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Glossary of foreign exchange terms


Accrual Accumulation and draw:The accumulation of interest and discounts in forward foreign exchange transactions resulting from the swap deposit (arbitrage) trade.

Adjustment Policy changes:Government behavior is usually manifested in changing domestic economic policies to deal with imbalances or adjusting the domestic exchange rate.

Analyst analysts:A person who performs analysis of company data, economic data, or price charts to make trade recommendations.

Appreciation appreciation:A rise in the price of a currency due to increased market demand is called an "appreciation".

Arbitrage arbitrage:A position in which an investment product is bought or sold while simultaneously trading the same amount in the opposite direction in the relevant market to take advantage of small price fluctuations between different markets.

Asian central banks Asian central Banks:It is a non-governmental non-profit monetary and financial institution chartered by the public authorities of Asian countries or regions. It has the characteristics of intergovernmental organizations and non-governmental organizations. It is the central bank of the central Banks of Asian countries and regions.

Asian session The Asian market:23:00 – 08:00 (Tokyo)。

Ask/OfferPrice (retail buyer):The price at which the market is prepared to sell a product. Two-way quotation at "buy/sell" price. Banker selling price is also known as retail buying price. In foreign exchange, it means that the trader can buy the base currency at this price, the figure to the right of the quote. For example: EUR/ USD is quoted at 1.0762/64, the base currency is euro, and the bookmaker is selling at 1.0764, meaning you can buy 1 euro for $1.0764.

AUS200:Australia's standard & poor's 200 index.

ATrade at t Best:An order for a trader to buy at the lowest price or sell at the highest price.

At or Better Trade at this price or better:An order to trade at a certain price or better。

Aussie:Also known as "Oz" or “Ozzie” ,Australian dollar/us dollar currency pair.

Balance of trade Balance of trade:The difference between a country's exports and imports。

Bar chart Bar charts:One of the types of foreign exchange charts that has four important components: the high and low prices that make up the vertical height and the opening prices (shown as a dash to the left of the vertical line) and the closing prices (shown as a dash to the right of the vertical line).

Barrier optionBarrier option:The main function of this option is to automatically form other buy and sell options when interference occurs, and the degree of change of financial option standards is very strange. Once the preferred bond price reaches a significant level, the barrier option becomes quite active or disappears.

Base currency Base currency:Of a currency pair in which the preceding currency is exchanged. Quotes are usually expressed as how much a unit of base currency is worth in other currencies. For example, if USD/CHF=0.9720, that means $1 (base currency) is worth 0.9720 Swiss francs. In foreign exchange markets, it is common to place the dollar at the top of a currency pair as the "base currency" of an offer, which is expressed as how much a dollar is worth in other currencies. The exceptions are sterling, the euro and the Australian dollar, which typically trade at the bottom of the dollar.

Base rateBase rate:Is the interest rate with the general reference function in the financial market. Other interest rates or financial asset prices can be determined according to this basic interest rate level.

Basing Is the interest rate with the general reference function in the financial market. Other interest rates or financial asset prices can be determined according to this basic interest rate level.:A period in which the trading price of a stock, for example, changes little or nothing.

Basis pointBasis point:A unit of measurement used to describe the smallest change in the price of a product.

Bearish/Bear market Bear market/bear market:Adverse price movements that cause the market to fall are called bear markets because bears are pessimists on Wall Street. A bear market is the opposite of a bull market. It is said that a bear's eyes look down when it is about to attack or attack another person. For example, "we are bearish on the euro/dollar", which means we think the euro will move lower against the dollar.

Bears Bears:A bearish trader who takes a short position in the belief that prices will fall.

Bid Price Purchase price:The market is preparing to buy the price of a product. Two-way quotation at "buy/sell" price. In foreign exchange trading, the purchase price indicates that the trader can sell the base currency at this price, which is to the left of the quoted price of the currency pair. For example: EUR/USD 1.0762/64, base currency is euro, buy price is 1.0762, meaning you can sell 1 euro at $1.0762.

Bid/ask spread Buy/sell price difference:The difference between the buying and selling prices.

Big figureLarge number of:The first two or three digits of a foreign exchange quote. For example, if USD/JPY quote is 120.06/08, then 120 is the large part. Similarly, the quote EUR/USD 1.0762/64, 1.07 is large. Since large parts of the exchange rate are usually less volatile, verbal quotes are often omitted. The price quoted EUR/USD 1.0762/64 is generally spoken as "62/64".

BIS Bank for international settlements:The central Banks of Britain, France, Germany, Italy, Belgium, Japan and other countries, together with the Banks representing the interests of the United States, such as Morgan bank, New York and Chicago citibank, were jointly established in May 1930 under the Hague international agreement and headquartered in Basel, Switzerland. It is an international organization dedicated to international monetary and fiscal policy cooperation, composed of more than 50 national central Banks.

Black box Black box:Refers to design a good trading strategy in advance and then compiled into a computer program, using a computer to perform the brain of trading strategies, this strategy is based on previous price movement rule, chart patterns or signal or fundamentals or report, and the motion law and summarized it can follow the pattern is a trend, also can be the trend model, or other such as cycle trading pattern, determine the timing of the trade order, price and quantity, etc.

Blow off Price rapidly rising after falling, bubble head:Price rapidly rising after falling, bubble head:

BOC:Central bank of Canada。

BOE:Bank of England.

BOJ:The bank of Japan.

Bollinger bands Brin channel:A tool used by technical analysts. This channel draws two standard deviations on each side of the moving average, often used to indicate support and resistance levels.

Bond bond:A debt investment in which an investor borrows money at a specified interest rate and for a specified period from an entity (a corporation or a government) in need of funds. The investor receives a certificate, a bond, stating the interest rate (coupon) available to the investor and the date of repayment (maturity date).

Book Accounting book:In a professional trading environment, a book is an overview of a dealer's or counter's total positions.

