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Dealer slang for the AUD/USD currency pair.

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

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An item that has value.

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See Ask.

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The price at which sellers are willing to sell a currency pair, also known as the ‘offer’, ‘ask price’, and ‘ask rate’.

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An option that pays off according to the average prices of the underlying asset over time.

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Profiting from differences in the price of a single currency pair that is traded on more than one market.

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Application Programming Interface, used in forex to automate trading.

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Trading that is conducted through an Application Programming Interface. APIs, such as the one available for FXTrade, enable users to build custom trading functionality into their own software systems.

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