What Is A Japanese Candlestick Chart?
The Japanese version of price charting uses a shape similar to a candlestick as a visual representation. The Japanese candlestick method of visualising charts is one of, if not the, most popular metho...
What is a bar chart?
A bar chart contains much more data than a simple line chart. You can see if an asset has risen or fallen in value between open and close. The length of the 'bar' tells you whether the value of the as...
What does going long and short mean?
When trading in the financial markets, people buy and sell assets such as currencies, commodities and stocks by “going long” or “going short” on them. Going long is a popular industry term used to des...
What does a trading strategy consist of?
Now that we know what a trading strategy is based on, we need to know what it consists of. A typical trading strategy or system is based on three key decisions for any given trade: The precise en...
What Are Major Currency Pairs?
In Forex you exchange one currency for another with the intention of making a profit. The seven most traded currency pairs in forex are called the Majors. They are: The Euro / US Dollar The ...
What Are Exotics?
Exotics are a currency pair group that consist of a currency from an emerging economy or a currency from a small country with a small developing economy. Examples would include Euro Turkish Lira (EURT...