Basics
What does Forex stand for?
Foreign Exchange Market
What are the 4 types of traders
Scalper, Day, Swing And Position
How many types analysis are there?
3
An analysis of price going up.
Bullish, Buy or Long
An analysis of price going down.
Bearish, Sell or Short
What can be traded in the market?
Currency Pairs and Commodes
Holding trade for up t 24 hours.
Day
What are the 3 types of analysis?
Fundamental, Technical and Sentimental
A bearish trend that consist of lower highs and lower lows.
Downtrend
A bullish trend that consist of higher highs and lowers highs.
Uptrend
People who make money for personal gain.
Retail Trader
Holding trades for less than a hour
Scalper
The study of price action and market structure to form a prediction of where the market will head.
Technical Analysis
A sharp movement above or below the support and resistance area.
Breakout
Occurs when price moves out of support or resistance only to return.
Fakeout
When is the Forex market opened?
24/5 or weekdays for 24hours a day
Holding trades for days to weeks
Swing
How everyone feels in term of the market or what a currency pair is doing.
Sentimental Analysis
An extended range where price is between two levels moving sideways showing no trend.
Consolidation
High value of trade opportunities.
Volatility
How much is the Forex market worth?
6 Trillion
Holdng trades for weeks to months
Position
Th assessment of news, outside influences, external events, political forces or data that can influence a country's economy and effect future price movement.
Fundamental Analysis
The price movement of past and present.
Price Action
An occurrence in the market when price skips from one point to another leaving a gap in price within the market.
Market Gap