Glossary

C

CFD

A financial instrument allowing to profit off price change of an asset without holding it. Buying CFD, you buy price to an instrument, but not the instrument itself. Basic assets are shares, commodities, futures, indices.

CHART

A graphic representation of a trading instrument price over the past trading period and current price. On Forex usually use a japan candlesticks chart view.

CLEARANCE

Crossing of resistance or support level by the price.

CROSS CURRENCY

Relationship of two currencies to the third one, most often to the US dollar.

CURRENCY PAIR

A financial instrument in the Forex market. A currency pair consists of the base and counter currency. Main or major currency pairs on Forex: EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, AUDUSD, NZDUSD.