What is Overnight Position in Forex Trading?
The overnight position is a trading position that stays open until the next trading day. Trading positions are not closed by the trader at the end of the trading day, which is common in futures markets and foreign exchange markets. To maintain overnight position, usually, forex traders generally take risk, leverage changes, strategy and cost […]
What is Outright Forward in Forex Trading?
It is a foreign exchange currency contract that locks in the interchange rate and delivery date elsewhere the spot value date. It is the modest kind of outright forward contract that protect an importer, investor and exporter from exchange rate variation. The currency forward contract defines the rate, terms and delivery date of the interchange […]
What is OsMA in Forex Trading?
The OsMA is an abbreviation used for term oscillator of moving average. It is technical indicators that measure the variance between the moving average and an oscillator during a given period. The most common oscillator is Moving Average Convergence Divergence (MACD) that is used in OsMA indicator. The formula for the oscillator of moving average […]
What is Oscillator in Forex Trading?
It is a technical analysis indicator that varies between two set values and then shapes a trend gauge that runs between these bounds. Traders used oscillator indicator to determine short term oversold or overbought conditions. When trend indicator approaches the extreme upper value, analysts interpret that asset is overbought, and as it comes the lower […]
What is Organization of the Petroleum Exporting Countries (OPEC) in Forex Trading?
It is an intergovernmental organization of 13 countries founded on 14th September 1960 in Baghdad by first five members including Saudi Arabia, Kuwait, Iran, Iraq and Venezuela. As of January 2020, Organization of the Petroleum Exporting Countries (OPEC) has 13 member countries seven in Africa, five in the Middle East and one in South America. […]
What is Order Book in Forex Trading?
The order book is an electronic list that a trading venue uses to record buy and sell orders for financial instrument or specific security organized by price level. An order book grades the number of shares being offered at market depth. It also classifies the market contributors behind the buy and sells orders, though some […]