Technical analysis is used to forecast future changes in financial and commodity markets based on the history of price changes, i.e. past price movements.

The exchange rate at which the buyer of a call has the right to purchase a specific currency pair or at which the buyer of a put has the right to sell a specific currency pair. Also known as the ‘exercise price’.

Take Profit is designed to close a position once the targeted profit level has been reached by setting it at a price better than the price of position opening or the price of pending order execution.

The smallest possible change of quotation. As a rule, pip is equal to 0.0001 or 0.00001 for the majority of currency pairs, which are quoted to the fourth or fifth decimal point after the comma, but for JPY pairs it is 0.01 or 0.001 and is quoted to the second or third decimal point. For other financial instruments, the pip is usually equal from 0.1 to 0.001.