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GLOSSARY

A FULL STP BROKER AS BWM EXCHANGE, WITH NO CONFLICT OF INTERESTS, TRAINS YOU TO TRADE AS A PRO

Trading in Forex and CFDs could lead to loss of all your invested capital

GLOSSARY

A

Accrual

Adjustment

Aggressive

Analyst

Appreciation

Arbitrage

Asian central banks

Asian session

Ask (offer) price

AUS 200

At best

Aussie

B

Balance of trade

Bar chart

Base currency

Base rate

Basing

Basis point

Bearish / Bear market

Bears

Bid price

Bid/ask spread

Big figure

BIS

Black box

BOC

BOE

BOJ

Bond

Book

British Retail Consortium (BRC) shop price index

Broker

Buck

Bullish / Bull market

Bulls

Bundesbank

Buy

Buy dips

C

Cable

Candlestick Chart

Capital Markets

Central Bank

Chartist

Clearing

Commission

Confirmation

Contagion

Contract (Unit or Lot)

Convertible Currency

Cost of Carry

Counter party

Country Risk

Credit Checking

Cross Rates

Currency

Currency Risk

D

Day trader

Day trading

Deal

Dealer

Dealing spread

Defend a level

Deficit

Delisting

Delivery

Delta

Depreciation

Derivative

Devaluation

Discount rate

Divergence

Divergence of MAs

Dividend

DJIA or Dow

Dove

Downtrend

DXY$Y

E

ECB

Economic indicator

End of day order (EOD)

EST/EDT

ESTX50

EURO

European Monetary Union (EMU)

European session

Eurozone labor cost index

Expiry date / price

Exporters

Extended

F

Federal Deposit Insurance Corporation (FDIC)

Federal Reserve (Fed)

Fixed Exchange Rate

Fixed Interest

Flat (or Square)

Floating Rate Interest

Foreign Exchange (or Forex or FX)

FOREX

Forex Trader

Forward

Forward Points

Front Office

Futures

G

G7

G8

Gap / Gapping

GER30

Given

GMT

Going long

Going short

Gold (Gold’s relationship)

Good for day

Good ’til cancelled order (GTC)

Good ‘til date

Greenback

Gross domestic product (GDP)

Gross national product

Guaranteed order

H

Handle

Hawk – hawkish

Hedge

Hit the bid

HK40 / HKHI

I

Illiquid

IMM

INDU

Industrial Production

Inflation

Initial margin requirement

IPO

Interbank rates

Interest

Intervention

Introducing broker

INX

ISM manufacturing index

ISM non-manufacturing

J

Japanese economy watchers survey

Japanese machine tool orders

JPN225

K

Keep the powder dry

Kiwi

Knock-ins

Knock-outs

L

LIBOR

LIFFE

Limit Order

Liquid Markets

Liquid Assets

Liquidation

Long

M

Macro

Manufacturing production

Margin

Margin call

Market capitalization

Market maker

Mar

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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read LFS’s Risk Disclosure Statement.