Exchange Dictionary

  • What is MagicNumber? MagicNumber MQL for MetaTrader is a "magic" identifier of an open order, which is usually used for correct teamwork of Expert Advisors and traders in MetaTrader 4. What is the essence of MagicNumber? The MagicNumber parameter is used to allow several trading experts or experts working in parallel with a trader to correctly process the orders which have been opened by them only. As a result, when working (modifying, closing, deleting, etc.) with already open orders, the EAs process only those that have this magic number. The MagicNumber tool is typical only for the MQL programming language in the MetaTrader terminal. To use Magic numbers in manual trading is not...

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  • Average Monthly Profit (AMP) is a mathematical indicator of averaging the profitability of a trading strategy, which allows you to evaluate the effectiveness of the TS in general, without looking at individual positive and negative results of its work. For a good trading strategy the level of the average monthly profit must be positive and not strongly differ from the results of most trading months. This allows to judge the TS as stable in different periods and market conditions, as well as to see the extreme values in the statistics and look for the reasons of the indicator's outliers to improve the system.

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  • AUDUSD currency pair

    AUDUSD currency pair is one of the major currency markets, which reflects the dynamics of the buying price of the Australian dollar for the American dollar. AUDUSD currency pair is often used in carry trade transactions, because participating countries have a significant difference in the level of interest rates and monetary policy. AUDUSD currency pair belongs to the category of risky pairs for the same reason, so its movement is mainly influenced by the movement in the commodity markets, as well as statistics from importers of products from Australia. You can see the AUDUSD dynamics in the "Charts" section.

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  • Herman Hahn

    German Khan (born October 24, 1961, Kiev, Ukrainian SSR) is a Russian businessman, billionaire and shareholder. He is an executive director and ideological leader of TNK-BP. For quite a long time he has been in TOP 100, the richest people in the world. Read more about Herman Khan

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  • Tyumen Oil Company (TNK-BP) is a major Russian oil company, which is the third largest in Russia in terms of oil production. TNK-BP was registered in the British Virgin Islands in 2003 as a joint project of the British company BP and the Russian TNK. TNK itself appeared in 1995, when Nizhnevartovskneftegaz, Tyumenneftegaz, and the Ryazan Refinery were separated from Rosneft. TNK-BP is producing oil in West Siberia (Tyumen, Novosibirsk regions, Khanty-Mansiysk and Yamalo-Nenets Autonomous District); in the Volga-Urals region (Orenburg and Saratov regions, and the Republic of Udmurtia); in East Siberia (Irkutsk region); and in the Far East (Sakhalin). The company owns five refineries in the following cities: Ryazan, Nizhnevartovsk, Nyagan, Saratov, and Lisichansk (Ukraine). В...

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  • Money market mutual funds are mutual investment funds that specialize in investing exclusively in highly rated bonds of all kinds (state, municipal, corporate), bank deposits, units of other mutual funds and foreign currency. Money market mutual funds retain the advantages of bond mutual funds, i.e. a medium level of risks and a rather high yield. The peculiarity of this type of unit funds is that when units are redeemed, the unit holders must pay income tax (13%) in addition to other costs (commissions and fees to the management company and the depositary). The yield on money market mutual funds is in the range of 5-7%, which is comparable to the normal rate on a deposit. Thus, most often the shareholders of such a fund are those who strive for a reliable...

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  • The Reserve Bank of Australia (RBA) - Reserve Bank of Australia (RBA) - was established in 1911, becoming at that time the largest commercial and savings bank in Australia. In 1924 the RBA was given the authority to issue the Australian dollar. As a central bank, the Reserve Bank of Australia (RBA) was recognized in 1945. The Reserve Bank of Australia (RBA) meets 11 times a year, usually on the first Tuesday of each month. It aims to ensure the stability of the national currency, maintain full employment and the prosperity of the economy and the welfare of the Australian people.

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  • Russian ruble (RUB)

    The Russian Ruble (RUB) is the national currency of the Russian Federation. The international ISO currency code is RUB. Numerical code is 643. The ruble is a multiple of 100 kopecks. The ruble has been used since the 13th century being originally a part of the hryvnia, which was cut into several parts (hence the name). The Russian ruble (RUB) for a long time did not have its own official designation, as, for example, the usual dollar $. Now it is a capital letter "P" with a horizontal line on its foot. At the moment in circulation are denominations of 50, 100, 500, 1000 and 5000 rubles. Coins are available in denominations of 1, 5, 10 and 50 kopecks. In addition, there are available...

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  • Mortgage (home loans)

    Ипотека (жилищное кредитование) – понятие банковского сектора, обозначающее кредит под залог недвижимого имущества. В случае если получившее ипотеку лицо не выполняет договорные обязательства, наложенные залогом, кредитор имеет право реализовать это имущество для погашения кредита. Ипотечное кредитование — это ситуация, когда банк выдает кредит под залог недвижимого имущества. В данном случае недвижимость является гарантией возврата кредита банку. Ипотека может быть залогом на уже имеющуюся недвижимость, либо залогом в счет приобретения или ремонта новой недвижимости.

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  • Exchange rate parity

    Exchange rate parity is a legally established ratio between two different currencies, which is the basis of the concept of "exchange rate". Until 1978, exchange rate parity was determined by the gold content of currencies, i.e., the amount of gold contained in the monetary units of countries. Then, for countries in the International Monetary Fund (IMF), the basis of calculation was "Special Drawing Rights" (SDR): a type of international currency that is used only for intergovernmental settlements through central banks. Since 1979, the European Monetary Union (EMU) came into force, which began to fix the obligations of member countries of the European Economic Community (EEC) to maintain currency parity within prescribed limits. Among the important factors affecting the parity of exchange rates it is necessary to note the state of trade...

