What is entry order in Forex Trading?
An entry order is one that is used to enter a trade at a specified price level. If the currency pair never reaches that price level then the entry order is not executed. There are three types of entry orders: A market order allows the trader to buy or sell at the best current price
What is Engulfing pattern in Forex Trading?
Engulfing pattern is a kind of bullish or bearish pattern which mostly appears at the end of an uptrend bearish engulfing pattern or downtrend bullish engulfing pattern. The first candlestick is characterized by a small body and then it is followed by a candle whose body completely engulfs the previous candle’s body.
What is EOD in Forex Trading?
EOD is a kind of trade who buys or sells at the end of trading day. This is the reason it is called End of day order.
What is Federal Reserve in Forex Trading?
The Federal Reserve also know as Fed is very influential organization based in the United States. The main aim of creating this organization was to monitor and maintain the supply of United States dollar within the country. Federal Reserve was created by Congress in 1913 through a legislation. The Fed consists of Washington D.C.-based Board […]
What is Federal Open Market Committee (FOMC) in Forex Trading?
The Federal Open Market Committee (FOMC) is the main team behind the United States ‘s Federal Reserve that is controlling cash supply of the country by using the open market operations. Birth The FOMC was founded in the year 1913 when the Federal Reserve Act of 1913 provided the Fed duty over the oil policies […]
What is federal funds rate in Forex Trading?
The federal funds rate is the rate at which depository institutions (banks) lend reserve balances to other banks on an overnight basis. Reserves are excess balances held at the Federal Reserve to maintain reserve requirements. The fed funds rate is one of the most important interest rates in the U.S. economy since it affects monetary […]