Forex Forecasting & Trade Recommendation Service Indian Rupee Forecast
Morning Briefing


We give below some of the commonly accepted market terms we regularly use in our reports and recommendations

to Short to Sell
Short position Sell/ Sold position
Position Trade/ Transaction/ Deal
to Long to Buy
Long position Buy/ Bought position
SL Stop Loss
TP Take Profit
Bearish thinking that the market will fall
Bullish thinking that the market will rise
GBPUSD - harks back to the days when the GBPUSD rate used to be transmitted across the Atlantic via telegraph, prompting bankers, traders and businessmen to ask, "What's the Cable today?"
To be "Jubbed" is to be stopped out of a trade at the worst rate possible, only to see the market move in the original hoped for direction thereafter. For instance, suppose we hold a Short Euro-$ position at 0.8520 with a SL at 0.8550. The market moves up, hits 0.8550 (stopping us out) and then moves down to 0.8500, our original hoped for Take Profit level. We end up feeling frustrated because we've been "Jubbed" out. This term owes its origins to the "legendary" currency trader Charles Jubbs of the City of London, who had an unerring ability to place his Stop Losses at the tops and bottoms of the market. We do not know whether Mr Jubbs really existed or not - but he exists today as part of trading folklore.


How much money you put on a trade forms a vital part of the entire trade. For instance, if we correctly forecast a fall in Euro from 0.8550 to 0.8420, but put only EUR 250,000/- on the trade, we'll earn USD 3,250/- on the trade. Contrast this with a trade where our forecast goes wrong, such that we lose 20 pips on a EURUSD trade, but we have put EUR 2,000,000/- on the trade. We end up losing USD 4,000/-.

We try to indicate our choice of amount by using the following terms:

Tiny 250,000/- of the uderlying currency
Small 500,000/- of underlying
Medium 750,000/- of underlying
Large 1,000,000/- of underlying
Underlying currency
The first currency in any conventionally quoted currency pair. Thus in EUR-USD, Euro is the underlying currency; in USD-JPY it is the US Dollar; while in EUR-JPY, it is again Euro

These amounts can be scaled up or down (to the extent realistically possible) by the individual trader to his/ her liking.
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These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsible for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

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