Forex Words

When we speak about forex, there are many words which is important to know. Here are some words that forex trader usually use :

• High : The record for the highest opening (open) to the end (closing) period. (example: the chart period / timeframe of 5 minutes, then the highest price during the 5 minutes it is a high price)
• Low : Records Lowest Price of the opening (open) to the end (closing) period. (example: the chart period / daily timeframe, the lowest price that occurred during the day it is a low price)
• Open: for the opening period. (example: the chart period / timeframe of 5 minutes, the price starts at a price of 2.0000. then open price in the range of 5 minutes it was 2.0000)
• Close: The closing price period. (example: the chart period / timeframe of 5 minutes in the example above ends with the price of 2.0050. then close price in the range of 5 minutes is 2.0050)
• Long position or  open Buy is the position in which a trader buys a currency at a specified price and aims to sell it later at a more tinggi.Jadi investor to benefit from a rising market (graph pair up). Suppose you buy in a position to sell at 1.1500 then 1.1525 then you will benefit as many as 25 points / pips.
• Long position or  open Buy is expecting prices of currency pairs (pair) in order to profit Up. (Graph pair up) Example: Long (BUY) EUR / USD chart then you expect EUR / USD is UP or euro strengthened against the USD.
• The rise in the price of a pair you can also interpret the currency pair is in front currencies strengthened against the rear pair. Example: Graphs price Pair eur / usd will mean RIDE euro strengthened against the usd.
• The price used to Open BUY / LONG is the purchase price (ASK) and the prices used when you close / liquid is selling price (BID). When we open Buy (Long) with ASK, theBID price of the table should be HIGHER than for ASK (Buy position open price) in order to gain profit.
• For ease, LONG position often abbreviated to BUY
• SELL position  or open SHORT is the position in which the trader sells a currency at a specified price and aims to buy later at a lower. So the investor to benefit from a down market (graph pair down).
• SELL position  or open SHORT is expecting prices of currency pairs (pair) in order to profit DOWN. Example: Short (SELL) EUR / USD then you expect the graph EUR / USD is DOWN or the euro weakened against the USD.
• The fall in the price of a pair you can also interpret the currency pair weakened in FRONTof the currency pair behind it. Example: Graphs price Pair eur / usd euro weakenedDOWN it means to usd.
• The price used to OPEN SELL / SHORT is the selling price (BID) and the prices used when you close / liquid is the purchase price (ASK).
• If we are Selling (Long) with Bid, Ask Price at the table then the price should be LOWER than Price Bid (the open position) in order to get profit
• For ease,SHORT position often abbreviated to SELL

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