Of course, It is also necessary to learn some terminologies when learning the market so here are some that you may read or research them to other website if you need further explanation.
TAYOR – (Trade At Your Own Risk) This is a jargon that you will always see on Philippine Stocks Trading community especially when there are stock recommendations that they post on social medias and in Investagram social.
Ceiling – The highest price a stock can be traded in a day.
Flooring– The lowest price a stock can be traded in a day.
Bullish – The price candle is in favor of the upward move.
Bearish -The price candle is in favor of the downward move.
Breakout – You can use the term breakout in different pattern or scenarios but let’s just say you already know how to draw your resistance line, when a price candle breaks through that line and
Pullbacks – The temporary pullback of a stock or pair before it continues it trend.
Support – It is a low level price of a stock or pair reaches
Resistance – Is the high level price a stock is expected to reach for a period of time.
Flags – flag patterns are useful just like drawing your support and resistance they are just literally triangle pattern that you draw in you charts that will also give you an idea whether to buy a stock or not.
Do you have other terminologies that you would like to know in details? Just send us a message or comment on this article.