British Retail Consortium (BRC) shop price index BRC shop price index:A measure of inflation by surveying different retailers. It measures only changes in the price of goods bought at retail stores.

Broker Broker:A person or company that ACTS as a middleman and has relations with the buyer and seller for the purpose of collecting fees or commissions. A "trader", in contrast, operates the money and takes a long or short position, hoping to make a spread (profit) by unwinding the position in a subsequent trade with the other party.

Buck:Market jargon used to refer to a million dollar base currency pairs or as a dollar umbrella.

Bullish / Bull market Bull market/bull market:Support market strength and price upside. For example: "we are bullish on the euro/dollar" means we think the euro will rise against the dollar. Investors are bullish on the market and expect prices to rise, so they buy when prices are low and sell when prices rise to a certain level in order to make a difference. Generally speaking, people usually call a market that keeps going up for a long time a bull/long market. The main feature of a bull market is a series of large gains and small losses.

Bulls bulls:A trader who takes a long position in anticipation of rising prices.

Bundesbank bundesbank:The German central bank.

Buy buy:Also called "long", refers to the purchase of a currency, bullish.

Buy dipsBuy on dips:Waiting for a 20-30 points up the space of the callback trend, is a phase of trading.

Cable Pounds per dollar:Trade term for pound/dollar. The reason for the name "Cable" is that exchange rates were first transmitted over Atlantic cables in the mid-19th century.

CADCanadian dollar:Also called Loonie or Funds.

Call option Call option:Currency transactions that seek interest rate differentials between the two countries. A trader obtains a spread between two countries by selling a low-yielding currency and buying a high-yielding currency during the duration of the transaction.

Canadian Ivey Purchasing Managers (CIPM) index Canadian purchasing managers' (CIPM) index: a monthly index published by Richard ive business school to observe Canadian business sentiment.

Candlestick chart The candle graph:A chart showing the trading range of the day and the opening and closing prices. If the opening price is higher than the closing price, the rectangle between the opening and closing prices is solid. If the closing price is higher than the opening price, the chart area is hollow.

Capitulation Capitulation sale:At some point at the end of an extreme move, a trader with a losing position unwinds his position and exits. This often signals that an expected reversal is imminent.

Carry trade The carry trade:A trade strategy of buying long a relatively high-yielding currency and shorting a relatively low-yielding currency to earn a spread. For example, the New Zealand dollar/yen was a famous carry trade for some time. The New Zealand dollar is a high-yielding currency, while the yen yields less. Traders looking to take advantage of such spreads buy New Zealand dollars and sell yen, or go long New Zealand dollars/yen. If the NZD/jpy downward trend is prolonged, it is most likely due to changes in interest rates, at which point the carry trade is called "unwinding".

Cash market Spot market:The market within the actual underlying market on which a derivative contract is based.

Cash price The spot price:The price of the product for immediate delivery, that is, the price of the product at that moment.

CBs:Abbreviation for central bank

Central bank Central bank:A government or quasi-governmental organization that administers a country's monetary policy. For example, the central bank of the United States is the federal reserve bank, and the central bank of Germany is the bundesbank bank.

CFDs:CFDS are financial derivatives that show changes in the value of an underlying asset, such as an index or a stock. It allows the trader to leverage his capital (by trading much higher than the nominal principal of the account) and to provide the trader with the full benefits of the product without actually owning it. In practice, if you buy a CFD trade for $10 and sell it for $11, you get a $1 profit on the difference. Conversely, if you short the trade and sell it for $10 and then buy it back for $11, you pay a $1 difference.

Chartist Chart analyst:People who use charts, graphs, and historical data to find price trends and predict future trends.

ChoppyDisorder market:Follow - up is limited, against the short - term price action of aggressive trading.

Cleared funds Liquidation funds:Funds that can be used to liquidate a transaction at any time.

Clearing The liquidation:The process of closing a transaction.

Closed positionThe position has been closed:Exposure to financial contracts, such as currencies, is gone. To close a position by offsetting the open position with an equal amount of reverse trading. Once closed, the position is "closed".

Closingunwind:The process of stopping an existing trade by performing the exact opposite of an open trade.

Closing price Closing price/closing price:The price at which a product position is closed. It also refers to the price of the last trade of the day.

Collateral collateral:An asset assigned to secure a loan or guarantee the performance of a loan.

Commission commission:A charge for buying or selling a product.

Commodity currencies Commodity currency:Currencies of economies heavily dependent on natural resources for exports; It often refers to the currencies of Canada, New Zealand, Australia, and Russia.

Components Components:Dollar currency pairs that make up a cross (e.g., euro/dollar component is usd/euro + usd/yen). To establish a cross position by selling a dollar currency pair alternately.

COMPX:Represents the NASDAQ composite index.

Confirmation Confirmation letter:An exchange document between the parties in which the terms of the transaction are stated.

Consolidation Correction:In the price trend after a period of wide range volatility.

Construction spending U.S. construction spending data:The census bureau of the Commerce Department releases monthly data to measure new construction spending.

Contagion Economic contagion:The tendency of an economic crisis in one market to spill over into other markets.

Contract contract:Standard unit for foreign exchange transactions.

Contract note Summary of the contract:A sending confirmation that Outlines the exact details of a transaction.

Contract size Contract size:The nominal amount embodied in a contract for difference.

Controlled riskA controlled risk:A situation in which risk is limited by a guaranteed stop loss.

Convergence of MAsMoving average convergence:A technical observation describing the convergence of moving averages over different periods of time, which usually indicates a price consolidation.

Corporate actionCorporate behavior:An event that changes the structure (and usually the price) of a stock. For example, acquisitions, dividends, mergers, stock splits and spin-offs are corporate activities.

Corporates Company:A company that enters the market for hedging or financial management. Companies are not always as price-sensitive as speculative funds, and their investment interests are quite long-term, making them less valuable for short-term transactions.

Counter currency Relative monetary:The latter currency.

Counterparty counterparty:A party to a financial transaction.

