June 27, 2009
This Saturday, I thought I'd prepare a Forex Abbreviations list. It's like a Lexicon or a keyword list and I hope it'll help you understand posts in here as well as in various Forex forums. I'll be adding words as I think of other abbreviations to add. Hope this helps.
ADR Average Daily Range
ADX Average Directional Movement Index
AUD Australian dollar
CAD Canadian dollar
CHF Swiss franc
DP Daily Pivot
EUR Euro
FIBS Fibonacci
FOREX Foreign Exchange
FX Forex
GBP Great British Pound
GTC Good Till Cancelled
JPY Japanese yen
MACD Moving Average Convergence/Divergence
MTF Multiple Time Frame
NZD New Zealand dollar
OCO Order Cancels the Other
OTC Over the Counter
PP Pivot Point
SL Stop Loss
TF Time Frame
TP Take Profit
TS Trailing Stop
TSU Trading Set-Up
USD US dollar
S/R Support and Resistance
You have now found the RIGHT way to trade forex - by following the leader. And the leader is the MARKET !
