Welcome to Lesson 3 of the Basic Forex Education series by PROP365: Trading Terms or Where Am I Going Long.
If you’ve ever heard experienced traders talk, it might sound like coded language. Phrases like “going short on cable” or “watching Guppy” can confuse beginners. In this lesson, we explain essential trading terms and forex trading terminology to help you understand the language of the market.
For example:
Trader 1: “I’m going short on cable, but I’m also watching Guppy.”
Trader 2: “I’m currently flat but looking to go long on channel.”
What that really means:
Trader 1: “I’m selling GBP/USD and watching GBP/JPY.”
Trader 2: “I have no active trades but want to buy EUR/GBP.”
Understanding these forex trading terms helps you follow market discussions, analyze charts better, and make confident trade decisions. At PROP365, we provide you not only capital but also the knowledge you need. Master the terminology and start trading like a professional.
Take the time to memorize these terms — they're used daily by pros across the globe. The faster you understand the language, the quicker you'll level up your trading game with PROP365.
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Disclosure: All information provided on this site is intended solely for educational purposes related to trading on financial markets and does not serve as a specific investment recommendation. This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. There are no promises of rewards or returns. It’s crucial to differentiate between purchasing a program from PROP365 and depositing in a financial institution. The fees you pay for our programs are not deposits. PROP365 does not offer financial advice or issue or deal in financial products. All trading will occur on demo accounts under simulated live trading conditions. All funds are simulated trading funds, and all profits are simulated profits.
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