Forex Dictionary Q-S

Q

Quantitative trading: mathematical and statistical algorithms to trade the markets without technical or fundamental analysis.

Queue: The order that has been executed you but yet to be accepted by the bank.

Quote currency: The second currency in the currency pair, i.e. JPY is the quote currency in USDJPY currency pair.

Quote price: the available price at which the currency pair can be traded.

R

Range: The measurement of the magnitude of last High and Last Low.

Resistance — price level at which the ongoing trend is likely to find difficulty in moving further.

Retail forex: The availability of forex trading option to even the small retail trader with the help of broker leverage is called retail forex or retail forex trading. It helps the small traders with relatively small size capital to be able to trade bog volumes of lots while using the retail leverage.

Retracement: Retracement is a reversal point where the currency pair finds a support to continue with the original trend.

Requote: it means an option to fill your order at a price different than the clicked price. It happens mostly at e time of news releases that the broker is not able to execute your order to the bank immediately. At this stage, broker gives you the option to either cancel your trade or place your order at a worse/new price.

S

Scalping: a style of trading where many positions are opened for extremely small and short-term profits.

Here you can read special post about Forex Scalping Strategies

Sell limit: This is kind of a pending order that executes when the price rises above certain level, hence making it more profitable.

Sell stop: This is kind of a pending order that executes when the price drops to a certain level, hence making the further fall certain.

Short: a position where you have sold a currency pair. i.e. when you say, you are short on Eurusd, then it would mean that you have sold this pair.

Signal: A trade recommendation made by an expert to buy or sell a pair at specified prices.

Tips for Choosing signals in Forex Provider

Sl — See “Stop-Loss Order”

Slippage — execution of order for a price different than clicked (ordered), because of the fast moving market conditions. The mina reasons for slippages are “fast” market, low liquidity and broker’s low ability to execute orders.

Sma: It stands for “Simple moving average”. This is a simple and mathematical technical indicator that works with taking averages of last few bars, i.e. SMA 8.

Speculation– Trading with certain anticipation on the direction of the market movement.

Spike: A sudden and significant change in the price of the currency pair, usually visible on shorter time frame charts. These spikes often are seen at the time of News releases.

Spot: Also known as Spot-Fx or Spot trading. It means transactions that are made on current markets rates and closed at future rates. Spot FX is usually a short term agreement where the deal or the trade lasts for a limited number of hours or days but none of the parties i.e. Buyer or seller is obliged to close at any certain time or a certain rate.

Spread — the difference between Bid and ask prices for a currency pair is called Spread. It is charged in advance at the time of opening a position and varies fro broker to broker and pair to pair. Spread trends to be lower in more popular currency pairs like Eurusd which can be traded for as low as just one pip. However spreads tend to change at the time of News releases and at times when the market turns highly volatile.

Standard Lot — 100,000 units of the currency pair that you are buying or selling.

Stop hunting: This is a trick with the brokers when they manipulate their platform prices by a few pips so as to make the trader’s positions hit the Stop-loss, so that the traders lose and brokers benefit.

Stop-Loss Order — this is an order to close a position when the market reaches certain price against your expectations. It is used to limit your losses when market moves in the opposite direction.

Stopped out: a position that triggers your Stop- loss before returning to profits.

Straddle: This is a kind of trading style where you place pending order to both Buy and Sell on the same pair with OCO feature, mostly used by range traders who trade breakouts.

Support — price level at which the ongoing trend find a push to continue the rally.

Swap — Interest rates calculated for holding your position overnight. Since you are holding and have sold off currencies that normally would have earned you interest (if the money was in saving account) your broker should pay you the interest rate difference between the two currencies of the pair. It can be negative or positive depending on the nature of transaction. (Also check Carry trade).

Swap-free account: This kind of broker account does not charge any overnight interest or swap charges. The reason is that ISLAM religion does not permit interest calculations on borrowed or lent money. Thus, these accounts are also called Islamic accounts.

Swing trading: A style of trading where the trades are opened only at the expected reversal points or swinging points.

Swissy– This is the Nick name for USDCHF currency pair.

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