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By: Profitable Forex

1. Foreign Exchange
2. Foreign Exchange Market
3. Spot Market
4. Rollover
5. Exchange Rate
6. Currency Pair
7. Base Currency
8. Counter Currency
9. ISO Currency Codes
* USD = US Dollar
* EUR = Euro
* JPY = Japanese Yen
* GBP = British Pound
* CHF = Swiss Franc
* CAD = Canadian Dollar
* AUD = Australian Dollar
* NZD = New Zealand Dollar
10. Currency Pair Terminology
* EUR/USD = “Euro”
* USD/JPY = “Dollar Yen”
* GBP/USD = “Cable” or “Sterling”
* USD/CHF = “Swissy”
* USD/CAD = “Dollar Canada” (CAD referred to as the “Loonie”)
* AUD/USD = “Aussie Dollar”
* NZD/USD = “Kiwi”
11. FCM (Futures Commission Merchant).
12. CFTC (Commodities Futures Trading Commission)
13. Dealing Desk
14. Market Maker
15. Forex ECN Broker (Electronic Communications Network)
16. Counterparty
17. Sell Quote / Bid Price
18. Buy Quote / Offer Price
19. Spread
20. Pip
21. Pip Value
22. Lot
23. Standard Account
24. Mini Account
25. Micro Account
26. Margin
27. Leverage
28. Manual Execution
29. Automatic Execution
30. Slippage
31. Drawdown
32. Support
33. Resistance
34. Common Order Types
35. Market Order
36. Limit Order
37. Stop-Loss Order
38. Limit Entry Order
29. Stop-Entry Order
30. OCO Order (One Cancels Other)
31. GTC Order (Good Till Cancelled)
32. Time open trading

Standard/Basics Terms of Forex Trading for TIPS FOREX

FOREX (foreign exchange market) or currency market or Forex is the market where some  currency traded info different. It is one of the biggest marketplaces in the world.

Some of the participants in this market are simple trying to exchange a foreign currency (forex currency Exchange) for their personal, like global corps which must pay reward and other expenses in other nations curecy than they trade products in. However, a great component of the market is made up of currency traders, who speculate on moves in exchange orders, much like diference would speculate on campaigns of stock terms. Currency traders try to select advantage of straight little fluctuation in exchange rates.

In the foreign exchange market in that location is small or no ‘inside information’. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Fundamental news is released on publicly markets (traders) so, at least in possibility, every one in the general public receives the same news program at the same time.

Currencies are traded in against one different. From Each One pair of currentness this makes an  product and is traditionally noted the ISO 4217 international three-letter code of the currency into which the price of one unit of some currency is express. For illustration, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar as broker forex

Compiled using Wikipedia materials.

TIPS FOREX | FOREX IS | DESCRIPTION FOREX