The creation of a chart representing the price movements of an asset over a specified period of time, or the use of charts to determine when and where to place a trade.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Social Trader" - A forex trader who interacts with an online community of traders, sharing information about the markets and the strategies he employs.
pip value in quote currency = pip in decimal places X trade size