Forex encyclopedia

International exchange market (Currency exchange) — is the exchange, where operations on purchase and sale of currency take place between participants of the Forex market; Currency operations – contracts of participants of currency market on purchase and sale and settlement, conversion operations etc.; Currency rate (currency quote) — the price of currency unit of one country expressed in currency unit of another country. Open position – is the trade for purchase/sale, which is not closed and is present on market.
Popular article: The Gann fan Indicator
William Delbert Gann considered that markets move in accordance with the laws of geometry. One of his major geometrical instruments was the line at an angle of 45º. He also use angles built on the basis of this line. The Gann line is also called a balance angle (1×1), in which one price range corresponds to one time period.
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