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Posts Tagged ‘Forex Glossary’

Good-Till-Сancelled order (GTC)

January 18th, 2010

type of limit order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day. A GTC option order is an order which if not executed will be automatically cancelled at the option’s expiration.

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Bank of Japan

January 18th, 2010

The central bank of Japan. The Bank is often called Nichigin (日銀) for short. The Bank of Japan is headquartered in Nihonbashi, Tokyo, on the site of a former gold mint (the Kinza) and, not coincidentally, near the famous Ginza district, whose name means “silver mint”. www.boj.or.jp/en/

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Swap

January 18th, 2010

A transaction that moves the maturity date of an open position to a future date.

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Slippage

January 18th, 2010

It’s the experience of not getting filled at (or even very close to…) your expected price when you place a market order or stop loss. This can happen because either: market price is simply moving too fast, the market is not liquid or you’re talking to an unmotivated broker.

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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 [...]

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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 [...]

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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 [...]

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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. [...]

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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 [...]

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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 [...]

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