One of the biggest facts about the forex business is that you need to take nicely calculated risks under high pressure. Only then, you can expect to earn some profit out of it. For this, you need to possess a number of qualities and characteristics. One of them is understanding the most commonly prevailing UK forex trading terms. In this post I’ll describe some very common trading terms of the open source forex trading.
Equity Stop
This happens to be one of the simplest stops and the meaning is that the trader puts at stake only the pre-determined amount of their open source forex trading accounts.
Chart Stop
This name is most of the times used by the technical analysts for analysis. With such analysis, it is easy for them analyst to get thousands of potential stops as driven by the technical indicator signals or prime actions from the chart. The common chart stop is a high/low point. The analysts combine these points in PAMM service with a standard equity stop rules to create chart stops.
Volatility stops
Next the list of UK forex trading terms is volatility stop. This is actually a stop that exercises volatility instead of price action when setting the risk parameters. In case, the market is going towards the higher side, the traders can allow the position more space for risks. This is actually a good thing as it keeps the users immune from getting trapped by unnecessary intra-market "noise" as the prices fluctuate within broad ranges.
There is no doubt that money management plays a very crucial role in keeping a trader safe from any potential dangers which prevail there in abundance.
Equity Stop
This happens to be one of the simplest stops and the meaning is that the trader puts at stake only the pre-determined amount of their open source forex trading accounts.
Chart Stop
This name is most of the times used by the technical analysts for analysis. With such analysis, it is easy for them analyst to get thousands of potential stops as driven by the technical indicator signals or prime actions from the chart. The common chart stop is a high/low point. The analysts combine these points in PAMM service with a standard equity stop rules to create chart stops.
Volatility stops
Next the list of UK forex trading terms is volatility stop. This is actually a stop that exercises volatility instead of price action when setting the risk parameters. In case, the market is going towards the higher side, the traders can allow the position more space for risks. This is actually a good thing as it keeps the users immune from getting trapped by unnecessary intra-market "noise" as the prices fluctuate within broad ranges.
There is no doubt that money management plays a very crucial role in keeping a trader safe from any potential dangers which prevail there in abundance.