BerkShares is a type of currency which is only accepted in western Massachusetts. It was initially introduced in order to attract the people to support and buy local. Shares come in 1, 5,10, 20 and 50 bills and can be exchanged to the US dollar in one the 16 existing exchange points.
U-Shaped recovery is a type of recession-recovery relations that form a U when the movements are placed un the chart. It can be seen in the charts that represent employment rate, GDP and output of the industry.
Resistance level is a term that defines the price level of the asset where the price is held down by the number of traders who want to sell the asset at the moment. Resistance can be both short and long, as it is determined by the current trends in the market.
Support level is a term that defines the price level of the asset that the asset doesn’t fall lower than. When this level is reached by the asset traders need to BUY it.
USD is usually traded against a single currency. But in case you wish to trade it against several of the currencies you may as well say that you trade it against a ‘basket’ of currencies. For a greenback there are six major currencies Euro, Japanese yen, Pound sterling, Canadian dollar, Swedish krona, Swiss franc.
A deal blotter is trader’s record of all of the executed trades in any and on a given day. It usually includes basic and additional information on all of the trades. For forex traders a deal blotter has to contain opening and closing price initiated by a trader.
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