Country risk Country risk:Risks associated with cross-border transactions, including but not limited to legal or political situations.

CPI:A measure of inflation, short for the consumer price index.

Crater Fall mouth:The market is ready for a big sell-off.

Cross (e.g. Yen cross) Cross (e.g., yen cross) :Currency pairs that do not include dollars.

Crown currencies Crown currency:Canadian, Australian, British and New Zealand dollars (all commonwealth currencies).

CTAs:Commodity trading advisors are investment type traders that act like short-term hedge funds, often chicago-based or futures-oriented.

Currency currency:Any form of money issued by a government or central bank as legal tender or as a benchmark for transactions。

Currency Pair Currency pairs:The two currencies that make up the foreign exchange rate. For example, EUR/USD (euro /USD).

Currency Risk Currency risk:The risk of adverse exchange rate movements.

Currency symbols Currency symbol:A three-letter symbol representing a specific currency, such as USD.

Current Account Current account:Total balance of trade (exports of goods and services minus imports), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid funds). The balance of trade is the core element of the current account.

Day Trader Day trader (day trader) :A speculative trader in a commodity market who usually makes a profit by closing a position on the day.

Day trading Day trading:To open and close a trading position in the same product within one day.

Deal Trade:A term used to indicate that a transaction is made at current market prices. For real-time transactions, as opposed to orders.

Dealer traders:A person or firm acting as a trading party or bookmaker. The banker, as one side of the position, gains from the spread by liquidating the other side's trading position. Brokers, on the other hand, are intermediaries or intermediaries who profit from traders' commissions or trading fees.

Dealing spread Trading spread:The difference between the buying and selling price of a contract.

Defend a levelDefend the level:The act taken by one or a group of traders to prevent a product from trading at a given price or price area, usually because they have a vested interest in it, such as a barrier option.

Deficit Deficit:In short, expenditure is greater than income.

Delisting Delisting:Shares listed on the exchange were delisted.

Delivery delivery:In foreign exchange transactions, the parties actually exchange currencies according to the contract.

Delta The fourth letter of the Greek alphabet. The caps for Δ, lowercase for the delta) : < / strong > products price changes and changes the ratio between the market price.

Department of Communities and Local Government (DCLG) Department for communities and local government (DCLG) UK house price data:Published monthly by the DCLG, it monitors price movements in the UK housing market, using data on a large number of homes sold.

DepreciationExchange rate fell:A decline in the price of a currency for market reasons.

Derivative Financial derivatives:A contract in which the value of a stock, futures, or other investment vehicle changes as the price of the underlying or related stock changes. Options are the most common type of derivative.

Devaluation Currency devaluation:The act, usually by a government, of deliberately lowering the price of the country's currency.

Discount Rate The discount rate:Interest paid to the central bank by qualified depository institutions for borrowing short-term loans directly from the central bank。

Divergence From:In technical analysis, a situation in which a price moves in the opposite direction to the momentum of momentum, such as a price going up and the momentum going down. Deviation is divided into positive deviation (bull deviation) and negative deviation (bear deviation); Both divergencies mark a change in the direction of prices. Positive/bullish divergence occurs when stock market prices build to new lows and momentum indicators begin to climb. A negative/bear divergence occurs when stock prices move from new highs, but indicators fail to follow suit and fall. Divergences frequently occur when price movements are excessive and often end in price movements reversing and following momentum indicators.

Divergence of MAs Moving average deviation:A technical observation that describes how moving averages move away from each other over time, usually predicting price trends.

Dividend Bonus:The amount of a company's earnings that is distributed to its shareholders, usually in terms of the value of each share.

DJIA or Dow (DJIA and Dow):The dow Jones industrial average or the US 30 index。

Dovedove:Dove refers to data or policy views that imply looser monetary policy or lower interest rates, as opposed to hawks.

DowntrendDowntrend:Price action consists of lower lows and lower highs。

DXY$Y:It's the dollar index.

European Central Bank (ECB) European central bank (ECB):The central bank of the new European Union.

Economic Indicator Economic indicators:Data released by a government or authority that shows the current pace and stability of the economy. Common economic data include employment, gross domestic product, inflation and retail sales.

End Of Day Order (EOD) On the day of the order:An order to buy or sell a currency pair at a certain price. It is valid before the market is closed on that day (5 p.m. Edt).

EST/EDT:New York time zone, indicating eastern standard time/eastern daylight time.

ESTX50:Euronext 50A term for an exponent.

EURO:Eurozone currency.

European Monetary Union (EMU)European monetary union (EMU):A combination of policies designed to regulate economic and fiscal policies among member states of the European Union.

European session European time:07:00 – 16:00(London time)

Eurozone Labor Cost Index Eurozone Labour cost index:The annual index, which monitors the level of inflation in the compensation and earnings of domestic workers, is seen as the main driver of overall inflation.

Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator OECD leading indicator: an indicator published monthly by the OECD. It measures the overall state of a country's economy by combining ten leading indicators (average working week, new orders, consumer expectations, building permits, share prices and spreads).

EX-dividendIn addition to interest rates:The purchaser waives the next dividend and ascribes the interest to the form of stock purchase by the seller.

Expiry date / priceMaturity date/price:The exact date and time on which the option will expire. The two most common options expire at 10:00am est (also known as 10:00 New York time or New York time) and at 3:00 PM Tokyo time (also known as 15:00 Tokyo time or Tokyo time). As a result of spot market hedging, these periods often see the increase in market activity.

Exporters Currency exporter:Goods are sold around the world, which in turn turns them into foreign currency sellers and domestic currency buyers. It is often used to refer to large Japanese companies, such as Sony and Toyota, as natural sellers of dollars against yen in exchange for the dollars they earn from selling goods around the world.

Extended Move over:Markets are seen as moving too fast.

Factory Orders Factory orders:Total value of orders for durable and non-durable goods expressed in us dollars. Deeper than the durable goods orders it announces earlier each month.

