Forex encyclopedia

Random article: What is volatility?
Volatility is a statistical indicator that displays the degree of currency price dynamic. Volatility is considered one of the most important indicators that helps manage risks. Simply put, volatility is the difference between the minimum and maximum price in a specific time interval. Most often, traders observe daily volatility. In this case, the value of volatility will be the difference between the maximum and minimum price for the trading day. You should understand that Forex is a market that is characterized by continuous changeable price movement. In this regard, the volatility for two different days, weeks or months may differ.
Popular article: Forex Entry Strategy
Entry opportunity is the time when a trader can open a position and has a higher probability to gain profit. Mostly, entry opportunities are considered only when a signal is formed. But, for every signal, there are more opportunities than just one. In short, as long as the highest or lowest point of the day isn't reached yet, you also have opportunities to open a position as many times as they are available. But how to calculate entry opportunities at a certain time? Let's use a pair with average daily range 100.0 pips, and price range between 0.00001 to 0.01000. Thus, a strategy with expected profit target of 30.0 will be: average daily range – expected profit = 100.0 – 30.0 = 70.0
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