you have available for other trades
open stoploss
When you do not set a stop loss and you have to close the trade manually to limit the loses
When do the market open, when do it close
open Sunday at pm, close on Friday 5 pm
How much money did you lose if you used a 0.01 and went down 500 pips
50 dollars
What is a buy limit
Order placed below the price and you expect it to go up afterwards
What is Margin?
Margin - Money set aside for trades you're in