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Foreign currency exchange jargon buster
Here are some of the most commonly used terms and slang in forex trading... Appreciation: a strengthening of the currency in response to market demand Ask price: the price at which a dealer is willing to sell the first-named of a currency pair Balance of trade: the value of a country’s exports minus its imports Base currency: the first-named of a tradable currency pair or the currency in which the investor maintains the accounts Bid rate: the price at which a dealer is willing to buy the first-named of a currency pair Bid/Ask spread: the difference between the bid and ask price. Measured in pips Cable: The GBP/USD currency pair Central bank: the government or quasi-government organisation that manages a country’s monetary policy Chunnel: The EUR/GBP currency pair Counter currency: the second-named currency in a currency pair Currency: money in current use that has been issued by a government or central bank as legal tender Currency Codes (ISO): a three letter international identification Depreciation: a weakening of currency Devaluation: intentional downward adjustment of a currency’s value against others ECB: European Central Bank Economic indicators: government issued statistics indicating current economic growth and stability Exotics: less frequently traded currencies, including the Mexican Peseta and the Danish Krone Forex: abbreviation of ‘foreign exchange’ Inflation: economic condition that makes currency have less purchasing power ISO: International Organisation for Standardisation Limit Order: instruction to buy or sell when a predetermined price is reached Lot size: currencies are traded in ‘lots’. The standard lot size is 100,000 units of the base currency Majors: the most popular currency trading pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD) Market order: an order to a broker to buy a currency lot at the ask price Monetary policy: the setting of interest rates in a country Overnight: a trade that remains open until the next business day Pip: the fifth and final digit of a currency Pip spread: See Bid/Ask spread Stop loss order: order to buy or sell a currency when a predetermined price is reached Zero sum game: wealth is not created in forex, it just changes hands
21:59 Wed 03 November 2010
Category: trading
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foreign currency exchange
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forex
currency exchange
foreign currency trading
Currency Trading
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I have a problem with veda advantage as they refuse overturn their decision and they don't owe to me and i don't owe them so how can I borrow without Veda advantage approve so I do need to find $8,000 very urgently and I have less than1 week left to find.
Hi Rhonda, if you are a homeowner you shouldn't have any problem getting a loan for $4000. It is generally harder to get an unsecured loan once you are retired - but because you have a regular pension you may be eligible. Call into your bank for free advice.
iam righting to ask if there is a loan place i can go because i need 4000 to pay my bills off. so i can just have one bill to pay each month.i dont work anymore i have retried. and i am on a pension and i get 500 a fortnite. iam fineing it very hard ti get by. thank u for your time rhonda
That's great advice, thanks!
i think this site is awesome, especially trying to help out people in hardships, whom have bad credit history or whom have no credit history at all. hopefully I will be lucky enough to get approved for a loan during my hard time...time will tell if these sites are what they say they are!
I'm in a similar situation Jodie. I managed to get a 2000 loan but it has helped a lot. Make an appontment to talk to your bank. Good luck!
hi im bankrupt for second time have 2 causal cleaning jobs one iv held for 12 month second job i started 2 months ago i work 5 days wk at this job 25hrs.other job gives me anywere from 12 to 40 hours awk im a single mother of three children paying 250wk rent had a run of bad luck car stolen and burnt out. 8 days later house was broken into while we were sleeping. bank account has been emptied by a so called friend im struggling now need $4000 loan to retreve our things from pawn brooker catch rent up pay tele check before im charged with froud and to pay for xmas
I totally agree with these tips! I use them all the time
I really like this blog, it gives interesting ideas for the reader. Keep it up!
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