Guide For beginers

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ADX: Average Directional Index
AUD: Australian Dollar
BOS: Break of Structure
BoE: Bank of England
BoJ: Bank of Japan
CAD: Canadian Dollar
CFTC: Commodity Futures Trading Commission
CPI: Consumer Price Index
D1: Daily time frame
ECB: European Central Bank
EMA: Exponential Moving Average
EUR: Euro
FOMC: Federal Open Market Committee
GDP: Gross Domestic Product
GBP: British Pound
H1: 1-hour time frame
H4: 4-hour time frame
JPY: Japanese Yen
LP: Liquidity Provider
MACD: Moving Average Convergence Divergence
M1: 1-minute time frame
M5: 5-minute time frame
M15: 15-minute time frame
M30: 30-minute time frame
MM: Market Maker
MN: Monthly time frame
NDD: No Dealing Desk
NFA: National Futures Association
NFP: Non-Farm Payrolls
NZD: New Zealand Dollar
OTC: Over-the-Counter
PIP: Percentage in Point
RSI: Relative Strength Index
SL: Stop Loss
SMA: Simple Moving Average
SNB: Swiss National Bank
STP: Straight Through Processing
TP: Take Profit
TP/SL: Take Profit and Stop Loss
TP1, TP2, TP3: First, Second, and Third Take Profit levels
SL1, SL2, SL3: First, Second, and Third Stop Loss levels
USD: United States Dollar
W1: Weekly time frame

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Very nice quick reference. I printed it out!

@HenryFxtrader Thank you for sharing this!!

Grateful for the insightful guide! 🙏 Your comprehensive tips for beginners are invaluable. Thanks for sharing your expertise on this

Thanks Henry. This is very helpful..lg

Hi! Just checked out this guide for beginners, and it's been a game-changer for me in navigating the forex world. The emphasis on risk management and understanding market trends really hit home. Any other practical tips or experiences you'd share for someone starting out?

Thank you @HenryFxtrader for sharing. Very helful!