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Category Archives: Forex Glossary

Engulfing Pattern

A reversal pattern that can be bearish or bullish depending upon whether it appears at the end of an uptrend bearish engulfing pattern or downtrend bullish engulfing pattern. The first candle is characterized by a small body, followed by a candle whose body completely engulfs the previous candle’s body.
Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Engulfing Pattern

Correlation

A rate of a specified currency for converting all profits and losses into U.S. dollars. In trading, correlation is a measurement of the relationship between two assets.
Posted byWinstone MarketJuly 20, 2020July 20, 2020Posted inForex GlossaryLeave a comment on Correlation

Decentralized

Decentralized means not controlled by any single entity or institution. Blockchain is an example of something that is decentralized, all full nodes in the network own a copy of the blockchain.
Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Decentralized

Convergence

Normally, the contract price of a futures contract is higher than the current price of the underlying asset (normally a commodity). The futures contract price is higher because of the effect of the time value of money. As the expiration date nears, the spread between the spot price and the futures contracts price becomes smaller [...]
Posted byWinstone MarketJuly 20, 2020July 20, 2020Posted inForex GlossaryLeave a comment on Convergence

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