Article: Forex Glossary
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Forex Glossary
Here are some of the most common terms used in FOREX trading.
Ask Price ? Sometimes called the Offer Price, this is the market price for traders to buy currencies. Ask Prices are shown on the right side of a quote ? e.g. EUR/USD 1.1965 / 68 ? means that one euro can be bought for 1.1968 UD dollars.
Bar Chart ? A type of chart used in Technical Analysis. Each time division on the chart is displayed as a vertical bar which show the following information ? the top of the bar is the high price, the bottom of the bar is the low price, the horizontal line on the left of the bar shows the opening price and the horizontal line on the right of bar shows the closing price.
Base Currency ? is the first currency in a currency pair. A quote shows how much th...
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