inti guttu part 6

Fundamentalists and technicians have been at odds with one another since the advent of investing. There is no clear answer as to which is right. Sometimes it appears that the technicians make better picks.
Open and close position
When you sell a currency, you are said to be "short" in that currency. To close out your position, you conduct an equal and opposite trade in the same currency pair.
Cross rates, pips
Cross-rate is the parity between two currencies which follows from their Forex currency exchange rate in relation to a Forex rate of the third currency. At operations in the world market often are used cross-rates with US dollar.
Orders
A trader has at his disposal different types of orders to make FOREX trades. A clear understanding of each type of order is necessary to be a successful FOREX trader.
Quotations and spread
Quotation is the actual price or the bid or ask price of either cash commodities or futures or options contracts at a particular time. Quote is an indicative market price, normally used for information purposes only.