Band
March 27th, 2010
In countries where the currency is pegged, the range in which the rates are permitted to fluctuate. Source:forexglossary.com
Balance of Trade
March 27th, 2010
In economics, a country’s exports minus its imports. Source:forexglossary.com
Back Office
March 27th, 2010
The office location, or department, where the processing of financial transactions takes place. Source:forexglossary.com
Carry (Interest-Rate Carry)
March 27th, 2010
The income or cost associated with keeping a foreign exchange position overnight. This is derived when the currency pairs in the position have different interest rates for the same period of time. Source:forexglossary.com
Candlestick Chart
March 27th, 2010
A chart that displays the daily trading price range (open, high, low and close). A form of Japanese charting that has become popular in the West. A narrow line (shadow) shows the day’s price range. A wider body marks the area between the open and the close. If the close is above the open, the [...]
Automated Trader
February 24th, 2010
A trader who uses an automated system to input trades without any human input.
Authorized Dealer
February 24th, 2010
Depending on the regulatory body, a dealer authorized to deal in forex.
AUD/USD
February 24th, 2010
The abbreviation for the Australian dollar and U.S. dollar (AUD/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one Australian dollar (the base currency) Trading the AUD/USD currency pair is also known as trading the “Aussie”.