Search results (19)
Japanese candlesticks (I)
Forex education
Where do Japanese candlesticks come from? Candlestick charts are thought to have been developed by Munehisa Homma, a Japanese rice trader. He developed a method of analyzing the futures market to predict the prices of rice contracts. This m...
Japanese candlesticks (II)
Forex education
We will consider a number of patterns which comprise of two or more Japanese candlesticks. It should be noted, that they are of limited use on Forex as they presuppose that the closing price of the prior trading period and the opening price...
Candlestick shadow
Forex education
The distance between the candlestick body and the maximum day price in the form of a vertical line is called the candlestick upper shadow (uwakage). The distance between the candlestick body and the minimum price is also depicted as a line...
Server crash/connection issues
Technical questions
1. If the server error occurred due to the company’s fault and you sustained losses due to the error, you have the right to send a complaint to the company. Complaints are accepted within two working days from the moment when the case occur...
Tick
Forex education
Tick is a minimum value of a price change. At present, depending on the security type and cost, the tick can amount to 1/16, 1/32, 1/64 of the USD, etc., although the decimalization is expected in the future when the tick will be 1/100 of t...
Pip value for gold
Trading conditions
The pip value for GOLD is calculated by the trading volume.Therefore, the pip value will be equal to $1 in the trade of 1 lot; while in the trade of 10 lots 1 pip will be equal to $10, etc.* The tick size for #GOLD is 10 pips....
Non-market quote
Forex education
Non-market quote is the price level inside the gap. It represents several price ticks of similar value which form a price gap. It is directly related to the quotes that appear due to the price noise. This price level occurs aimid the lack o...
Stop Loss order
Forex education
Stop loss, or safety order, is an order placed with a broker to automatically close a position when the price reaches a certain level. You can set the safety order to minimize losses in case of unexpected market moves.Stop loss is an order...
Pipsing
Forex education
This trading approach is used for gaining profit from intraday currency fluctuations. Some traders open more than 200 deals a day while holding a position open for just several minutes. Of course, the profit from each position is rather sma...
Pullback trading
Forex education
As a rule, market participants are divided into several groups, each of them prefer their own trading methods. It is hard to say what is the exact ratio of supporters of various methods. However, we tend to think that most traders stick to...