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 ...
Get Forex DeMYSTiFieD: A Self-Teaching Guide now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
