TRADER’S DICTIONARY

TRADER’S DICTIONARY

Today we are going to explain some basic trading concepts to make life easier for beginners.

So:
A currency pair is a chart that shows the relationship of the value of two currencies to each other.

A timeframe is a time interval in which chart changes are displayed.

Support is the lower level on the chart from which the price starts to rise.

Resistance is the “ceiling” against which the rising price will stop if it cannot overcome this level. After reaching the support level, the price falls again.

The indicator is an application based on a mathematical formula used to predict price movements in the market.

Keep it for yourself to avoid losing it.