November 2013
Beginner
336 pages
6h 32m
English
Content preview from Forex DeMYSTiFieD: A Self-Teaching Guide
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Glossary
200-day moving average
A technical analysis that uses the past 200 closing averages of an FX pair. The 200-day will show up on a bar chart as a smoothly flowing line indicating changes over time.
Automated take profit
The process of using the FX trading platform to automatically close out a trade at the exact moment a dollar or percentage gain is reached. It is used to allow traders to preprogram the profit points, thereby locking in gains even when they are not at their computers.
Bar chart
A graphic representation that shows the highs and lows of an FX pair. Each bar represents one time period, and that time period will change with the trader’s adjustment of the time frame of the chart. In other words, when a trader is using technical ...
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