Glossary
Trading terms, defined in one line and explained in a few more.
F
- Fair value gap (FVG)
- A three-candle gap where the wicks of the first and third candles don’t overlap, left by a fast move.
O
- Order block
- The last opposite candle before a strong move, read as a zone where large orders may have been placed.
P
- Position size
- How many units you trade, set so that the loss at your Stop Loss equals the amount you accept to risk.
R
- Risk-to-reward ratio (R:R)
- What a trade can make divided by what it can lose. The net R:R does the same after fees on entry and exit.
S
- Stop Loss
- A price level where a trade is closed to cap the loss, placed where the trade idea is proven wrong.
T
- Take Profit
- A price level where a winning trade is closed, usually at the next level price has to deal with.
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