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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
FX Technical Analysis
EURUSD Comment: Going nowhere, no doubt leaving the very many Euro-sellers frustrated. This chart has a potential 'rounded bottom' forming, and needs a close above the 26-day moving average at the very least to turn momentum bullish. We continue to watch for signs of forming an important long term interim...
Forex Technical Analytics
The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account...
Technical Analysis for Major Currencies
The pair approached the main target at 1.3525 to return and fluctuate around MA 50. Stochastic entered overbought areas; therefore we expect a bearish intraday direction that targets 1.3525 and then will attempt to breach it and head towards 1.3430. It is vital that trading remain below 1.3685 to maintain...
Technical Analysis for Crosses
Once more, a new attempt to stabilize above the key levels of 0.9070, which have turned into a support during the Asian session, confirming that the harmonic CD leg of our suggested harmonic formation is still in progress. The PRZ might be completed around 0.9290 zones. Accordingly, an upside move...
Daily Technical Outlook
Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro's recovery is limited, facing intra-day resistance around 1.3610. In case of a rally, 1.3690/00 is the key barrier to watch, as a short-term range breakout confirmation would be provided on a sustained break...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
Euro And Sterling Continue To Fight An Uphill Battle
There was again no hard fresh news to guide the price action in the major currency cross rate. Nevertheless, concerns on the budgetary situation in Europe and the UK (reinforced by comments from rating agency Fitch) continue to weigh on the euro and sterling. The dollar remains well bid, 'by...
Fed President Evans Says Extended Pperiod Means 3-4 Policy Meetings!
Yesterday was a light day in terms of financial data with no major economic reports released from the US. Overall the USD traded weaker, equity markets almost unchanged and commodities such as OIL and Gold closed at $81 and $1115. Fed President Evans was in the spot light and was...
Risk Still Undecided....Most Currencies Range-Bound In Asia
It was another session with very little in the way of data releases to latch on to, so markets were left range-bound again overnight. A general mood of 'risk off' permeated through markets for most of the early session, with the JPY and USD benefitting the most. GBP was hammered...
Asia Session Recap
The much hyped Chinese trade balance data failed to ignite any dynamic moves as currency pairs in Asia remained confined to ranges once again. Chinese trade balance data that many had assumed would instigate moves in risk today failed to do so as it came in on target at 7.6B,...
Asian Market Update
European majors traded predominantly sideways, consolidating early US session losses after renewed sovereign debt concerns followed overnight warning by Fitch. EUR/USD ranged in 13590-3610 band, while Sterling traded between 1.4960 and 1.5010. Commodity FX of Australian and New Zealand were modestly higher, testing session's best levels after China trade data....
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
FX Technical Analysis
EURUSD Comment: Going nowhere, no doubt leaving the very many Euro-sellers frustrated. This chart has a potential 'rounded bottom' forming, and needs a close above the 26-day moving average at the very least to turn momentum bullish. We continue to watch for signs of forming an important long term interim...
Forex Technical Analytics
The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account...
Technical Analysis for Major Currencies
The pair approached the main target at 1.3525 to return and fluctuate around MA 50. Stochastic entered overbought areas; therefore we expect a bearish intraday direction that targets 1.3525 and then will attempt to breach it and head towards 1.3430. It is vital that trading remain below 1.3685 to maintain...
Technical Analysis for Crosses
Once more, a new attempt to stabilize above the key levels of 0.9070, which have turned into a support during the Asian session, confirming that the harmonic CD leg of our suggested harmonic formation is still in progress. The PRZ might be completed around 0.9290 zones. Accordingly, an upside move...
Daily Technical Outlook
Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro's recovery is limited, facing intra-day resistance around 1.3610. In case of a rally, 1.3690/00 is the key barrier to watch, as a short-term range breakout confirmation would be provided on a sustained break...
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
Euro And Sterling Continue To Fight An Uphill Battle
There was again no hard fresh news to guide the price action in the major currency cross rate. Nevertheless, concerns on the budgetary situation in Europe and the UK (reinforced by comments from rating agency Fitch) continue to weigh on the euro and sterling. The dollar remains well bid, 'by...
Fed President Evans Says Extended Pperiod Means 3-4 Policy Meetings!
Yesterday was a light day in terms of financial data with no major economic reports released from the US. Overall the USD traded weaker, equity markets almost unchanged and commodities such as OIL and Gold closed at $81 and $1115. Fed President Evans was in the spot light and was...
Risk Still Undecided....Most Currencies Range-Bound In Asia
It was another session with very little in the way of data releases to latch on to, so markets were left range-bound again overnight. A general mood of 'risk off' permeated through markets for most of the early session, with the JPY and USD benefitting the most. GBP was hammered...
Asia Session Recap
The much hyped Chinese trade balance data failed to ignite any dynamic moves as currency pairs in Asia remained confined to ranges once again. Chinese trade balance data that many had assumed would instigate moves in risk today failed to do so as it came in on target at 7.6B,...
Asian Market Update
European majors traded predominantly sideways, consolidating early US session losses after renewed sovereign debt concerns followed overnight warning by Fitch. EUR/USD ranged in 13590-3610 band, while Sterling traded between 1.4960 and 1.5010. Commodity FX of Australian and New Zealand were modestly higher, testing session's best levels after China trade data....
Newsfeed display by CaRP