Fair value Fair value:The difference between the derivative contract price and the underlying spot market price. Fair value means there is no arbitrage opportunity between the two prices.

Fed The federal reserve:The federal reserve bank of the United States, the central bank of the United States, or the federal reserve's policy-setting committee, the federal open market committee.

Fed officials Fed official:A member of the board of governors of the United States federal reserve or President of a regional federal reserve bank.

Figure / The figure:Refer to as00-03 (1.2600-03) The "00" numeric part of the first class quotation, which can be read as "figure 3". If a person sells for 1.2600, the trader may call it "the figure was given" or "the figure was hit".

Fill Clinch a deal:When the order is fully executed.

Fill or kill All deal or cancel:Order cancelled if not completed.

First In First Out (FIFO) First in, first out (FIFO):All open positions are closed on a first-in, first-out basis. That is, for all positions held in a currency pair, the positions will be closed according to the order of construction, the positions held first closed, the positions held later closed.

Fix The fixing:The operation of buying or selling large quantities of foreign exchange to execute a commercial customer order. Normally, these fixings cause related market volatility. The usual hours are as follows (both New York times) :

5:00am ——Frankfurt
6:00am -- London
10:00am -- WMHCO world market trading company
11:00am -- WMHCO, more important
8:20am -- IMM
8:15am -- ECB

economic data reading is consistent with the level of the previous period, there is no change.

foreign exchange term for a position in which all reverse trades have been settled. For example, if you buy for $500,000 and sell for $500,000, your current position is closed.

Follow-throughFollowing trend:New buying or selling interest occurs after a directional break in a particular price level. A lack of follow-through generally means that the direction of the trend will not last or will reverse.

FOMC:The federal open market committee, the policy setting committee of the federal reserve.

FOMC minutes FOMC Meeting minutes:The written minutes of the FOMC meeting issued three weeks after the policy-setting meeting. The minutes provide insight into the FOMC's deliberations and can trigger strong market reactions.

Foreign Exchange (forex, fx) Foreign exchange transaction:Forex, or FX, is buying one currency and selling another.

Forward Forward exchange transaction:Refers to the transaction in which both sides of the transaction establish the exchange rate and contract in advance according to the spread of the transaction currency, and then actually deliver the transaction when it comes due in the future.

Forward Points Forward points:Points that are added or subtracted from the current exchange rate to calculate the forward rate。

FRA40:An index of the 40 largest listed companies (market capitalisation) on the French stock exchange. The FRA40 index is also known as the CAC 40 index.

FTSE 100:UK 100 An index of the 40 largest listed companies (market capitalisation) on the French stock exchange. The FRA40 index is also known as the CAC 40 index.

Fundamental AnalysisFundamental analysis:An analysis of the economic and policy aspects of an investment to identify its future price trend.

Fundsfund:The type of hedge fund in which the market is active; It is also another industry term for U.S. dollar/Canadian dollar currency pairs.

Future futures:An agreement between two parties to execute a transaction at a specified time in the future at the current agreed price.

A standard Contract whereby two parties agree to deliver a commodity or investment product at a specified time in the future at an agreed price. The basic difference between futures and forward transactions is that futures are generally traded on futures exchanges (exchange-traded contracts, ETC), while forward transactions are over-the-counter (OTC). An over-the-counter (OTC) transaction is any transaction that takes place on a venue other than an exchange.

G7The group of seven:The world's seven leading industrial nations are the United States, Germany, Japan, France, Britain, Canada and Italy.

G8The group of eight:G7 plus Russia.

Gap / Gapping Jump empty:Markets move sharply, with prices jumping through multiple levels without any trading. Short jumps often occur after economic data or news releases.

Gearing (also known as leverage or margin) Leverage ratio (leverage or margin) : leverage ratio means that the notional principal of a trade exceeds the amount of money the trader needs to hold in his account. Expressed as a percentage or fraction.

GER30:An index of the 30 largest listed companies on the German stock exchange, another name for the DAX。

Given sell:Purchase price accepted or interest in selling.

Giving it up Step aside:The skill level was lost in battle。

GMT:Greenwich mean time, the most widely used time zone for foreign exchange markets. In contrast to daylight saving time/daylight saving time, the GMT remains the same throughout the year.

Going Long Do more than:The act of buying stocks, futures, or currencies for investment or speculative purposes.

Going Shortshort:Gold (gold relationship) : gold is seen as the opposite of the dollar. The long-term correlation coefficient is negative most of the time, but the shorter correlation is less reliable than the former.

Gold (Gold’s relationship)Gold (gold relationship) : gold is seen as the opposite of the dollar. The long-term correlation coefficient is negative most of the time, but the shorter correlation is less reliable than the former.

Gold CertificateGold note: a property certificate used by gold investors to buy or sell gold.

Gold Contract Gold contract: the standard unit for gold transactions is a gold contract. One gold contract = 10 Troy ounces.

Good for day Day of validity: an order that expires at the end of the day if it is not completed.

Good’Til Cancelled Order (GTC) Valid until cancelled (GTC) : an order specifying the transaction price will remain valid until closed or cancelled.

Good’til dateExpiration: a type of order that expires if it is not completed by the specified date.

Greenback:Another name for the dollar.

Gross Domestic Product Gross domestic product (GDP) : refers to the total value of goods and services produced by all economic activities within a country, whether domestic or foreign. GDP, a measure of how fast a country's economy is growing (or shrinking), is seen as the broadest measure of output and growth.

Gross National Product Gross national product (GNP) : the total value of goods and services produced by all nationals within a country over a period of time.

Guaranteed order Guaranteed order: protects the trader from a market selloff by ensuring that the order is executed at a predetermined price.

Guaranteed stopGuaranteed stop-loss: a stop-loss order that guarantees the liquidation of a position at a specified level if the market price reaches or exceeds that level. Even in the event of a market jump, this type of order can still guarantee a stop loss.

