Forex is a commonly used abbreviation for "foreign exchange," and it is typically used to describe trading in the foreign exchange market by investors and speculators. For example, imagine a situation where the U.S. dollar is expected to weaken in…
P/L is your Profit or Loss in Pips. Gross P/L is your Profit or Loss in your base currency. Net P/L is your Gross P/L with commissions and interest. Day P/L is your Profit or Loss in your base currency…
The example below shows how to calculate the value of 1 Pip for one 10K lot of EUR/USD where the base currency of the account is USD: Start with 10,000. Multiply 10,000 by .0001 since 1/10,000th is a pip for…
To see the margin requirement for a specific trade, it is best to use Trading Station. Click “Entry” at the top of the platform and adjust the amount (K) to your preferred trade size. The “USD MR” number will display…
RSI – “Relative Strength Index” This shows the price strength by comparing upward and downward close-to-close movements. RSI will grade the price movement exhibited between candles for the last N periods. MACD – “Moving average Convergence/Divergence” A trend-following momentum indicator…
MVA – “Simple Moving Average” This moving average gives you the average price for the last N periods. This can show the distance that current price action is away from the average price over those last N periods. EMA –…
Support and Resistance indicators include: Pivot – “Pivot Levels” The indicator shows pivot point and the last period levels. This can show areas where these is possible support or resistance. BB – “Bollinger Band” This provides a relative definition of…
The following indicators can show the trend: HA – “Heikin-Ashi” This indicator helps to identify trends and trend changes more easily. Heiken-Ashi modifies the traditional Japanese Candlestick by sending the open and close values of a trade through a calculation…
The following indicators are used to view trend strength: ADX – “Average Directional Index” This indicator determines the strength of a prevailing trend. It is important to note it provides a reading for strength of a trend, but does not…