New Zealand dollar
December 31st, 2009
The New Zealand dollar is the currency of New Zealand. It also circulates in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is divided into 100 cents.
Electronic Communication Network
December 31st, 2009
ECN
An electronic communication network (ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. FX ECNs broker provide access to an electronic trading network, supplied with streaming quotes from [...]
ECN broker
December 31st, 2009
Forex ECNs broker provide access to an electronic trading network, supplied with streaming quotes from the top tier banks in the world. By trading through an ECN broker, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace.
Electronic Communication Network
December 31st, 2009
ECN
An electronic communication network (ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. FX ECNs broker provide access to an electronic trading network, supplied with streaming quotes from [...]
V
November 27th, 2009
1.
Valuation
The process of determining the value of an asset or company.
2.
Value Date
The settlement date for a currency contract, usually two business days. For USD/CAD it is one business day.
3.
Variation Margin
Funds, which are required to bring the equity in an account back up to the initial margin level, calculated on a day-to-day basis.
4.
Volatility
Measure of how much [...]
U
November 27th, 2009
1.
Unconvertible Currency
A currency that cannot be exchanged for another because of foreign exchange regulations.
2.
Uncovered
See Open Position.
3.
Under-Valuation
See Undervalued.
4.
Undervalued
When a currency is below its purchasing power parity it is considered undervalued.
5.
Unit
A widely used quantity of currency. In FXTrade, one unit of USD is equal to one United States dollar, while one unit of EUR is one euro. [...]
S
November 27th, 2009
1.
S/N Roll
See Spot/Next Roll.
2.
Same Day Transaction
A position that is opened and closed on the same day.
3.
Sell Limit Order
An order to execute a transaction only at a specified price (the limit) or higher.
4.
Sell Stop
A limit order with a limit placed below the current market price. Once triggered, the limit order becomes a market order.
5.
Selling Rate
Same as [...]
R
November 27th, 2009
1.
Rainbow Option
An option that has two or more underlying assets. The option only pays out when all the underlying assets act accordingly.
2.
Rally
A period where prices surge upward.
3.
Range
The difference between the highest and lowest price of a currency pair during a given trading period.
4.
Rate
Price at which a currency can be purchased or sold against another currency.
5.
Rate [...]
Q
November 27th, 2009
1.
Quantitative Analysis
A technique used to analyze an observed behavior by employing complex mathematical and statistical modeling, measurement, and research.
2.
Quantitative Easing
Quantitative easing is a monetary tool used by central banks to encourage spending within an economy. One of the most well-known instances of quantitative easing remains the Bank of More…
3.
Quote
When both a bid and ask price [...]
