@og_kwaku22: #creatorsearchinsights ๐ TRADING TERMS & MEANINGS ๐ 1. PIP โ A unit used to measure price movement in Forex. 2. LOT SIZE โ The size/volume of your trade. 3. LEVERAGE โ Allows you to control a larger position with less capital, but it also increases risk. 4. SPREAD โ The difference between the BUY price and SELL price. 5. STOP LOSS (SL) โ An order used to limit your potential loss. 6. TAKE PROFIT (TP) โ An order that automatically closes your trade at your target profit level. 7. ENTRY โ The price where you open a trade. 8. EXIT โ The price where you close a trade. 9. BUY / LONG โ Entering a trade expecting price to go UP. 10. SELL / SHORT โ Entering a trade expecting price to go DOWN. 11. LIQUIDITY โ Areas where many orders are concentrated. 12. VOLATILITY โ How quickly and significantly price moves. 13. DRAWDOWN โ The decline in your account from a previous high. 14. RISK-TO-REWARD (R:R) โ The amount you risk compared with your potential profit. 15. MARGIN โ Funds required to open and maintain a leveraged position. 16. EQUITY โ Your balance plus or minus the profit/loss of open trades. 17. BULLISH โ Expecting price to move higher ๐ 18. BEARISH โ Expecting price to move lower ๐ 19. SUPPORT โ A price area where buying pressure may stop or slow a decline. 20. RESISTANCE โ A price area where selling pressure may stop or slow a rise. 21. BOS (BREAK OF STRUCTURE) โ When price breaks a significant previous high or low. 22. CHoCH (CHANGE OF CHARACTER) โ A potential sign that the current market direction may be changing. 23. HH (HIGHER HIGH) โ A new high above the previous significant high. 24. HL (HIGHER LOW) โ A low that is higher than the previous significant low. 25. LH (LOWER HIGH) โ A high that is lower than the previous significant high. 26. LL (LOWER LOW) โ A low below the previous significant low. 27. FOMO โ Fear Of Missing Out; entering a trade because you're afraid of missing the move. 28. REVENGE TRADING โ Taking impulsive trades to recover previous losses. 29. OVERTRADING โ Taking too many trades without quality setups. 30. TRADING PSYCHOLOGY โ Managing your emotions, discipline, patience, and decision-making while trading. ๐ SAVE THIS POST โ PART 1 Follow for more Forex education ๐ #Forex #ForexTrading #TradingTerms #LearnForex
