{"id":212,"date":"2025-07-04T16:01:49","date_gmt":"2025-07-04T15:01:49","guid":{"rendered":"https:\/\/7zeros.com\/?page_id=212"},"modified":"2025-09-02T20:35:16","modified_gmt":"2025-09-02T19:35:16","slug":"terminology","status":"publish","type":"page","link":"https:\/\/7zeros.com\/?page_id=212","title":{"rendered":"Terminology"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Forex<\/td><td>Foreign Exchange<\/td><\/tr><tr><td>currency pairs<\/td><td>e.g. EUR\/USD<\/td><\/tr><tr><td>cross currency pairs<\/td><td>pairs that don&#8217;t use the USD, e.g. EUR\/GBP<\/td><\/tr><tr><td>financial instrument<\/td><td>currencies such as EUR\/USD<\/td><\/tr><tr><td><strong>EUR<\/strong>\/USD<\/td><td><strong>base currency<\/strong><\/td><\/tr><tr><td>EUR\/<strong>USD<\/strong><\/td><td><strong>quote currency<\/strong><\/td><\/tr><tr><td>go long<\/td><td>buy (base currency up against the quote)<\/td><\/tr><tr><td>go short<\/td><td>sell (quote currency up against the base)<\/td><\/tr><tr><td>opening a position<\/td><td>buy or sell, go long or short<\/td><\/tr><tr><td>spread<\/td><td>difference between sell and buy rate<\/td><\/tr><tr><td>pip<\/td><td>smallest measured unit of a currency rate, usually in the 4th decimal place, e.g. $1.452<strong>1<\/strong><\/td><\/tr><tr><td>capital<\/td><td>amount of money deposited into trading account <\/td><\/tr><tr><td>leverage<\/td><td>control a large position in the market with a relatively small amount of capital <\/td><\/tr><tr><td>stop loss<\/td><td>predetermined loss price at which a position will be closed<\/td><\/tr><tr><td>take profit<\/td><td>predetermined profit price at which a position will be closed<\/td><\/tr><tr><td>bullish market<\/td><td>a market that will go up<\/td><\/tr><tr><td>bear market<\/td><td>a market that will go down<\/td><\/tr><tr><td>ask price (offer)<\/td><td>broker&#8217;s rate to buy (go long) a currency pair<\/td><\/tr><tr><td>bid price<\/td><td>broker&#8217;s rate to sell (go short) a currency pair<\/td><\/tr><tr><td>spread<\/td><td>difference between ask and bid price which goes to the broker<\/td><\/tr><tr><td>liquidity<\/td><td>a market can be less or more liquid, depending on frequency of trading and spread price<\/td><\/tr><tr><td>candlestick charts<\/td><td>used to track a currency pair&#8217;s price rise (green candle) and decline (red candle)<\/td><\/tr><tr><td>lots<\/td><td>currencies are traded in lots rather than singular units, i.e. standard, mini, micro and nano<\/td><\/tr><tr><td>resistance point<\/td><td>price levels a rising currency pair has trouble breaking<\/td><\/tr><tr><td>support level<\/td><td>price levels a falling currency doesn&#8217;t go below<\/td><\/tr><tr><td>risk to reward ratio (RRR)<\/td><td>compares the potential loss of a trade against its potential gain, e.g. risking 1 dollar to potentially earn $3 is a 1:3 ratio<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forex Foreign Exchange currency pairs e.g. EUR\/USD cross currency pairs pairs that don&#8217;t use the USD, e.g. EUR\/GBP financial instrument currencies such as EUR\/USD EUR\/USD base currency EUR\/USD quote currency go long buy (base currency up against the quote) go short sell (quote currency up against the base) opening a position buy or sell, go [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-212","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/7zeros.com\/index.php?rest_route=\/wp\/v2\/pages\/212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/7zeros.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/7zeros.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/7zeros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/7zeros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=212"}],"version-history":[{"count":11,"href":"https:\/\/7zeros.com\/index.php?rest_route=\/wp\/v2\/pages\/212\/revisions"}],"predecessor-version":[{"id":363,"href":"https:\/\/7zeros.com\/index.php?rest_route=\/wp\/v2\/pages\/212\/revisions\/363"}],"wp:attachment":[{"href":"https:\/\/7zeros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}