Learning the Language of FOREX

You have read a brief history of currency trading, why investors find it an attractive market to trade in, the various FOREX markets and something of the rather complex regulatory scene here. After learning the history, you are ready to start learn the mechanics of trading. As in any complex endeavor, the FOREX markets have their own language, terms, and abbreviations. You, the novice trader, must thoroughly comprehend many of them before making your first trade.

As your eighth-grade English teacher taught you in vocabulary classâ
By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2016. Content published with author's permission.

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