One can make good profits in forex trading. One needs to have the best forex system trading. It is good to have a system that makes you win 6 out of 10 times. But that is not the only requirement. One has to learn how to manage his money. It is quite certain that we [...]
There are many forex money trading solutions that are present in the market to enable you to achieve success in the field. These trading software not only do the basic functions of buying and selling of currency but also provide market analysis, show current market status and project future trends, manage portfolios, provide guidance in [...]
G7 – The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.
Going Long – The purchase of a stock, commodity, or currency for investment or speculation.
Going Short – The selling of a currency or instrument not owned by the seller.
Gold Certificate – A certificate of ownership that gold investors use to [...]
Factory Orders – The dollar level of new orders for both durable and nondurable goods. This report is more in depth than the durable goods report which is released earlier in the month.
Federal Reserve (Fed) – The Central Bank for the United States.
First In First Out (FIFO) – Open positions are closed according to the [...]
Economic Indicator – A government issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.
End Of Day Order (EOD) – An order to buy or sell at a specified price. This order remains open until the end of the trading day which is [...]
Day Trader – Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day.
Dealer – An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position [...]
Cable – Trader jargon referring to the Sterling/US Dollar exchange rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800’s.
Canadian Ivey Purchasing Managers (CIPM) Index – A monthly gauge of Canadian business sentiment issued by the Richard Ivey Business School.
Candlestick Chart – A chart that indicates the [...]
Balance of Trade – The value of a country’s exports minus its imports.
Bar Chart – A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and the [...]
A
Accrual – The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (Interest Arbitrage) deals , over the period of each deal.
Adjustment – Official action normally by either change in the internal economic policies to correct a payment imbalance or in the official currency rate or. Adjustment – Official [...]
Definition:
Currency Name: Canadian Dollar
Currency Country: Canada
Currency Symbol: CAD
Exchange: Interbank
Quote Style: USD/CAD 1.03
Nickname: Loonie
Correlations: The Canadian Dollar beats to it’s own drum
Best Trading Times: The best trading time for the CAD is during the New York Trading session in the US. That would be 7AM to 4PM Eastern time(1200GMT – 2100GMT).
Fun Fact: The Canadian Dollar is [...]