Gunning, gunned Breakout: refers to the investor who pushes to trigger a known stop point or market skill level.

Handle Large Numbers: for every 100 points in the fx market starting at 000.

Hawk – hawkish Monetary policy makers are called "hawks" when they think they need to raise interest rates, usually to fight inflation or curb excessive growth, or both.

Hedge Hedging: , also known as hedging, refers to the establishment of one or more positions to reduce the risk of a position.

“Hit the bid” To close: means to promise to sell or buy at the selling or buying price.

HK50 / HKHI:hang seng index.

Illiquid Illiquidity: market volume is small. Lack of liquidity often leads to volatile market conditions.

IMM International money market: the international money market, the money futures market in Chicago, is an integral part of the Chicago mercantile exchange.

IMM futures International money market (IMM) futures: is a traditional futures contract based on a major currency against the dollar. IMM futures are traded on the Chicago mercantile exchange.

IMM session International money market (IMM) trading session: New York 8:00am - 3:00pm.

INDU:Abbreviation for the dow Jones industrial average.

Industrial Production Industrial production: measures the real output of manufacturing, mining, and utilities, based on quantity, not quantity. Sensitive to growth or contraction, it is a leading indicator of employment and income.

Inflation Inflation: , especially an economy in which prices rise and consumers' purchasing power declines.

Initial Margin An initial public offering of stock by a private company is short for an initial public offering.

IPO:An initial public offering of stock by a private company is short for an initial public offering.

Interbank Rates Inter-bank exchange rate: mutual foreign exchange quotes between large multinational Banks.

Interest Interest: a cash adjustment reflecting the effect of owing or receiving notional assets under a CFDS position.

Intervention Currency intervention: central is the act of intervening in the market to control the price of the currency. Joint intervention is when central Banks work together to control the exchange rate.

Introducing Broker Broker: introduces to GO Markets the entity that earns commissions on an account, whether it's a company or an individual.

INX:It represents the s&p 500

ISM Manufacturing Index “Institute for supply management manufacturing index: an index that measures the overall state of manufacturing by examining future production, new orders, inventories, employment, and deliveries. The value is divided by 50, where more than 50 indicates expansion and less than 50 indicates contraction.

ISM Non-Manufacturing “Institute for supply management non-manufacturing index: survey of the outlook for the services sector, which makes up the other 80% of the U.S. economy, in addition to the manufacturing index. The value is also divided by 50, where more than 50 indicates expansion and less than 50 indicates contraction.

Japanese Economy Watchers Survey Japan economic observer index: a measure of confidence in service industries such as waiters, drivers and beauticians in direct service industries. A reading above 50 indicates a good reading.

Japanese Machine Tool Orders Japanese machine tool orders: machine tool manufacturer's total new orders. Machine tool order is a measure of machine manufacturing demand indicators and grasp the future industrial production status of the leading indicators. Strong performance means manufacturing is doing well and the economy is expanding.


Keep the powder dry Be prepared, just in case: limits trading in harsh trading environments. Whether in a volatile or tight market environment, it's best to stay on the sidelines until a clear market opportunity emerges.

Kiwi:Another name for the New Zealand dollar.

Knock-ins Type option: an option strategy that requires the underlying product to trade at a certain level before the option has been purchased. An option is entered to reduce the additional cost of the underlying option and, once the option is in effect, can trigger hedging.

Knock-outs Knock out option: an option that invalidates a previous call when the underlying product trades at a certain level. Once traded at the touch failure level, the underlying option no longer exists and the hedge may have to be unwound.

Last dealing day Last trading day: the last day on which a particular product can be traded.

Last dealing time Last trading time: the last time a particular product can be traded.

Leading Indicators Leading indicator: is used to predict future economic activity.

Level Level: a price range and special price that is technically significant or based on the reported order/option interest.

LeverageLeverage: , also known as margin, is the amount of money that can be traded in addition to the amount of money you actually have, expressed as a percentage or fraction. It allows the trader to trade substantially more than the nominal principal of all his actual funds. For example, 100:1 leverage means you can trade 100 times the notional principal of your account.

Leveraged names Leveraged trader: short-term trader, mostly referring to the hedge fund community.

LiabilityLiabilities: potential losses, liabilities, or financial obligations.

LIBOR:The London interbank offered rate, or libor, is the rate at which Banks lend to each other.

Limit orderStop order: if you want to trade a currency pair at a better price than the current price (sell price is higher than the current price, buy price is lower than the current price), you can do so by setting the stop order. For example, if the current exchange rate of USD/JPY is 120.28/30, then the stop-profits order can be set to buy USD/JPY below 120 (for example, 119.50).

Liquid market Markets with sufficient liquidity: markets with sufficient number of buyers and sellers to allow prices to move smoothly.

Liquidation Clearing: is the act of closing a position by trading against a position equal to an open position.

LiquidityAccommodation: the ability of a market to accept large transactions with little or no effect on price stability.

London session  London market: 08:00 -- 17:00 (London)

Long position Long position: position that appreciates as prices rise. When buying the base currency of a pair of currencies, the position held is a long position.

LongsLong: a trader who buys a product.

Loonie:Us dollar/Canadian dollar trade slang.

Lot Number of hands: is the unit of the number of transactions. The total value of the transaction varies with the size of the random number.

Macro Macro trader: is the longest term trader who makes trading decisions based on fundamental analysis. A "macro" trader's position can last from six months to many years.

Manufacturing ProductionManufacturing production: industrial production in the total value of the manufacturing sector. Only 13 subsectors directly related to manufacturing were counted. Manufacturing accounts for about 80 percent of total industrial production.

Margin Margin: requires funds deposited by an investor at a dealer as security for a position.

Margin Call Cover notice: when the margin deposited due to the reverse exchange rate fluctuation fails to maintain the position, the broker or trader will issue a cover notice to the investor, requiring the investor to renew a certain margin to maintain the position.

Market capitalizationMarket value: the total value of a listed company, equal to the price of the stock multiplied by the number of shares issued.

