The term “to quote” is most likely to have come from the French verb "coter" which means to mark/label with numbers. The quote is the value of one currency unit denominated in terms of another currency.For example, the EUR/USD rate is 1.275...
Point (pip) is the smallest change in the currency price in the last digit of a quote (i.e. the last digit of a decimal).
The charts of any currency price movement with any units of time measurement form periodical and identical patterns of different type. Some of these figures are always formed on the charts before the trend ends, when the operation volume in...
Simple moving average can be transformed into a new tool - moving average envelopes. This tool, like the [[Bollinger bands|Bollinger bands]], is used for the detection of the current price movement boundaries. FormulaThe indicator consists...
The trading operations on Forex are carried out not only against the US dollar. We intentionally have not touched on these operations until now to make the content more intelligible. The currency rates, which do not include the US dollar, a...
As we have already found out from previous chapters, the currency price is determined by a great variety of factors, such as: economic, political and some others. All listed factors concerning each country separately influence its national...
