What is open position

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Below is a list of topics that are related to foreign currency trading. Share some open resources or answer questions.

1. How foreign currency trading is different from common stock trading?

2. Risks of foreign currency as compared to common stock trading

3. What is currency pair? What is the base currency and quote currency in the currency pair?

4. What is the meaning of long or short a currency pair? For example, what is the meaning of long EUR/USD?

5. What is trading on margin (trade on leverage)? Advantages and disadvantages? What is the leverage ratio on Oanda?

6. How to place a trade (market, limit or stop order) on Oanda?

7. What are differences between market order, limit order and stop order? What is a PIP?

8. What is open position? What is closed position?

9. What are the risks of keeping a large open position over the weekend? How to control this risk?

10. What is efficient market hypothesis and its implication on fundamental and technical analysis?

11. Introduce/Share some technical analysis indicators/techniques to your team members.

Reference no: EM133118445

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