forex-Studie material

slang for the British Pound. Nonfarm payrolls - number of employees on the payroll (excluding agricultural sector). Transaction Date - the date of currency transaction operation. Flat - is a price which moves with no rises or falls. High/Low - respectively, the highest and the lowest currency prices during the current trading day. Position - a number of opened "long" and "short" positions held by a trader.

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Swissy - dealers slang for Swiss Franc. Gap - is a break on the price chart of technical analysis which is caused by the difference in opening price of a new day and the closing price the day before. Trailing-stop - order to minimize losses. Currency Symbols - letter symbols to indicate currency. Chartist - a trader who uses charts and technical analysis indicators as tools to forecast market price movements. Value Date - the date when transaction terms are implemented. Chart - price chart, displaying changes in price over time. Additionally, it includes a section about technical and fundamental analysis, which is an essential trading part and is definitely needed for a good trading strategy. Hedgeable - characteristic of a transaction when risk of changes in currency rate can be covered by hedging. Direct" - amount of foreign currency required to buy a unit of national currency.

Flag - is a pattern on a technical analysis chart indicating situation when currency price goes up significantly, and after that moves in a narrow range for some time, and then falls rapidly. Pips/Points - minimum movement in a currency price. Resistance Level - a horizontal or inclined price level on the chart; upper limit of price fluctuation.