Category Archives: Forex Glossary

The customer or bank with which a foreign exchange deal is executed.

The Envelopes indicator reflects the overbought or the oversold state of the price, thus allowing to determine the entry and exit points from the market, as well as the moments of the possible trend break-down.

An entry order is one that is used to enter a trade at a specified price level. If the currency pair never reaches that price level then the entry order is not executed.

The second currency in a currency pair. Also known as the Quote currency.