Backtesting

Definition Backtesting mean

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ForexDict explains Backtesting

Backtesting is an essential part of creating a trading strategy pro technical forex traders. Traders create a strategy with particular rules with the intention of mark out as a trade is entered and exited, and at that time test it in uncommon markets (data samples) from the earlier period. After backtesting, a trader ordinarily tests the strategy with current promote data to think it over if it maintains the same accomplishment rate previous to taking it live.

Back Office

Definition Back Office mean

Back Office refers to the IT, accounting and staffing support by a layer, forex trading steady, brokerage or other fiscal society. For many forex brokers, the back Office is dyed-in-the-wool to recording trades, ensuring with the intention of trading platforms are functioning and commonly making guaranteed with the intention of trade settlement happens in an efficient style.

ForexDict explains Back Office

Forex brokerages could in fact share back Office functions to keep expenditure down. Although they can outsource things like IT support and approximately administrative functions, generally brokers need to keep a back Office to ensure they come across the regulations of their family people.

Bullish 3

Bullish 3 is a bullish pattern of continuation and consists of a long bullish candle followed by three candles bearish and bullish another. Generally, the three smaller candles are contained in the range of prices for candles bullish.

Broker Forex

what is broker ? Broker stands for "stock broker", and literally means "securities intermediary". Although the English form is commonly used in Italian instead of "broker" in the Forex when it comes to "broker" refers generally to institutions that pose as intermediaries and that allow retail traders (ie small investors) to operate on the market.Forex brokers
Most forex brokers offering the opportunity to work through platforms (some online, others in software version) thanks to which you can exchange currency, use the main technical indicators and monitor their positions.
In addition, most of the broker offers the possibility of a contoDEMO, or open an account with virtual money and participate in the market by simulating opening positions.Broker Scam
Scam means "scam"; the scam brokers are in fact false broker (many of them unauthorized) that promises very affordable rates often attract novice trader.Some things to consider when choosing a broker

    Fees and returns
    Possibility of opening account Demo
    Support and assistance in language
    Regulation (see also: Forex regulatory agencies)
    Transparency: in fact many brokers using social tools or discussion boards that make their activities more transparent
    Reliability, assess the reviews on the net (just google, or Forex Wiki page: Broker)
    Type broker Some brokers are market makers and in this sense could be induced to conflict of interest with their clients.

BRL (Brazilian Real)

BRL is the symbol for the Brazilian real, the national currency of Brazil. A Brazilian Real is divided into 100 cents and is often presented with the symbol R $.

The real (plural reais) is subject to the supervision of the Central Bank of Brazil (BCB) and its Commission for monetary policy (Copom).

The Brazilian real has been adopted for the first time as an official currency in 1994, replacing the real Cruzeiro with a rate of 1 Real for Cruzeiro in 2750 as determined by the "Plano Real". From 1994 to 1999, the value of the Brazilian real was pegged to the US dollar, as long as inflationary pressures pushed the Brazilian currency to fluctuate against the dollar.

Brent (oil)

Brent oil is one of the most traded in the world flocks, it is considered as the global benchmark for the crude oil market, resulting in approximately 60% of market prices.

Chemically, Brent oil comes from the mixture of different types of oil extracted in the North Sea; in particular:

     Brent Blend,
     Forties Blend,
     Oseberg
     Ekofisk

Brent oil is mainly traded on the London International Petroleum Exchange and is generally more expensive (even compared to WTI that is qualitatively superior) because conditioned by transport costs and the growing demand from Asian markets.

breakout

By the term breakout indicates rupture (precisely the breakout) of a certain level on the part of a currency pair.

There are two types of breakout:

     Breakout Continuation
     Breakout Reversal

In the first case, after a phase of sideways market the currency pair starts to move according to the initial trend, breaking the range of prices of the consolidation phase, it is called thus breakout continuation.

In the case of a breakout of inversion, instead, after the consolidation of prices, the currency pair is moving again, breaking the range of prices and traveling in the opposite direction to the initial one.

     Example breakout continuation

false breakout

First, it is worth pointing out that the breakout phenomena are never so distinct and clear, but sometimes it can happen that the price of a return to break a certain level (this is the support or resistance) but then continues in the expected direction: in this is called therefore false breakout.

     Example of a false breakout