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Foreign exchange trading must learn the basic vocabulary knowledge

In th forexcashbackcalculator article, I focus on East forex cashbacktroducing some basic foreign cashbackforexbtc knowledge, the explanation of some terms of cashback forex seen in the transaction I believe that familiarity with the content of these transactions will be beneficial to your trading I. Straight and cross plate Straight plate refers to the ratio of non-U.S. currencies to the U.S. dollar currency Eastforexcashbacks, we mainly cross the straight currency pairs include: USD/JPY, EUR/USD, GBP/USD, USD/CHF, AUD/USD, AUD/CAD, etc. USD/USD, USD/CHF, AUD/USD, USD/CAD The crossover refers to the ratio between currencies other than the USD, such as EUR/JPY, EUR/GBP, GBP/JPY, EUR/AUD, etc. Second, long, short We often hear the long, short; Long, Short these pairs of terms belong to the basic foreign exchange knowledge, the first word is to buy a currency pair The latter refers to buying a currency pair of bearish contracts after buying a currency pair of call contracts, called the currency pair of long, after buying a currency pair of bearish contracts, called the currency pair of short For example, we often say: hold a long position in EUR / USD, that is, has previously bought the EUR / USD, is now in the holding state Three, position, close position Position, also called parts, the exact concept should be the market agreed contract application note: investors buy a long contract of the euro, said the investor holds a long position in the euro; if short a euro, said the investor holds a short position in the euro when the investor will hold the euro position sold back to the market, it is called "close position " Four, volatility, narrow fluctuations Volatility refers to the exchange rate over a period of time between the highest and lowest price range Narrow fluctuations: generally refers to a period of time the volatility of the exchange rate in 30 points or less Narrow fluctuations in the intrinsic meaning of the exchange rate in the short term in the brewing process, often just experienced a round of volatility relatively large movements, narrow fluctuations are in the next round of larger volatility movements to accumulate Five, support, resistance support, said a currency pair in the process of running down may encounter buying support price; resistance, is a currency pair in the process of rising may encounter selling suppression price support and resistance may be generated by the trend line, may also be generated by the percentage split, but also can be combined with a variety of analytical methods to infer the key support and resistance prices can often play a role in confirming the direction of the currency price run Six, breakthrough, false breakthrough often refers to the key support or resistance level to cross the trend, the rhythm of the next run of the exchange rate is indicative of the significance of the false breakthrough is: the exchange rate crossed the key support or resistance level, but soon returned to the price range before the breakthrough, and can indicate that the exchange rate will not continue to run in accordance with the instructions of the breakthrough seven, fundamental and technical aspects of our consensus is that the fundamentals Is the basic factors affecting the market trend, including economic, political, military and other data, but fundamental analysis in the judgment of the micro market is not good at technical analysis is through the study of past market patterns to summarize some technical indicators, with the help of these indicators to judge the market, in the micro judgment of the market point has a good role The forex knowledge introduced above is often encountered by investors in the daily, do Foreign exchange trading first of all to learn the basics of solid, I hope it will be useful to you!