Forex Terminology

What Is a Doji Candlestick and What Does It Mean?
Forex Terminology

What Is a Doji Candlestick and What Does It Mean?

A doji is a candlestick where the open price and close price are almost the same, so the candle has little or no body. It looks like a plus sign or a cross on the chart. A doji means buyers and sellers fought to a draw during that time period.

FX FAQs
Aug 13
What Is a Good Risk-Reward Ratio in Forex Trading?
Forex Terminology

What Is a Good Risk-Reward Ratio in Forex Trading?

A good risk-reward ratio in forex trading is generally considered to be 1:2 or higher, meaning you aim to make at least twice what you're willing to lose on a trade. If you risk 20 pips, you'd target a 40-pip profit. This isn&

FX FAQs
Aug 11
What Is Support and Resistance in Forex Trading?
Forex Terminology

What Is Support and Resistance in Forex Trading?

Support and resistance are price levels where a currency pair tends to stop and reverse, or at least pause. Support is a level below the current price where buying pressure has historically stepped in, stopping a fall. Resistance is a level above the current price where selling pressure has historically

FX FAQs
Aug 11
What Is a Candlestick?
Forex Terminology

What Is a Candlestick?

A candlestick is a small chart symbol that shows how a currency pair's price moved during a set period of time, like one hour or one day. It shows four numbers at once: the opening price, the closing price, the highest price, and the lowest price. Traders use

FX FAQs
Aug 11
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