Market Maker Market maker: is also known as a banker or marketer. In layman's terms, a dealer who holds an inventory of financial products and thereby undertakes to maintain a two-way trade in these products.

Market order Market order: order to buy or sell at current price.

Market Risk Market risk: market price changes caused by the risk.

Mark-to-Market Expiration date: the delivery date or expiration date of a financial product.

Maturity Expiration date: the delivery date or expiration date of a financial product.

Medley report Medley report: refers to medley global advisors, a market consultancy with close ties to central Banks and government officials around the world. Because they claim to hold inside information from policymakers, their reports often cause currency market volatility. The accuracy of the reports has been erratic for a long time, but in the short term the market will keep an eye on them.

Models Model: has the same meaning as black box. A system for automatic buying and selling based on technical analysis or other quantitative operations。

MoM Monthly growth rate: abbreviation for monthly growth rate, reflecting the change in the level of the month compared to the previous month over consecutive months.

MomentumKinetic energy: a series of technical studies to evaluate the rate of price change (e.g., RSI, MACD, stochastic indicators, and kinetic energy lines).

: a trader who follows the intraday trend and attempts to gain 50-100 points.

NAS100:cNet position: 's long position minus short position.。

Net Position Net position: 's long position minus short position.

New York session  New York market: 8:00am - 5:00pm (New York time).

No touch No-touch option: an option that pays the holder a fixed amount if the market does not hit a predetermined barrier level。

NYA.X:Stands for the nyse composite index.

Offer (also known as the Ask price) Dealer selling price (also known as retail buying price) : market selling price. Carry out buy/sell two-way quotation. Banker selling price is also known as retail buying price. The purchase price represents the price at which the trader buys the currency against the base currency to the right. For example, in the usd/CHF 0.9720/23 quote, the base currency is usd and the buy price is 0.9723, indicating that you can buy $1 for 0.9723 CHF.

Offered Sell market: if a market is called a "sell" trade, a currency pair is attracting significant selling interest or a lot of sell.

Offsetting transaction Offset trade: a trade made to offset the market risk of some or all of a position.

On top:Intended to sell at current market order prices.

One Cancels the Other Order (OCO) Two-way order (OCO) : means to set two orders at the same time, when one is closed, the other automatically cancelled.

One touch Pay at a touch: an option to pay a fixed amount to the holder if the market hits a predetermined barrier level.

Open order Open order: order that will not close until the price reaches the specified target price. It is usually set to "valid until cancelled".

Overnight Position Overnight position: position held until the next trading day.

Option Option: a derivative that gives the trader the right but not the obligation to buy or sell a product at a specified price by a specified date.

Order Order: order to close at a particular price.

Order bookWall book: shows the market capacity of traders who are willing to buy and sell at prices other than the best available.

Over the counter (OTC)Over-the-counter (OTC) : any trade made outside an exchange。

Overnight position Overnight position: position held until the next trading day.

PaidPayers: means the seller of the market transaction.

Pair Currency pairs: foreign exchange jargon for comparing one currency to another.

Paneled Sell: a rather violent round of selling.

The Parabolic market fluctuates in a very short amount of time, accelerating in a semi-parabolic fashion. A parabola can go up or down.

Partial fill Partial transaction: only partial transaction is executed.

Patient Patience: waits for certain levels or certain news events to affect the market before taking a position.

Personal Income Personal income: is the total amount of income an individual receives in a year, including salary, bonuses, and investment earnings. It is a key determinant of personal spending, which accounts for two-thirds of GDP in the leading industrial countries.

Pips Dot: the smallest unit of foreign exchange trading. Usually fourth place after the decimal point. Such as 0.0001 is called 1 point.

Political Risk Policy risk: will have a negative effect on investment policy changes caused by the risk.

Portfolio Portfolio: a group of investments held by an entity.

Position Position: net value of all positions held in a currency.

Premium Premium: in the foreign exchange market, when the forward rate is higher than the spot rate, it is called "premium".

Price Transparency Price transparency: refers to price transparency, where each market participant can get a fair price.

ProfitCorrection: trend the tendency of the market to retract some of its gains before continuing in the same direction.

Pullback Correction: trend the tendency of the market to retract some of its gains before continuing in the same direction.

Purchasing managers index (PMI) Purchasing managers' index: an economic indicator showing the performance of a domestic manufacturing company.

Purchasing Managers Index Services (France, Germany, Eurozone, UK) Service purchasing managers' indices (France, Germany, eurozone, UK) : measures the outlook for service purchasing managers. The survey included employment, production, new orders, supplier deliveries and inventory levels. The value takes 50 as the cut-off point. Above 50 means the economy is expanding, while below 50 means the economy is contracting.

Put option Put option: a product that the holder of is entitled to but not obligated to sell at a specified price.

QuoteQuotation: market price, generally used for informational purposes only.

Quantitative easing Quantitative easing: a situation in which a central bank injects money into the economy to stimulate growth.

Quarterly CFDs Quarterly CFDS: a futures contract that expires every three months (i.e., once a quarter).

RallyRebound: refers to the recovery of the exchange rate after a period of decline.

Range Range: the difference between the highest and lowest price of a foreign exchange or futures transaction within a specified period of time.

RateExchange rate: the price of one currency in another, usually used for trading purposes.

RBA:The reserve bank of Australia, the reserve bank of Australia.

RBNZ:The reserve bank of New Zealand, the reserve bank of New Zealand.

Real money Real money investors: large traders, including pension funds, asset managers, insurance companies, and so on. They are considered major indicators of long-term market interest, as opposed to shorter-term intraday speculators.

Realized profit / loss Realized gain/loss: position.

Resistance level Resistance level: ACTS as the price of the peak, as opposed to the support level.

Retail investor Retail investors: is an individual investor who trades with personal property funds and not on behalf of an institution.

