InstaForex

Friday, June 15, 2012

Forex Jargon | Knowing the Language of the Trade

Slang is a language that rolls up its sleeves, spits on its hands and goes to work.” -Carl Sandburg, New York Times, 13 February 1959  


Have you ever traveled to a place that doesn't use the same language as the one that you're using? It's funny when you are trying to ask for direction and no one's giving you one because they can't understand a thing that you're saying.

In Forex, beginners also experiences this language barrier. That's why it is a must for those who wanted to try out in Forex to research and learn the Jargon that seasoned traders are using. By doing so, it would allow the beginners to interact with more experienced traders in a more comprehensive manner.

When a new trader enters a Forex-related forum, it is quite normal to have difficulty in joining in the conversation. But by frequently visiting such forums and doing a diligent research on the topics, a new trader would eventually catch up and adopt to the traders language.  

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