Exchange rate regimen where a currency’s exchange rate is pegged (fixed) in relation to a stronger currency, such as the US Dollar or the Euro. The pegged rate is adjusted occasionally in an attempt to improve the country’s competitive position. For example, China’s Yuan is sometimes pegged to the US Dollar.
This is the price at which the foreign exchange pair or CFD is offered.
A trader who uses an automated system to input trades without any human input.
A common type of charting method 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 horizontal line to the left of the bar, and the closing price, which is marked with a little horizontal line to the right of the bar.
The price at which a buyer is willing to buy in the market. The best bid is the highest bid price available.
A company that offers trading services to the public.
An order to execute a transaction at a specified price (the limit) or lower.
A type of chart which consist of four major prices: high, low, open, close. The body (jittai) of the candlestick bar is formed by the opening and closing prices. To indicate that the opening was lower than the closing, the body of the bar is left blank. If the currency closes below its opening, the body is filled. The rest of the range is marked by two “shadows”: the upper shadow (uwakage) and lower shadow (shitakage).
The money that a country uses. Currencies can be traded for other currencies on the foreign exchange market, so each currency has a value relative to another.
The money that a country uses. Currencies can be traded for other currencies on the foreign exchange market, so each currency has a value relative to another.
A trade opened and closed on the same trading day.
An individual or firm acting as a principal, rather than as an agent, in the purchase and/or sale of foreign exchange. Dealers trade on their own account and take on proprietary risk.
ECN stands for Electronic Communication Network.
This is the expression used to describe the value of one currency in terms of another. For example, in the exchange rate AUD/USD 1.04502, one Australian dollar is equal to 1.04 United States cents.
The seven leading industrial countries: The United States, Germany, Japan, France, United Kingdom, Canada, and Italy.
A strategy used to offset market risk, whereby one position protects another.
The ratio of margin to the maximum position size. With a deposit of $1000 and a leverage of 100, a trader could enter a position with a face value of $100,000. Leveraging allows you to profit quickly, but lose money just as fast.
Standardised method of trading in Forex, which requires a trade of 100,000 units of a particular currency.
A demand for additional funds to be deposited in a margin account to meet margin requirements because of adverse future price movements.
An order to buy or sell a financial instrument at the best possible price at the time the order is placed.
Difference between the buying and selling rates, also used to indicate the discount or premium between spot or forward.
Currency positions that have not been offset with opposite positions.
The difference between assets and liabilities in a particular currency. This may be measured on a per currency basis or the position of all currencies when calculated in base currency.
The difference between assets and liabilities in a particular currency. This may be measured on a per currency basis or the position of all currencies when calculated in base currency.
The value difference between the bid and ask price of a currency pair.
An arrangement whereby a position is automatically closed out when it reaches a certain loss or when exchange rates reach specified values.
The number, or value, of securities traded during a specific period.
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