I'm interested in forex trading and I came across the term 'EQ'. I'm wondering what EQ stands for and how it's relevant in the context of forex trading. Could someone explain this to me?
7 answers
CryptoWizardry
Wed Nov 20 2024
In a market, this equilibrium point is crucial for determining prices.
FireflySoul
Wed Nov 20 2024
When the price is trading within a certain range, it becomes easier to identify the EQ level.
CryptoLordGuard
Wed Nov 20 2024
EQ stands for Equilibrium in financial terms.
Chiara
Wed Nov 20 2024
The EQ level is simply the midpoint of the trading range.
Andrea
Wed Nov 20 2024
It represents the point where supply and demand are equal.