Important Terms in Forex Trading
Important Terms in Forex Trading The Forex industry uses a lot of forex-specific vocabulary. To help you out, we’ve compiled a few terms that are the most common or are the most important to know when getting involved in Forex. Bearish or Bear Market: When there is an expectation that the market will go down, and the price will decrease. For example, saying “USD/JPY is bearish” means you expect that the dollar to become weaker against the yen. Bullish or Bull Market The opposite of a bearish market. A Bull market is where there is an expectation that the market will go up. For example, saying “gold will trend bullish” means you expect that the price of gold will rise. Clearing The process of settling a trade. Often used with day trading when positions are closed at the end of the day. The word ‘closed’ is used for the trades that are closed throughout the day. For example, “I’ve cleared all my trades” compared to “I’ve closed my buy on swissie.”...