and poor execution quality by broker. ECN brokers do not discourage scalping, do not trade against the client, do not charge spread (low spread is defined by the current market rates) but instead charge commission for every executed order. Forex ECN or Forex electronic communications network is the system arrangement of Forex specialists and Forex dealers. Sometimes, it can be used to lock in some amount of profit ( See Trailing Stop-Loss below ). See this post on using a trailing stop in MetaTrader. See the list of brokers with pamm brokers. Margin supplies the possible losses that may occur in margin trading. Floating Leverage A leverage that changes depending on the total size of open positions. Resistance A price level where an uptrend stalls. Advantages of using ECN system.
Gap A difference between the previous period's close price and the next period's open price. See our free expert advisors for MetaTrader. Aussie, a Forex slang name for the Australian dollar. Take-Profit Order An order to close a position when the market reaches a certain price. Elliott Waves, a set of principles for chart analysis based on 5-wave and 3-wave patterns.