A - E | F - N | O - Z
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A
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All or None - A limit price order that instructs the broker to go ahead
with the whole order at the price or not at all
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Andrews Method - A technique, developed by Dr. Alan Andrews, for
identifying the upper and lower parallel lines of a trend
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Appreciation - A currency appreciates when the price rises or
strengthens
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Ask (Offer) - The price at which a dealer/trader is willing to sell a
currency. Also, the price at which a trader can buy a currency
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Ask Price (Ask Rate) - The lowest price at which a currency is offered
for sale
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Aussie - Market term for the Australian Dollar
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B
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Back Office - The department in the back office who deal with financial
transactions
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Bar chart - A chart showing the currency prices with each bar showing
the opening, closing, high and low prices for a specific time
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Base currency - The first currency in a currency pair
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Bear Market - A market where prices are constantly declining
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Bid - The price at which a dealer/trader is willing to purchase currency.
Also, the price at which a trader can sell a currency
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Big figure - The first few digits of an exchange rate. In some cases
the digits rarely change and therefore are omitted in dealer
quotes. Eg. EUR/JPY 148.20/148.25 would be quoted as 20/25
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Book - A summary of a traders/desks total positions
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Broker - Company/individual acting as a middle man between the
buyer and seller, for a fee/commission
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Bull market - A market where prices rise constantly
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C
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Cable - Market term for the British pound/US Dollar
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Central Bank - Organisation that manages their countrys monetary
policy
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Call Rate - Overnight interbank interest rate
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Candlestick chart - The chart shows the trading range for the day and
the opening and closing of prices; the range is shaded in the form
of a candlestick
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Clearing - Process of settling a trade
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Commission - Transaction fee charge by the broker
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Contract - Standard trading lot, usually 100,000 units of the base
currency
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Country Risk - Risk associated with cross-border transactions
determined by legal or political activy
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Cover - Close out a foreign currency trading position
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Cross Rate - The exchange rate between two currencies where the
currency pair in the country that the original quote came from
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Currency - Money issued by the government or central bank
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D
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Day Trading - Opening and Closing positions on the same day
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Dealer - Person who acts as the middleman for the transaction,
placing the buying or selling order
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Deficit - Negative balance of trade
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Delivery - A forex trade where an actual delivery of currencies traded
is made
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Depreciation - Decline in the value of currency
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Devaluation - The deliberate adjustment of a currencys value usually
by the Central bank or government
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Downtrend - When the price moves consistently downwards
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Dow Theory - Used by analysts to check the direction of the market
prices. Originated by Charles Dow
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E
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Economic Indicator - A measure of strength or weakness of a
country's economy, eg. employment rates, inflation and so on
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Euro - Currency of the European Monetary Union
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European Monetary Union - Setup to establish a single European
currency (the Euro)
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Exchange Rate - The value of one currency quoted in terms of
another currency
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A - E | F - N | O - Z
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