How To Articles

Dark cloud cover is a candlestick of bearish reversal. It is a patter where a black candlestick opens above a white one and closes below white’s midpoint.

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.

Direct quote is an exchange rate for foreign currency that involves a quote in fixed unites against different amount of the domestic currency. For example, a direct quote of the $ against the Canadian dollar in the US is U.S. $0.79394 = C $1 for 2018.

Depressed is a description that can be used with either – currency, market, asset, security, commodity and so on. It is a state that is characterized by the falling prices, low production and circuitism as well as little number of buyers and low consumer confidence. Economy can also be depressed – that means that the economy saw several recessions in a row.

A dealing desk is a real object that can be met in foreign banks. It is very much real desk that is used as a workplace for traders and forex dealers. The main feature of the dealing desks is that many of those, belonging to the same company can be seen around the world as forex market is open 24/7.

Dealing desks are also used by financial companies and banks in order to execute trades on their own.

A deal slip is an accurate record of all of the conducted forex trades in a certain span of time. Different jurisdictions and regulations ask for the deals slips for different amounts of time. Although the term goes mainly for forex trading, it can also be used in other segment of the market like stocks trading, bonds trading and others.