Fundamental Analysis - Analysis of economic and political information with the objective of determining future movements in a financial market.

Technical analysis - A method of forecasting price movements by looking at purely market-generated data.

Day Trader - Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day.

Swing traders tend to search for situations in which a currency pair has extraordinary potential to move in a direction during a very short time frame. In this sense, a swing trader in forex is very nimble because the trader must act quickly.

A market order - A buy or sell order to be executed by the broker immediately at current market prices. As long as there are willing sellers and buyers, a market order will be filled.

Limit order - An order to buy a security at no more (or sell at no less) than a specific price. This gives the customer some control over the price at which the trade is executed, but may prevent the order from being executed.

Stop order - (also stop loss order) is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop order is entered as a market order (no limit).

Resistance and Support - Pivot trading (trading between the lines), begins with the calculation of the pivot point which is an average of the previous day’s high, low and closing price.