Search results
Results from the WOW.Com Content Network
A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. [1] The signal is generated either by a human analyst or an automated forex robot supplied to a subscriber of the forex signal service.
The exchange rate at which the transaction is done is called the spot exchange rate. As of 2010, the average daily turnover of global FX spot transactions reached nearly US$1.5 trillion, counting 37.4% of all foreign exchange transactions. [1] FX spot transactions increased by 38% to US$2.0 trillion from April 2010 to April 2013. [2]
Trading in the United States accounted for 19.4%, Singapore and Hong Kong account for 9.4% and 7.1%, respectively, and Japan accounted for 4.4%. [ 3 ] Turnover of exchange-traded foreign exchange futures and options was growing rapidly in 2004–2013, reaching $145 billion in April 2013 (double the turnover recorded in April 2007). [ 61 ]
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
A candlestick chart (also called Japanese candlestick chart or K-line) is a style of financial chart used to describe price movements of a security, derivative, or currency. While similar in appearance to a bar chart, each candlestick represents four important pieces of information for that day: open and close in the thick body, and high and ...
A chart from the MT4 trading screen The client terminal includes a built-in editor and compiler with access to a user contributed free library of software, articles and help. The software uses a proprietary scripting language, MQL4/MQL5, [ 13 ] [ 14 ] [ 15 ] which enables traders to develop Expert Advisors , custom indicators and scripts.
The CFTC found that currency traders at the five banks coordinated their trading with traders at other banks in order to manipulate the foreign exchange benchmark rates, including the 16:00 WM/Reuters rates. Currency traders at the banks used private chatrooms to communicate and plan their attempts to manipulate the foreign exchange benchmark ...
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]