Category Archives: Trading Definitions

Got Targets?

Posted on February 7, 2012 by

I had this pretty cool indicator coded for me which gives decent profit targets on a 3 minute chart. The trade below had an initial entry at 1.3122 and a final target of 1.3221.  That’s 99 ticks (pips) of profit, scaling … Continue reading →

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FOREX Commissions and Spreads

Posted on April 24, 2011 by

Commission and Spreads ~ Commissions are the amount you pay your broker for entering a trade.  Some FOREX brokers don’t charge a “commission” but they do charge a “spread” which is the difference from the bid and ask price of … Continue reading →

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