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  • Big Ten (G10) countries

    What is the Big Ten? The Group of Ten (G10) are the nations that signed the General Agreement on Loans in Paris in 1962. What countries are members of the G10? Originally the G10 was made up of Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom and the United States. In 1964, Switzerland joined the Group of Ten, however, the name of the association remained unchanged. Also, the Bank for International Settlements, the European Commission, the IMF and the Organization for Economic Cooperation and Development (OECD) take part in the G10 as observers. Why was the G10 created? The original purpose of this association was to finance IMF funds by lending to the latter. The money...

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  • What is a stabilization fund? The state stabilization fund (Stabilization Fund) is a monetary fund, formed most often from the state's excess revenues, whose main task is to maintain the stability of the country's economic condition during periods of crisis. During non-crisis periods, funds from the stabilization fund are used at the discretion of the state financial authorities, including investments. Every country has such a stabilization fund to some extent. Does Russia have a stabilization fund? The stabilization fund of the Russian Federation is a part of the federal budget formed by the excess of the price of oil over the base price of oil, which is subject to separate accounting, management and use in order to balance the federal budget if the price of oil falls below...

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  • MetaTrader 4 trading terminal is a software product for exchange trading, including Forex, developed by the Russian company MetaQuotes. At the moment, the most popular and popular terminal among practicing traders. MetaTrader 4 (MT4) is the platform, which allows traders to get remote access to trade Forex instruments, stocks, CFD and futures. Trading terminal MetaTrader 4 is designed for independent execution of operations in the markets, as well as for conducting graphical analysis of the market, for working with automated trading systems (Expert Advisors) and testing them, for learning to trade, for on-line access to news feeds, etc. The special program language MQL4, included into the MetaTrader 4 terminal for free, provides...

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  • What is the stock market? The stock market is one of the main parts of the financial market, where the turnover of securities takes place. The securities are stocks, bonds, bills, checks, investment units, futures and options. The stock market is the mechanism that moves money from one sector of the economy to another. What is the purpose of the stock market? The stock market has many uses. It is used by different people with completely different purposes and interests. A total of 3 main groups of applications can be distinguished: Business Entrepreneurs often use the stock exchange for more effective business. So, this is where large companies sell their...

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  • What are candlestick patterns? Candlestick patterns (models, candlestick patterns) are graphical stock models of technical analysis of Japanese candlesticks, which traders use to predict the reversal or continuation of the trend (trend) on the trading chart of the selected instrument. How are candlestick patterns formed? A candlestick pattern is made up of a series of candlesticks, and each individual candlestick plays a different role in the pattern, together making a pattern which is likely to indicate the movement of the chart. What candlestick patterns are there? Candlestick patterns have different names, which correspond to the appearance of the figure....

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  • Индикатор Осциллятор «АО» Билла Вильямса — «АО» расшифровывается, как «awesome oscillator», т.е. «волшебный осциллятор». Этот индикатор определяет движущую силу рынка, основываясь на значении цены на разных временных промежутках. Фактически индикатор Awesome Oscillator представляет собой производное от скользящего среднего с периодом 34, построенное по срединным значениям, которое впоследствии вычитается из скользящего среднего с периодом 5. Торговыми сигналами индикатора Осциллятор «АО» Билла Вильямса чаще всего являются комбинации из графических баров, в виде которых представлен Awesome Oscillator. Подробнее о Awesome Oscillator

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  • Trading platforms

    Trading platforms are specialized software products designed to work on the foreign exchange market. Active work on creation of the most convenient trading platforms began with the development of Internet trading, in connection with the appeared possibility for traders to trade remotely. Trading platforms usually consist of several parts: user, server and dealer. Traders use only the user part, which allows the remote execution and management of trade transactions, addressing to a dealer by means of the trading terminal. The most popular trading platform at the moment is MetaTrader.

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  • CCI (Commodity Channel Index) indicator is a commodity channel indicator, which shows the deviation of the moving average from the price chart. This indicator was created about 30 years ago, and it is based on the cyclic variability of the market. A certain sequence of price movements allows to predict a trend. When calculating the indicator CCI most often time intervals of 20 and 60 days for the moving average are used. The indicator values are between +100 and -100. High value of CCI indicator indicates that the market is overbought, while its low value is oversold. Divergence and high zones are used as trading signals of the CCI indicator. Learn more about CCI indicator

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  • The Fibonacci Extension Grid or Fibonacci levels are a trading indicator that graphically indicates strong, according to harmonic theory, levels on the chart. In the Fibonacci extension grid you'll find: retracement levels - 23.6%, 38.2%, 61.8%, 76.4% and extended Fibonacci levels - 38.2%, 61.8%, 100%, 138.2%, 161.8%. The main figure is always 1.618 which defines a harmonic proportion. Traders actively use Fibonacci levels in trading, most often to identify market reversal points after a pullback. Read more about Fibonacci expansions

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  • Elliott Wave Pattern

    Wave markup is a graphical analysis of exchange-traded instruments, including currency pairs at , which is based on Elliott Wave Theory. The basis of the wave markup is the concept of market cyclicity and market waves, which were introduced by Ralph Nelson Elliott. Elliott has made a research of the market and compiled a list of graphic models which are most often found on price charts and describe various stock conditions. Basically, such models are 3 or 5-wave structures, which allow the trader to determine the trend and correctional movements, as well as to predict the reversal points.

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