Hello, dear TradingView members.
This idea is dedicated to our new traders who might need a few introductions.
This is the first part of the 'Keywords for beginners' idea. The next part will be published tomorrow.
If you're around in trading platforms like TradingView, you will see some keywords used by analyzers and publishers, which you might not know what exactly they mean in the context of the trading market.
In this post, we will cover the first 11 keywords.
1. Cryptocurrency: Digital assets people use for investments, trades, and purchases. Like Bitcoin, Ethereum and Cardano.
2. Forex (FX): Short for Foreign Exchange. The trading of one currency for another.
For example, you can trade Euros for Dollars.
3. Stock: The goods, merchandise, or properties kept on the assumptions of a business, available for sale or distribution.
For example, the stock of Apple, Meta, Google, Netflix, and Tesla.
4. Indices: The plural form for Index. Index trading is also a type of trading of a group of stocks that make up the Index.
Like S&P 500, Dow Jones Industrial Average, and NASDAQ Composite.
5. Futures: Futures are a type of derivative contract to buy or sell a specific item or asset like Bitcoin at a set future date for a fixed price.
You can either set it as the price is going up or down.
6. Spot: The traditional buy and sell or invest in any asset.
You can invest in a specific stock or Bitcoin, and you can sell it when you decide to.
7. Demand Zone: A demand zone is the price area traders decide to buy.
That area is where the buy volumes go higher, which is one factor that pushes the value up.
8. Supply Zone: A supply zone is the price area traders decide to sell.
That area is where the sell volumes go higher, which is one factor that pushes down value.
9. Indicator: Indicators are tools based on calculations that help traders understand the prices, volumes, trends, and timeframes.
For example, the RSI, Bollinger Bands, and Fibonacci Retracements, are known trading indicators.
You can find and use these indicators on the upper side of your TradingView charts.
10. Take-Profit (TP): Stands for Take-Profit Order. It's a limit order that defines the price to close out an open position for a profit.
They are also known as Targets.
11. Stop-Loss (SL): Stands for Stop-Loss Order. It's a limit order that defines the price to close out an open position to stop your assets
from more losses or liquidations. You can control your positions with this order and protect them from sudden market crashes.
Are there any keywords you would like to know about? Let me know.
Thank you, and good luck.
This idea is dedicated to our new traders who might need a few introductions.
This is the first part of the 'Keywords for beginners' idea. The next part will be published tomorrow.
If you're around in trading platforms like TradingView, you will see some keywords used by analyzers and publishers, which you might not know what exactly they mean in the context of the trading market.
In this post, we will cover the first 11 keywords.
1. Cryptocurrency: Digital assets people use for investments, trades, and purchases. Like Bitcoin, Ethereum and Cardano.
2. Forex (FX): Short for Foreign Exchange. The trading of one currency for another.
For example, you can trade Euros for Dollars.
3. Stock: The goods, merchandise, or properties kept on the assumptions of a business, available for sale or distribution.
For example, the stock of Apple, Meta, Google, Netflix, and Tesla.
4. Indices: The plural form for Index. Index trading is also a type of trading of a group of stocks that make up the Index.
Like S&P 500, Dow Jones Industrial Average, and NASDAQ Composite.
5. Futures: Futures are a type of derivative contract to buy or sell a specific item or asset like Bitcoin at a set future date for a fixed price.
You can either set it as the price is going up or down.
6. Spot: The traditional buy and sell or invest in any asset.
You can invest in a specific stock or Bitcoin, and you can sell it when you decide to.
7. Demand Zone: A demand zone is the price area traders decide to buy.
That area is where the buy volumes go higher, which is one factor that pushes the value up.
8. Supply Zone: A supply zone is the price area traders decide to sell.
That area is where the sell volumes go higher, which is one factor that pushes down value.
9. Indicator: Indicators are tools based on calculations that help traders understand the prices, volumes, trends, and timeframes.
For example, the RSI, Bollinger Bands, and Fibonacci Retracements, are known trading indicators.
You can find and use these indicators on the upper side of your TradingView charts.
10. Take-Profit (TP): Stands for Take-Profit Order. It's a limit order that defines the price to close out an open position for a profit.
They are also known as Targets.
11. Stop-Loss (SL): Stands for Stop-Loss Order. It's a limit order that defines the price to close out an open position to stop your assets
from more losses or liquidations. You can control your positions with this order and protect them from sudden market crashes.
Are there any keywords you would like to know about? Let me know.
Thank you, and good luck.