What is "FOREX TERMINOLOGIES"? | Oluwatosin Ola posted on the topic | LinkedIn (2024)

Oluwatosin Ola

Forex Trader (MetaTrader 5) Pro & Financial Market Technical Analyst (Supply & Demand) | Fx Educator & Speaker (4+ years)| Founder @ H.E.AL | Co-founder @ Traders Villa

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Good day, today we will be looking at "FOREX TERMINOLOGIES", so let say you briefly understand what candlestick anatomy is, the "OHLC prices". Today we are supposed to talk about the patterns these candlesticks form in the market, that makes us as traders (especially candlesticks pattern traders like myself) generates quality signals to "long or short" a particular market.Calm down, Calm down, lol, I know some of you will say, what does he mean by "long or short" the market. Well, that brings us to "Forex terminologies".What's terminology, terminology is a group of specialized words that has respective meanings. For example you and your friends decide to use the word "Liwawa" for "come" or use the word "upstairs" for "brain", now let's use this terminology, you and your friends created to make a sentence or send message to each other without a neutral person understanding what you guys are trying to say. Alright, so you and friends, let's say five of you are friends in the same clique and you guys are at a function and you want to tell one of your friends to "come" and you say John "Liwawa", some persons will be looking like what did you just say but they will be surprise that John will be walking over to where you are, or kelvin walk up to you and john, and he says, hey guys, see that guy over there, something is wrong with his "upstairs" meaning something is wrong with his "brain". I hope that helps.Examples of forex terminologies in no particular order, we have "Long" = buy, "Short"= sell, "Bullish trend"= Upward trend, "Bearish trend"= downward trend, "Bulls"= Buyers, "Bears"=Sellers, "Tp"= Take Profit, "Sl"= stop loss, etc. There are so many others but as we move forward, I will let you know or better still you can ask me in the comment section any forex terminology you want me to talk about.Do enjoy the rest of your evening.

  • What is "FOREX TERMINOLOGIES"? | Oluwatosin Ola posted on the topic | LinkedIn (2)

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What is "FOREX TERMINOLOGIES"? | Oluwatosin Ola posted on the topic | LinkedIn (18)

What is "FOREX TERMINOLOGIES"? | Oluwatosin Ola posted on the topic | LinkedIn (19)

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