Top 10 English Slangs for Foreign Exchange Trader

Top 10 English Slangs for Foreign Exchange Trader 1. Bull and Bear When traders talk about the market, you'll often hear the terms 'bull' and 'bear.' A bull market refers to a rising market, where prices are expected to go up. On the other hand, a bear market signifies a declining market, with prices expected to fall. These terms are derived from the way these animals attack; a bull thrusts its horns up, while a bear swipes its paws down. So, next time you hear someone say 'bullish' or 'bearish,' you'll know what they mean! 2. Pips Pips are the smallest unit of measurement in the forex market. They represent the price movement of a currency pair. For most currency pairs, a pip is equivalent to 0.0001. So, if a currency pair moves by 50 pips, it means it has moved by 0.0050. Pips are essential for calculating profits and losses in forex trading, and understanding this term is crucial for accurate analysis. 3. Margin Call Margin call is a term you never want to hear as a trader. It occurs when your account's equity falls below the required margin.