do you know what a "point & figure chart" is?
Category: glossary by M. Maynard from Arlington, United States
"point & figure chart " is A chart that plots day-to-day price movements without taking into consideration the passage of time. Point and figure charts are composed of a number of columns that either consist of a series of stacked Xs or Os. A column of Xs is used to illustrate a rising price, while Os represent a falling price. As you can see from the chart below, this type of chart is used to filter out non-significant price movements, and enables the trader to easily determine critical support and resistance levels. Traders will place orders when the price moves beyond identified support/resistance levels. Additional points are added to the chart once the price changes by more than a predefined amount (known as the box size). For example, if the box size is set to equal one and the price of the asset is $15, then another X will be added to the stack of Xs once the price surpasses $16. Each column consists of only one letter (either X or O) - never both. New columns are placed to the right of the previous column and are only added once the price changes direction by more than a predefined reversal amount.
do you know what the "logarithmic price scale" is?
Category: glossary by P. W. From France
a "logarithmic price scale " is A type of scale used on a chart that is plotted in such a way that two equivalent percent changes are represented by the same vertical distance on the scale, regardless of what the price of the asset is when the change occurs. The distance between the numbers on the scale decreases as the price of the underlying asset increases. This is the case because a $1 increase in price becomes less influential as the price heads higher since it now corresponds to less of a percentage change than it did when the price of the asset was at a lower level. Also referred to as a "log scale". Logarithmic price scales are generally accepted as the default setting for most charting services, and they're used by the majority of technical traders. Common percent changes are represented by an equal spacing between the numbers in the scale. For example, the distance between $10 and $20 is equal to the distance between $20 and $40 because both scenarios represent a 100% increase in price. Contrast this to "linear price scale".
do you know what "teacher retirement system" is?
Category: glossary by P. L. From United States
An organization that is specifically set up for teachers to help with or manage retirement planning. Because there are individual teacher retirement systems set up for each state, there are differences in what they each offer. For the most part, the organization helps arrange retirement benefits for its member and their beneficiaries. As part of the retirement program, members make regular contributions to their retirement accounts. The funds that are contributed are then invested and managed. The teacher retirement system also offers disability and death benefits to its members and ensures the responsible distribution of the benefits.
- How do I know which licenses and regulators are trust worthy?
- Try to look for a forex site that's certificated by accepted institutions, such as ARIF. A lot of forex sites are associated with them. Whenever a place says its site is regulated and certificated by ARIF, you can rest assure your financial details are treated with utmost strict security regulations in this forex site. One of our favorite forex sites as an example is "Dukascopy". Visit retailfx.com
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