Introduction to Trading Concepts

These flashcards include fundamental trading terms and concepts essential for understanding the principles of trading.

Candlesticks

Visual representations of price movements in trading, showing the open, high, low, and close for a specified time period.

Uptrend

A market condition characterized by higher highs and higher lows, indicating price movement is generally increasing.

Downtrend

A market condition characterized by lower lows and lower highs, indicating price movement is generally decreasing.

Consolidation

A market phase where prices move within a defined range, with no clear upward or downward movement.

Forex broker

A firm that provides traders access to a platform for buying and selling foreign currencies.

TradingView

A web-based platform that offers advanced charting tools and trading analysis.

Time frame

The duration of time that can be used to analyze or evaluate price movements, affecting how quickly prices fluctuate.

Higher high

A price peak that is higher than the previous peak, indicating an uptrend.

Lower low

A price drop that is lower than the previous low, indicating a downtrend.

Stop loss

An order placed to sell a security when it reaches a certain price, used to limit losses.