What is forex Trading?
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for thetrading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world
The currency on the left is called the BASE Currency and the one on the right is called the QUOTED Currency.
what is buy and sell in forex
All currencies are quoted in currency pairs. When a trade is made in forex, it has two sides - someone is buying one currency in the pair, while another individual isselling the other.The exchange rate describes the price for which the currency of a country can be exchanged for another country's currencyTechnical Analysis Chart Formation
Chart Formations
Trendlines
Inclining Trendline
A straight line usually drawn to define an uptrend against or through price bar lows.
Declining Trendline
A straight line usually drawn to define a downtrend against or through price bar highs.
Support
A horizontal floor where interest in buying a commodity is strong enough to overcome the pressure to sell. Therefore a decrease in price is reversed and prices rise once again. Typically, support can be identified on a chart by a previous set of lows.
Resistance
A horizontal ceiling where the pressure to sell is greater than the pressure to buy. Therefore, an increase in price is reversed and prices revert downward. Typically resistance can be located on a chart by a previous set of highs.
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