forex-dictionary

1. GTC Good 'Til Canceled
   If an order does not have a good-'til-canceled instruction then the order will expire at the end of the trading day the order was placed.
   In most cases, GTC orders are canceled by brokerage firms after 30-90 days
2. GTM Good This Month
3. IOC Immediate Or Cancel Order
4. FOK Fill Or Kill - FOK execute a transaction immediately and completely or not at all
5. Limit Order an order placed with a brokerage to buy or sell a set number of shares at a specified price or better
6. Market Order an order to buy or sell an investment immediately at the best available current price often has low commissions due to the minimal work brokers need to do
7. Stop Order, becomes a market order only once a specified price is reached
8. How To Place Orders With A Forex Broker
9. Position trading is the longest term trading
10. Support levels tend to stop price from falling below
11. Resistance levels act like a price ceiling that price cannot break above
12. A long (or long position) is the buying of a security such as a stock, commodity or currency with the expectation the asset will rise in value.
13. A short position is the sale of a borrowed security, commodity or currency with the expectation that the asset will fall in value.