A long upper wick shows that buyers tried to push price up, but sellers successfully pushed it back down before the close.

It is a risk management tool that automatically exits a position if the price moves too far against you.

Unlike Stock Exchanges (which have set hours), Forex operates globally across different time zones (Sydney, Tokyo, London, NY).

A Pip is the smallest price move that a given exchange rate makes based on market convention.

"Long" refers to buying with the intent to sell higher later. "Short" is the opposite (selling first).

It happens when your account equity falls below the minimum required to keep your leveraged positions open.

Named after the way a bull strikes upward with its horns, representing upward momentum.

Leverage acts as a multiplier of your capital, but it also multiplies the risk of loss.

Majors are pairs that include the US Dollar (USD) and are the most liquid in the world.

The spread is essentially the transaction cost paid to the broker or the market for executing the trade.

Many brokers use 5 decimal places; the 5th decimal is the pipette, providing more precision.

It involves using historical price data and patterns to predict future price movements.

This occurs when the price bounces between a specific support and resistance level without a clear trend.

Scalping is a strategy of making dozens or hundreds of trades per day for very small profits.

The horizontal axis shows the passage of time, while the vertical axis (Y) shows the price.

The bid is the highest price a buyer is willing to pay; it is the price at which you sell to the market.

Day traders open and close all positions within the same trading day to avoid overnight risk.

It is used when you expect the price to rise to a certain level before reversing and falling.

Safe havens are assets investors flock to during times of economic or geopolitical uncertainty.

A trend is the overall direction (Up, Down, or Sideways) in which a market is moving.

It allows you to trade with virtual money to practice without risking real capital.

A standard lot represents 100,000 units of the base currency in the Forex market.

High volatility means the price is moving significantly and rapidly in either direction.

A market order guarantees execution speed, but the price may vary slightly due to slippage.

These are the most common software interfaces used by traders to execute orders and analyze charts.

Minor pairs (or crosses) do not include the US Dollar but consist of other major currencies.

A broker is an entity that connects the individual trader to the market to execute trades.

A green candle indicates that the closing price was higher than the opening price during that period.

In a currency pair, the first currency is the 'Base' and the second is the 'Quote'.

While some pairs vary, the standard for majors (like EUR/USD) is the 4th decimal place (0.0001).