Forex Glossary
Essential trading terms and definitions. Learn the language of forex trading and currency strength analysis.
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Correlation
The statistical relationship between two currency pairs, indicating how they move relative to each other (together, opposite, or independently).
Technical AnalysisCross Pair
A currency pair that doesn't include the US Dollar, such as EUR/GBP, EUR/JPY, or GBP/JPY.
Trading BasicsCurrency Strength
A measure of how strong or weak a currency is relative to other major currencies, calculated by analyzing its performance across multiple forex pairs.
Currency StrengthD
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Spread
The difference between the bid (sell) price and ask (buy) price of a currency pair, representing the broker's transaction cost.
Trading BasicsStop Loss
An order that automatically closes a trade at a predetermined price level to limit potential losses.
Risk ManagementSupport and Resistance
Key price levels where buying (support) or selling (resistance) pressure historically causes price to pause or reverse.
Technical AnalysisT
Take Profit
An order that automatically closes a trade at a predetermined price level to lock in profits when the target is reached.
Risk ManagementTrend
The general direction in which a currency pair's price is moving over time - upward (bullish), downward (bearish), or sideways (ranging).
Technical AnalysisV
Apply Your Knowledge
Use our Currency Strength Meter to see these concepts in action with real-time forex data.
Currency Strength Meter