Double Top
Double Top is a technical analysis term and it refers to the chart pattern that resembles an “M”. It’s formed when the prices peak and drop consecutively from a particular level. The pattern is bearish in nature as it demonstrates the weakness in a buying trend and pre-indicates a potential selling trend in the market. […]
Dovish
Dovish refers to a tone in speech which demonstrates a particular action. Specifically, it’s associated with a situation where policy makers aim to increase the money supply by lowering the interest rates, the reserve rates, and/or expanding the open market operations. Consequently, a dovish tone used by a central bank weakens the currency.
Downtrend
A trend whose general direction is down. Also referred to as a bear trend.
Drawdown
Reduction in account equity from a trade or series of trades. An important indicator that allows you to measure the maximum risk of loss using a strategy and the ability to climb back up.
Dynamic Support
Dynamic support refers to the bottom barrier of a trend or a level at which a current downtrend is expected to stop as the price finds “support”, but this support is not static and keeps adjusting itself to fluctuations in the market. Trend indicators, including Moving averages, Bollinger bands, and Ichimoku are a few examples […]
Economic Calendar
An important feature of your trading platform. It presents a roundup of all significant economic announcements and releases, as well as other fundamental events taking place around the world which might impact on the market.
Elliot Wave
A common trading pattern. An identification of Elliot Wave allows the trader to predict trends with high probability. The pattern is built of 8 waves. The first 5 build one trend and the following 3 belong to an opposite trend.
Engulfing Bar
In the study of candlesticks, an engulfing bar is formed when a small candle is accompanied by a large candle in the opposite direction and it overshadows or engulfs the previous candle. It demonstrates the weakness in a trend and pre-indicates a potential reversal in the market. There are two types of engulfing bars: bullish […]
Enter Trade
Starting trading activity by opening a position (buying or selling a currency pair).
Exchange Rate
In the Forex market, an exchange rate refers to the rate at which one currency can be exchanged for another currency. For example, the $1.2300 exchange rate for the EUR/USD means that one has to pay 1.2300 dollars to purchase one Euro.