Accumulation: A range of Price that the Market Makers have stalled the Market at in order to collect orders, and set up a pending Market Move. Accumulation comes in two varieties for purposes of what you are looking for: Short term & long term. Short term accumulation will influence short term direction and quick manipulation moves, whereas long term manipulation will influence the overall direction of the Market.
Average Price: A price that Market Makers and Retail Traders have entered into trades. Average Price is represented by a bright green line on the 1HR and 4HR charts.
Bounce: When price hits an Average Price Line, Dot, Top/Bottom of Box perfectly then moves the opposite direction following.
Box: A light blue square or rectangle found on your 1HR or 4HR chart. This is how Smart Money Profile Software defines Accumulation on a larger time frame.
Breath: While the Market travels Long or Short, it will often temporarily stall and retrace slightly before continuing.
Candles: Price movement as represented by a bar shape on your charts (MarketScope). They will show you where price opened and closed, as well as where price moved within a given time frame.
Closed Positions: The section inside of your Trading Station where you can view your profit and loss of each trade that you have closed out.
Dot: A Bright green dot found on your 5M, 15M, and 1HR charts. These represent short term Accumulation and can be used for a variety of purposes.
FX365i/Forex 365 Institute: Your new Forex Educator. We provide Software and Education only
FXCM (Forex Capital Markets): The Broker that you will be using as a FX365i student. FXCM will be processing your orders when you decide to go into trades. They also provide the trading platform that enables you to watch the Market on your Computer (See Trading Station & MarketScope).
Grid Line: A series of reactive price points.
Indicators: Tools that retail traders rely on to make decisions regarding future price movement.
Limit Order: An order, placed automatically or manually, that closes your trade in the direction you have placed your trade in.
Liquidity: A large amount of money at an area in the Market. Also high volume times in the Market.
Liquidity Line: Blue and yellow lines that appear on your 1HR, 15M, and 5M charts. They represent liquidity and belief levels in the Market.
Liquidity Swap: A manipulation of price meant to change the overall direction of price.
Long: When the Market is moving up, or a Buy Order that you have placed.
Manipulation: When Price is deliberately moved by the Market Makers in order to stop-out Retail Traders, or to build a belief of a certain direction in Retail Traders.
Market Makers: The Financial Institutions that manipulate the Market.
Marketscope 2.0: FXCM’s program that displays your charts and candles. Also where you are able to add in Indicators to lay over top of the candles.
Net: An area that consists of two Grid Lines.
News: Financial information pertaining to a certain currency pair. Can come in high, medium, and low volume varieties.
Pip (Point In Percentage): A measure of a currency pair’s movement. More simply though, a pip is what we in the Forex would consider a “point” for calculating profits and losses.
Price Alert: A user added line that draws infinitely across all charts on MarketScope in a specified pair.
Price Line: The blue line (once you have properly set your colors up) that represents the live Exchange Rate between the two currencies you are watching.
Profit Release: A stage in the Market Makers Business Model. This stage takes place following sufficient accumulation and manipulation.
Pullback: Interchangeable with Breath – While the Market travels Long or Short, it will often temporarily stall and retrace slightly before continuing. This is usually a chance to place a trade of your own.
Push: Price has traveled long/short in a relatively short amount of time. Usually consists of 1-5 candles.
Range: The prominent highs and lows set by price in any given time period.
Advanced Rate Indicator: The “Flashing lights” inside of Trading Station. The tool we usually use to enter and exit a trade.
Retail Trader: Any Trader/Investor that does not work for a Hedge fund, or an Investment Bank. These Traders trade their own accounts.
Rotation: Interchangeable with “bounce” – Price nearing a resistance/support point, and turning the opposite way.
Run: Generalizes a gradual large movement of price. Can be characterized by multiple pushes, with multiple pullbacks.
Short: Selling the pair you are watching, or Price traveling down.
Slippage: When the broker is not able to place your trade at your specified price (Usually happens during high news events such as; GDP, Non-Farm Payroll, Rate Decision, etc.)
Smart Money Profile: The name of the software used in the Market Makers Course.
Snap: A quick, medium to large movement of price.
Stop Order: An order used to automatically take you out of your trade to manage your risk.
Stop Out: An outcome of manipulation by the Market Makers. Hitting masses of Retail Trader’s Stop Orders.
Traders Prison: The metaphorical “Prison” that many technical Traders land in by constant system development, usually through technical indicators.
Trading Journal: A means to properly track your trades on a day to day basis.
Trading Station: FXCM’s platform that allows you to view currency pairs, and manage positions, as well as your trading account. This is what FX365i Software is installed into.