What is Mozambique Meticais in Forex Trading?
The meticais or metical is an official currency of Mozambique with currency code MZN and symbol MT or MTn. It is subdivided into 100 centavos. The name metical is derived from an Arabic word mithqal that was used in Africa until the 19th century. Mozambique Meticais was introduced on 16th June 1980 by replacing the […]
What is Moving Average (MA) in Forex Trading?
A moving average is a technical indicator that supports smooth out price action by filtering out the noise from casual short term price variation. Because of its simplicity, the moving average is extremely common among forex traders. It is a lagging indicator because it created on past prices. The most shared application of moving average […]
What is Mortgage-backed Securities in Forex Trading?
Mortgage-backed Securities is home mortgage credited from the banks. It is similar to bond investment because investor obtains payments alike to bond coupon payments. In Mortgage-backed Securities, the bank act as a middleman between the investment industry and homebuyer. Bank grant home loan payment to its customers and then sell them on reduction for inclusion […]
What is Morocco Dirhams in Forex Trading?
Morocco Dirham is an official currency of Morocco with currency code MAD and symbol DH. The central bank of Morocco, Bank Al-Maghrib, is a government body for issuance of money. Currency is subdivided into 100 centimes. From the 8th to 10th century, Idrissid dirham was legal tender in Morocco under Idrissid dynasty. In 1912, Morocco […]
What is Morning Star in Forex Trading?
It is three candlestick pattern signifies a bullish reversal. It is formed during a downtrend where bears begin to give way to bulls. The pattern in a downtrend is made up of three candlesticks, a long bearish candle, middle, a bearish or bullish Doji or short bullish candle and third followed by a long bullish […]
What is Moon in Forex Trading?
The term Moon is used to define a cryptocurrency that is under extreme rising market trend. Another public use of the expression is that price of cryptocurrency coin one day will go to the Moon. Just like other fields, the cryptocurrency industry has yielded too many slangs and memes among traders and investors. The traders […]