Retail Sales Retail sales: total retail sales of all goods and services for the month in the form of a sample survey of different types and sizes of retailers. It can reflect the consumption expenditure of a country and is also an important indicator to measure the economic development of all major economies.

Revaluation Appreciation: an increase in the value of a currency due to central bank intervention. The opposite of depreciation.

Rights issue Rights issue: a corporate action whereby shareholders are entitled to buy more shares through a rights issue. Generally, the company intends to increase capital when the rights issue.

Risk Risk: refers to the risk caused by uncertainty, most of which occurs when the situation is reversed.

Risk Management Risk management: refers to the application of technical analysis or trading techniques to reduce and/or avoid various risks.

Roll-Over Overnight interest: interest earned or paid on a position held over 17:00 New York close, reflecting the spread between two currencies of one currency pair. Spot foreign exchange market is generally delivered after 2 trading days. If open on Monday, close on Wednesday. However, if the open position on Monday is open overnight (meaning the open position is still closed after 17:00 eastern time), then the delivery day will move to Thursday. Here's an exception: open positions on Wednesday and hold them overnight, so the delivery date should be Saturday, but because the bank is closed on Saturday, the delivery date should be postponed to the following Monday, so opening positions on Wednesday and holding them overnight will pay or earn an extra two days of interest. In the same way, if the closing date is a holiday, additional interest will be generated or earned.

Round tripTrade back and forth: refers to two actions: buy and sell.

Running profit/loss: is an indicator of the status of open positions; That is, unrealized funds that you can gain or lose by closing all open positions at the current time.

RUT:It's the Russell 2000 index

SEC:The securities and exchange commission

SectorSector: securities group for similar industries.

Sell Sell: expects the market to go down to establish a short position.

Settlement Settlement: refers to the reverse action of a trade. The settlement of foreign exchange transactions may or may not require the actual exchange of two currencies。

SHGA.X:Represents the Shanghai a-share index.

a Position that benefits from a decline in the exchange rate. When the base currency of a pair of currencies is sold, it is called a "short position".

Short squeeze Push short: traders are heavily short and market catalysts cause them to rush to cover (buy) positions leading to a sharp rise in prices.

Short-coveringShort covering: after a decline, traders who had been short begin to buy back.

Shorts Short: has sold or shorted a product, or is bearish on the market.

Sidelines, sit on hands Watching on the sidelines, holding currency watching:Directionless, chaotic, and uncertain market conditions keep traders away from the market, a situation known as "off-market" or "on the sidelines."

Simple Moving Average(SMA) simple moving average (SMA) : for all prices in a given period of time line. For example, the SMA line in the 50 session of the daily chart is the line that represents the average closing price over the last 50 days. You can apply any interval here.

Slippage Slip point: the difference between the requested price and the price obtained, generally due to changes in market conditions.

Slippery Volatile: industry term for a market that appears to be preparing to move quickly in one direction or another。

Sloppy Weakness: lacks any significant trends and/or persistent volatile trading environment.

SNB:The Swiss bank, the Swiss national bank.

Sovereign names Sovereign trader: refers to an active central bank in the spot market.

Spot MarketSpot market: means a spot trade in foreign exchange or commodity futures at the current market price.

Spot Price Spot price: current market price. Spot transactions are generally settled within 2 working days.

Spot Trade Spot trading: buying and selling foreign exchange or commodity futures for immediate delivery (as opposed to futures). Spot contracts are generally electronic.

Spread Dot difference: points difference between buying and selling prices.

SquareUnwinding: one buy, one sell, the act of closing a position.

SPX500:A name for the s&p index.

Sterling:Another name for pound sterling.

Stock exchangeStock exchange: a market in which securities are traded.

Stock index Stock index: can be used to evaluate the aggregate price of a group of stocks relative to its past performance.

refers to a level at which the market appears to be moving into a level that is thought to be flooded with stops. If a stop is triggered, a large number of stop loss orders are triggered, so prices often break through these levels.

Stop Order Stop loss order: automatically executes a buy or sell order when the market price reaches a preset level. When the market price reaches the order price, the stop-loss order becomes a market order executed at the most favorable and tradable price in the market. Keep in mind that if the market does not trade on the price of the order, the stop-loss order may be executed outside the price of the order due to a market jump or slip. Stop-loss orders will be closed at the next most advantageous and enforceable price in the market after the order price is triggered.

Stop Loss Entry Stop loss entry order: buy order set above current price or sell order set below current price. This order can be used when you think the market will move in one direction and want to enter at a certain price.

Stop loss order Stop loss clearing order: this is an order to sell below the current price (to cover a long position) or buy above the current price (to cover a short position). Stop-loss orders are an important risk management tool. If the market moves against you, you can limit your potential losses by placing stop-loss orders for your open positions. Keep in mind that stop-loss orders do not guarantee the strike price of the order, and when the order is triggered, the order will be executed at the most favorable and feasible price in the market.

Stops building Stop construction: means to build a stop order; A variety of stop-loss orders allow the trader to buy above the current level in an uptrend and sell below it in a downtrend.

Strike priceTrigger price: option owner executable product buy and sell pricing.

SupportSupport: ACTS as the basis for past or future price movements.

Support levels Support: technical analysis term for a price peak or base upon which the exchange rate will automatically correct. The opposite of the resistance level.

Suspended tradingSuspension of trading: product trading suspension.

Swap Swap: buys and sells the same amount of currency at a forward rate.

Swissy:Another name for the Swiss franc.

T/P:"Profit" order means a limit order that is intended to be sold at or below the asking price。

Takeover Takeover: takes over control of a company by buying its stock.

Technical Analysis Technical analysis: the act of analyzing market data to predict future price movements. These market data include: historical trend, average price, volume, etc.

Technicians or Techs 10-year: for example, the U.S. 10-year Treasury, the debt that the U.S. government issues is repayable within 10 years.

Ten (10) yr.10-year: for example, the U.S. 10-year Treasury, the debt that the U.S. government issues is repayable within 10 years.

