Executable Streaming Prices
In ESP mode, transactions are executed with just one click. This is the most competitive form of trading since there is no slippage. The customer clicks on the buy or sell price and the transaction is immediately processed.
Exit Trade
Ending trading activity by closing a position.
Exotic Currency
An exotic is a currency pair in which one currency is the USD and the other is a currency from a smaller country such as the Polish Zloty. There are approximately 25 exotics that can be traded.
Expert Advisor
The expert adviser is an add-on in our trading software called Metatrader 4. It follows algorithmic trading rules and enters a trade automatically once certain conditions are met.
Exponential Moving Average
In the technical analysis, an exponential moving average (EMA) is a trend indicator that is identical to the Simple Moving Average with the only difference that it gives more weight to the most recent prices. In the forex trading, the 100 & 200 periods EMA’s are broadly used by traders to identify the market trends.
Fade the market:
Trading strategy which consists in betting against the forex trend. Fading the currency exchange market is similar to short-term scalping. This technique carries a high degree of risk.
Fakeouts
Fictitious breakouts. These happen when the price breaks a support or resistance level but turns back to its previous direction right after.
Fiat Currency
Fiat currency refers to a legal tender currency which is issued by the government but has not been backed by any physical commodity. The exchange rate of fiat money depends on the demand and supply factor. E.g. better economic conditions will lead towards stronger currency in the market.
Fibonacci
Considered by us as the most popular technical indicator in Forex. It indicates changes in the balance of power between the sellers and buyers. With the help of Fibonacci ratios you can foresee whether the market will be bullish or bearish. Remarkable pivots are 38.2%, 50% and 61.8%.
Financial Instrument
In finance, financial instruments are the assets that have monetary value and can be traded. For example, checks, bonds, and bills of exchange. However, in the world of forex, the financial derivatives such as future contracts and options are known as the top financial instruments.