Break-even
The break-even point is the price at which you have neither achieved a profit nor suffered a loss.
Breakout
A breakout happens when the price bursts out of a congestion pattern such as a trading range, flag or pennant, or goes through some other support or resistance level. Oftentimes, the term “breakout” is used to describe upward movements, while “breakdown” is used to describe downward breakouts.
Broker
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. Because securities exchanges only accept orders from individuals or firms who are members of that exchange, individual traders and investors need the services of exchange members. Brokers provide that service and are compensated in various ways, […]
Brokerage
It is the fee or commission paid to a broker for the services rendered. The amount of the brokerage is usually proportionate to the deals’ value.
Bull Market
An optimistic market characterized by rising prices. In a bull market there are more buyers than sellers.
Buy Limit
A buy limit order is a type of pending order that allows a trader to put instructions in the trading software (MT4) in order to purchase a security at a specified price. It’s placed below the CMP (current market price) if a trader expects that the price will bounce back after falling to a specific […]
Buy Stop
A buy stop order is a type of pending order that allows a trader to put instructions in the trading software (MT4), to purchase a security at a specified price. It’s placed above the CMP (current market price) if a trader expects that the price will soar further on the breakage of a certain level.
Cable
Cable is a slang term used by forex traders, particularly to refer the exchange rate of the GBP/USD currency pair. According to etymology, it roots to the 19th century when the large cable was used to transmit the exchange rates between USD and GBP across the Atlantic. Since then, the cable is used to refer […]
CAD
The Canadian dollar, also known as Loonie or Funds.
Candlestick Chart
The most popular chart used in Forex. It is a nicer, more graphical version of the bar chart. Built of candle shaped sticks. Green (or white) candles indicate uptrends and red (or black) candles represent downtrends. Each candle shows the open, close, high and low prices for the specific time frame.