Thin Weak: an illiquid, volatile or unstable market environment. A low-volume market that results in an unstable trading environment.

Thirty (30) yr. 30-year: for example, a UK 30-year gilt, a bond issued by the UK government that can be repaid within 30 years.

Tick Dot: price up and down the smallest unit.

Time to maturity Expiration date: remaining time when the contract expires。

Tokyo session Tokyo time: 09:00 -- 18:00 (Tokyo time)

Tomorrow Next (Tom/Next) Next day delivery (Tom/Next) : bought and sold on the same day delivery on the Next day.

Trade Balance Balance of trade: is the difference between imports and exports of goods or services. Countries with trade surpluses (ie, more exports than imports), such as Japan, tend to see their currencies rise. Conversely, countries with trade deficits (imports are greater than exports), such as the United States, tend to depreciate their currencies.

Trade sizeTransaction size: contract or number of units in trade hands.

Trading bid Transaction bidding:The currency pair was strong and/or up, and the market continued to see buying.

Trading haltTrading interruption:A transaction delay that does not stop the transaction.

Trading heavy Trading volume:Markets that look set to fall are often associated with selling markets that do not rebound despite attempts to buy.

Trading offeredTrading for sale:Currency pairs are weak and/or falling, and markets continue to sell.

Trading range Trading range:The interval between the highest and lowest stock prices, usually involving a time period. For example, the 52-week trading range。

Trailing stop Tracking stop-loss:Stop loss tracking allows a trade to continue to gain on positive price moves, but automatically unwinds all trades if market prices suddenly move a certain distance in the opposite direction. Conditional orders do not necessarily limit your losses.

Transaction Cost Transaction costsThe cost of buying and selling financial products.

Transaction Date Trading day:The closing date.

Trend Trend::A price action that results in a net change in value. Upward trends are identified by higher highs and lower highs. The downtrend is defined by lower highs and lower lows.

Turnoverturnover:The total amount of all transactions made over a period of time.

Two-Way Price Two-way quotation:To quote two prices at the same time.

TYO10:Symbol of the CBOE 10-year Treasury yield index.

UglyReturn to top ↑:Describes unrelenting market conditions that can be intense.

UK100:A name for the FTSE 200 index

UK average earnings including bonus/ Excluding bonus UK average salary (with/without bonus) :A measure of a worker's average salary, with or without bonuses. Use the level of one quarter of the year compared to the same quarter of the previous year.

UK claimant count rate Unemployment benefit claim rate in UK:Measure the number of people claiming unemployment benefits. Since not all unemployed people are eligible for unemployment benefits, claims tend to be lower than the unemployment rate.

UK HBOS House Price IndexUK HBOS house price index:Assessing the relative level of UK house prices is an important indicator of the outlook for the UK property sector and the economy. The index, published by hbos, Britain's biggest mortgage lender, is the longest monthly measure of the UK housing market.

UK jobless claims changeChanges in unemployment claims in the UK:A measure of the change in the number of people claiming unemployment benefits last month.

UK Manual Unit Wage CostsA name for brent crude oil.Total labor cost per unit of output.

UK OIL bp:A name for brent crude oil.

UK Producers Price Index Input UK producer price index (input cost) : an indicator of the level of price inflation at which producers purchase means of production or services. It deserves close attention because it is a leading indicator of the level of inflation.

UK Producers Price Index Output Target market:

Underlying Target market:The real market in which product prices originate.

Unemployment Rate syel:The ratio of the number of unemployed people who are able to work to the total number of people.

University of Michigan’s Consumer Sentiment Index University of Michigan consumer confidence index: based on a survey of 500 domestic consumers. The index is published twice a month: the first value is published mid-month and the final value at the end of the month. The question revolves around individuals' attitudes to the us economy. Is seen as an important indicator of the level of consumer spending.

Unrealized Gain/Loss Unrealized gains/losses:The theoretical profit and loss of a position at current market prices is calculated by the trader. Uncashed profit and loss becomes actual profit and loss after closing the position and settlement.

Uptick The price:The price quoted is higher than the previous price。

Uptick Rule Short selling rules:A us rule on short selling, which means that a short sale cannot be made at a price below the prevailing best selling price.

US30:A term for the dow Jones index.

US OIL The us oil:WTI A name for crude oil.

US Prime Rate America's prime rate:The prime rate at which American Banks lend to good corporate customers.

Value Date The delivery date:The date on which the parties to a financial transaction agree to settle their respective interests, such as exchange fees. The delivery date of foreign exchange spot transaction is generally two working days after the transaction. Also known as "due date."

Variation Margin Variation margin:The necessary margin that a broker collects from a client. Generally refers to the amount of money that customers are required to deposit as a result of adverse price fluctuations.

The VIX/Volatility Index Volatility index:Expectations for market volatility over the next 30 days. It USES the volatility of the s&p 500 index. It is widely used to measure market risk and is often seen as an "investor panic indicator".

Volatility (Vol) volatility:The rate at which prices fluctuate over a period of time.

Wedge Chart Pattern Wedge shape:A "wedge" of gradually shrinking charts in which the highs of prices are decreasing and the lows of prices are decreasing in a downward wedge. An upward wedge usually follows a period of decline, and a downward wedge usually follows a rally.

Whipsaw The sawtooth state:A volatile market that rises and falls rapidly and then reverses.

Wholesale Prices The wholesale price:Measure the changing level of prices that retailers pay for finished goods. Inflationary pressures can be reflected earlier than retail sales figures.

Working order Operation:Set but not yet closed limit order.

WSJ:On behalf of the Wall Street journal.


XAU/USD:Gold per dollar.

XAX.X:Represents the AMEX composite index.

Yard:A billion slang names.

Yieldyield:Percent return on investment.

YoY annual growth rate:Abbreviation for annual growth rate.

Yuan y:Is the basic unit of Chinese currency. The name of China's currency is RMB, with the yuan as its basic unit.