Forex Jargon Dictionary

A

• Aussie ( kangaroo ) - the AUDUSD currency pair
• Austral - see aussie
• ATS - automated trading system, robot

B

• Bulls - buyers, traders opening buy positions (Buy)
• Buy (Buy) - to buy currency
• B/E , Breakeven - moving a position's stop-loss to the opening price level
• Sideways market - flat, absence of directional movement

V

• Weekly - charts with the W1 timeframe, weekly
• Entry - opening a position, the place on the chart where the order was opened

G

• Holy Grail - a loss-free trading strategy / EA that lets you turn $100 into a hundred thousand million. Every beginner's dream.
• Gap - a price gap. More details here

D

• Daily - see daily charts
• Demo , demo account - a demonstration account with virtual money
• Depo - the deposit in a trading account
• Long position - buys
• Daily charts - daily charts. D1 timeframe
• Pyramiding - opening an additional order / orders in the direction of an existing position
• Day trading - trading within the day. On timeframes from M1 to H4.
• Diver - a divergence signal on the chart
• Uncle Kolya - see Kolyan

E

• Eva , euro , eurobuck - the EURUSD currency pair
• Jewess - the EURJPY currency pair
• ECB - the European Central Bank
• Hedgehog - the EURJPY currency pair

Z

• Lock - two identical positions in different directions on one instrument
• To salt - to enter sells

I

• Indyuk - an indicator in technical analysis
• Intraday - see day trading

K

• Cable - the GBPUSD currency pair
• Cad, Canadian - the USDCAD currency pair
• Kangaroo - see aussie
• Kiwi - the NZDUSD currency pair
• Short position - sells
• Kolyan (Nikolai Morzhov) - margin call, more details here
• Crosses - cross rates, currency pairs without the US dollar (USD)
• Kitchen - a dishonest Forex broker
• Puppet master - see Market Maker
• Kysh - the RSI indicator

L

• Limit order - a pending Buy Limit or Sell Limit order
• Knife / sword catching - attempts to buy at the market bottom and sell at the top
• Long - a buy position
• Moose - a Stop Loss order, a loss on a trade
• Lock - see Lock
• Loonie - the USDCAD currency pair
• To gamble-trade - to trade for pleasure
• Skis - the Rails pattern

M

• Macdac , macdi - the MACD indicator
• Majors - the main currency pairs, more details here
• Monthly - charts with the MN timeframe (monthly)
• Market Maker (sometimes called MM) - large players in the Forex market
• Monkey - an EA using the Martingale principle
• Masha - the moving average indicator
• Minute chart - a chart with the M1 timeframe
• Moving - see Masha
• Flyswatter - the Myfxbook monitoring service
• MM - money management, capital management .
• Walrus - see Kolyan
• Bears - sellers, traders opening sell positions (Sell)
• MT - the Metatrader terminal
• MTS - a mechanical trading system (not requiring reasoning)

O

• Pullback - a bribe to the broker, a corrective price move toward previous values
• Pending order , pending - a pending order

P

• PA - the Price Action method
• Pip - 1 point of price movement
• Pipsing - trading with a very small take-profit (up to 10 points)
• Pindosy - Americans
• Saw - sideways, zigzag movement
• Drawdown - a loss on the account / position
• Profit - profit
• Pose - a trading position
• To catch a moose - to take a loss on a trade
• Ceiling - the overbought level
• Floor - the oversold level

R

• Rally - a strong trend
• Real - a real account, with real money
• Redhead - gold (XAUUSD)

S

• North , movement north - the upper area of the price chart, a bullish trend
• Scalping - trading with small targets (usually no more than 20 points)
• Sell (Sell) - to sell currency, a sell trade
• To sit on the fence - not to enter trades, to watch the market
• Smart money - see Market Maker
• To blow an account , blowout - to lose
• Owl - an expert advisor, a trading robot
• Salting - see to salt
• Statement - a report from a trading account

T

• Trail - trailing stop
• Trade - a trading position, its result
• Trend - directional price movement
• TS - trading strategy

F

• Flat - a calm market without strong trends
• Stock market - the stock market
• Forex - the Forex currency market
• Fooey - the GBPJPY currency pair

Ts

• Cent account - a cent account

Ch

• Hourly chart - a chart with the H1 timeframe
• Chief - the USDCHF currency pair
• Gut feeling - intuition

Sh

• Short - a sell position
• To short - to sell
• Spike - a non-market quote, usually appearing as a candle with an enormous shadow

Yu

• South , movement south - the lower area of the price chart, a bearish trend