Forex Trading Glossary, Letter "H"

A B C D E F G H I K L M N O P Q R S T U V W

Hard currency - Is a currency, whose value is expected to remain stable or increase in terms of other currencies.

Head and shoulders - This ("Head and shoulders") phrase talks about a pattern in price trends which chartists consider indicating a price trend reversal. The price has risen for some time, at the peak of the left shoulder; profit taking has caused the price to drop or level.

The price then rises steeply again, to the head before more profit taking causes the price to drop to around the same level as the shoulder. A further modest rise or level will indicate that a further major fall is imminent. The breach of the neckline is the indication to sell.

Hedge - This is the purchase or sale of options or futures contracts as a temporary substitute for a transaction to be made at a later date. Usually it involves opposite positions in the cash, futures, or options market.

Hit the bid - Acceptance of purchasing at the offer or selling at the bid.

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