A financial instrument, which shows the value of one currency unit in terms of another.
Parabolic Indicator
Parabolic indicator was developed to confirm or reject trend direction, to determine the emergence of the correction phase or sideways movement, as well as to determine possible closing points for positions. The underlying principle of the indicator can be described by the phrase “stop and reverse” (SAR).
Pennant
Pennant refers to short-term graphical price patterns of trend continuation, indicating that its direction will be unchanged in the near future. For example, on the daily chart the pattern is usually formed within a week or two.
Point or pip
The smallest possible change of quotation. As a rule, pip is equal to 0.0001 or 0.00001 for the majority of currency pairs, which are quoted to the fourth or fifth decimal point after the comma, but for JPY pairs it is 0.01 or 0.001 and is quoted to the second or third decimal point. For other financial instruments, the pip is usually equal from 0.1 to 0.001.
Portfolio Trading
The simultaneous purchase or sale of a basket of securities, combined in a portfolio based on some criteria.
Profit
A positive financial result from trading operations.
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