Forex Vocabulary

FOREX                   : FOREIGN EXCHANGE

LEVERAGE            : BUYING POWER

SWAP                    : ROLLOVER INTEREST

SPREAD                : DIFFERENT BETWEEN BID AND ASK

PAIR                      : TWO CURRENCY IN 1 INSTRUMENT

BULLSIH               : MARKET UP

BEARISH               : MARKET DOWN

CFD                        : CONTRACT FOR DIFFERENCE

METALS                :  XAU/USD ,XAU/EUR, XAU/GUSD

MAJOR PAIR        : EVERY PAIR THAT INVOLVE WITH US DOLLAR

CROSS PAIRS      : EVERY PAIR WITHOUT US DOLLAR

PIP                         : PERCENTAGE IN POINT

LONG                    : BUY

SHORT                  : SELL

STOP LOSS          : A STOP  IN AND ORDER TO CLOSE A TRADE WHEN THE MARKET MOVE AGAINST US

DEALING DESK BROKER  :
IN FOREIGN CURRENCY MARKET, THE LOCATION OF A FINANCIAL INSTITUTION FOREX DEALERS SINCE THE FOREX MARKET IS OPEN AROUND THE CLOCK, MANY INSTITUTION HAVE DEALING DESK AROUND THE WORLD, DEALING DESK CAN ALSO BE FOUND IN OUTSIDE FOREIGN EXCHANGE MARKET, SUCH AS IN BANKS AND FINANCE COMPANIES

ECN BROKER       :
AN ECN BROKER IS A FOREX FINANCIAL EXPERT WHO USES ELECTRONIC COMMUNICATIONS NETWORKS ( ECN ) TO PROVIDE ITS CLIENTS DIRECT ACCESS TO OTHER PARTICIPANT IN THE CURRENCY MARKETS. BECAUSE AN ECN BROKER CONSOLIDATE PRICE QOUTATIONS FROM SEVERAL MARKET PARTICIPANT, IT CAN GENERALLY OFFER ITS CLIENT TIGHTER BID/ASK ( SPREAD ) THAN WOULD BE OTHERWISW AVAILABLE TO THEM.