Foreign Exchange (Forex) Definition
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The Meaning of Forex

Forex Glossary Terms American-style option An option contract that may be exercised at any time before it expires. Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'. It is the quotation of one currency unit against another currency unit. For example, the euro and the US dollar together make up the currency pair EUR/USD. The first currency (in our case, the euro) is the base currency, and the second (the US dollar) is the quote currency. 1/25/ · Forex (FX) refers to the marketplace where various currencies and currency derivatives are traded, as well as to the currencies and currency derivatives traded there. Forex is .

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Order Types

The distance, usually in pips, between the Bid and Ask price. A tighter spread is better for the trader. Cost of Carry (also "Interest" or "Premium") The cost, often quoted in terms of dollars or pips per day, of holding an open position. 10/14/ · Forex is a portmanteau of ‘foreign currency’ and ‘exchange’. It refers to the foreign currency exchange market, in which currencies are traded with each other. These trades are carried out for a number of reasons, including by retail traders looking to make money. 10 Key Forex Terms for Beginner Traders. 7/20/ · Profit factor — the ratio between the gross profit and the gross loss in per cents. One means that these sums are equal; Expected payoff — mathematical expectation of win. This parameter to be calculated statistically represents average profit/loss factor of one trade.

Forex (FX) Definition and Uses
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10 Key Forex Terms for Beginner Traders

2/4/ · Foreign Exchange (forex or FX) is a global market for exchanging national currencies with one another. Foreign exchange venues comprise the largest securities market in the world by . • Basic Forex terms: Cross rate – The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.S. dollar, regardless of which country the quote is provided in. Forex Glossary Terms American-style option An option contract that may be exercised at any time before it expires. Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'.

Forex Dictionary & Glossary | Learn Key FX Terms
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CURRENCY PAIRS

• Basic Forex terms: Cross rate – The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.S. dollar, regardless of which country the quote is provided in. Foreign exchange/forex/FX The simultaneous buying of one currency and selling of another. The global market for such transactions is referred to as the forex or FX market. Forward. Forex Glossary Terms American-style option An option contract that may be exercised at any time before it expires. Ask The quoted price at which a customer can buy a currency pair. Also referred to as the 'offer', 'ask price', or 'ask rate'.

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Basic Terms

7/20/ · Profit factor — the ratio between the gross profit and the gross loss in per cents. One means that these sums are equal; Expected payoff — mathematical expectation of win. This parameter to be calculated statistically represents average profit/loss factor of one trade. • Basic Forex terms: Cross rate – The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.S. dollar, regardless of which country the quote is provided in. It is the quotation of one currency unit against another currency unit. For example, the euro and the US dollar together make up the currency pair EUR/USD. The first currency (in our case, the euro) is the base currency, and the second (the US dollar) is the quote currency.