Forex Average Rates
Forex Terminology for Beginners
Online Forex Glossary provided by Etoro.com
Ask (Offer) – price of the offer, the price to buy for.
Bear – If someone has a negative view of a particular currency and believes that its price will drop, which are said to be "pessimistic" about the currency.
Supply (demand), the price of the demand, the price to sell.
Bull – If someone has a vision positive for a certain currency and believes that its price will rise, said to be "optimistic" about the currency.
ECB (European Central Bank) – The main regulatory body of the European Union funding.
Fed (Federal Reserve) – the main regulatory body United States financial system, a division of which the FOMC (Federal Open Market Committee), regulates, among other things, federal interest rates.
Fundamental analysis – An analysis based exclusively on Forex news, economic indicators and global events.
GDP (Gross Domestic Product) – this is a measure of national income and output for the economy of a country. One of the indicators major currency.
Limit – A limit is placed in a trade so that after leaving a speculator has won a number expected pips.
Long – one currency trading under the assumption that its price will rise – a 'buy' trade ..
The loss – the loss of long-closed position at a lower rate of opening or short position with higher rate of opening, or if the benefit a closed position is less than a brokerage commission on it.
Lot – certain quantity of units or amount of money accepted for operations handling (usually a multiple of 100).
Momentum – the measure of the coin is the ability to move in any given direction.
Moving Average (MOU) – one of the most basic technical indicators. Shows the calculated average on a number of time periods. Exponential Moving Average (EMA), the weighted moving average (WMA), etc are just ways to weigh the types and frequency.
Open Position (Trade) – position on buying (long) or selling (short) for a currency pair.
Order – To a broker to buy or sell the currency with a certain rate.
Pip – I P rice Media P oint nterest and refers to the lowest figure for any pricing, so if GBPUSD increased from 1.9443 to 1.9450, increased 7 pips.
Pivot Point – the primary support / resistance calculated based on the previous point, the trend of high, low and prices Close.
Principal Value – the initial amount of money invested.
Profit (Gain) – Positive amount of money gained for closing the position.
About the Author
Dan Lares is a Forex analysist at Etoro.com
88 Forex Trading Understanding Currency Rate Movements