Thursday, February 4, 2010

Forex terms

Pip

is worth 1 point rise or drop in price movements. For a mini account, 1 point is worth $ 1, for the standard account is $ 10.



Ressistent

are the points that are above the current price. Point of support can be drawn from the line at Fibonacci Retracement Time Frame H1 & H4.



Support

are the points that are below the current price. Point of support can be drawn from the line at Fibonacci Retracement Time Frame H1 & H4.



Zig Zag

is a technical analysis tool to determine trends and support-ressisten prices.