Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex Glossary

The Industry's Most Important Terms Explained

The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!


Gann Grid

A technical analysis tool developed by W. D. Gann.  To draw a Gann Grid, attach the tool at an initial point on the chart. A second point is needed to set the cell grid size.

The resultant Grid consist of multiple lines at 45 degrees angle.

On the Gann Grid, there are three control points. By moving the first and the last points, the size of the grid cell may be set/modified.  The middle point is used to move the Gann Grid on the chart keeping the dimensions intact.

Gann considered the 45 degrees line as the most important in representing  long-term trendlines.

Based on Gann’s theory, prices:

  • above the ascending 45 degrees line indicate an uptrend.  Further acceleration of the upward movement may find resistance at the higher 45 degrees lines.
  • below the ascending line. imply possible change in trend direction.  Further fall of the prices may find support at the lower 45 degrees lines.
  • below the descending 45 degrees line, indicate a downtrend. Further fall of the prices may find support at the lower 45 degrees lines.
  • above the descending line, imply a possible change in trend direction. Further rise of the upward movement may find resistance at the higher 45 degrees lines.

Category: Technical Analysis

Scroll Top