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Archive for the ‘Forex Glossary’ Category

Balance of Trade

March 27th, 2010

In economics, a country’s exports minus its imports. Source:forexglossary.com

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Back Office

March 27th, 2010

The office location, or department, where the processing of financial transactions takes place. Source:forexglossary.com

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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

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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 [...]

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Cable

March 27th, 2010

The British pound/US Dollar exchange rate GBP/USD. Source:forexglossary.com

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Automated Trader

February 24th, 2010

A trader who uses an automated system to input trades without any human input.

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Authorized Dealer

February 24th, 2010

Depending on the regulatory body, a dealer authorized to deal in forex.

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Aussie

February 24th, 2010

Dealer slang for the AUD/USD currency pair.

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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”.

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Asset Class

February 24th, 2010

An item that has value; an investment such as stocks, options, or forex.

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