hexeduser Posted October 9, 2010 Share Posted October 9, 2010 I'm new in forex so there are lots and lots of terminologies or words commonly used in forex that I don't know or I have no idea what its all about. So far I only know of some common ones like the word "trade" and "currency" . I don't have any idea what other terms to actually take note of even the basic so can someone list some terms they know and its meaning. Quote Link to comment Share on other sites More sharing options...
Aikhen Posted October 11, 2010 Share Posted October 11, 2010 Well there is a lot of forex terminologies like "appreciation" means is when a currency’s value grows stronger and Depreciation is a fall in the value of a currency. Quote Link to comment Share on other sites More sharing options...
hexeduser Posted October 12, 2010 Author Share Posted October 12, 2010 Forex is like learning economics then because so far they have the same terminologies to take note of and understand Quote Link to comment Share on other sites More sharing options...
Aikhen Posted October 19, 2010 Share Posted October 19, 2010 yes you must have to understand every terminologies forex has for you to able to interact with the market more easily.. There are also some term that is hard to understand that's why we need to study it for further knowledge Quote Link to comment Share on other sites More sharing options...
hyippro Posted October 22, 2010 Share Posted October 22, 2010 I'm new in forex so there are lots and lots of terminologies or words commonly used in forex that I don't know or I have no idea what its all about. So far I only know of some common ones like the word "trade" and "currency" . I don't have any idea what other terms to actually take note of even the basic so can someone list some terms they know and its meaning. Same question wth you man. Hope there is forex expert will share their knowledge here. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted October 22, 2010 Share Posted October 22, 2010 Here are few terms i feel useful about forex: Forex or FX - is the simultaneous purchase or sale of one currency against the purchase or sale of another. Spread - is the difference between the bid and offer prices for a currency pair. Stop Loss Order - is an order in which an open position is automatically liquidated at a specific price, it is actually to minimise losses when market moves in the opposite to expectation. Quote Link to comment Share on other sites More sharing options...
omarelalfy Posted October 26, 2010 Share Posted October 26, 2010 Here are few terms i feel useful about forex: Forex or FX - is the simultaneous purchase or sale of one currency against the purchase or sale of another. Spread - is the difference between the bid and offer prices for a currency pair. Stop Loss Order - is an order in which an open position is automatically liquidated at a specific price, it is actually to minimise losses when market moves in the opposite to expectation. Quote Link to comment Share on other sites More sharing options...
Droganan Posted October 27, 2010 Share Posted October 27, 2010 I did not know there were so many forex terminologies. I am glad I came to this thread and learned about them. Thanks everyone here for helping out newbies in the forex world. I hope with this new knowledge I will be moderately successful at understanding someone who has some experience with forex. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted November 8, 2010 Share Posted November 8, 2010 I have an interesting offer for you. To gradually up grade yourself in forex, you should visit www.babypips.com. Also register wit other forex forum to participate in discussing of forex terminologies. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted November 16, 2010 Share Posted November 16, 2010 I did not know there were so many forex terminologies. I am glad I came to this thread and learned about them. Thanks everyone here for helping out newbies in the forex world. I hope with this new knowledge I will be moderately successful at understanding someone who has some experience with forex. Of course they are many forex terminologies and even much more. Just like they are over 20 currency pairs to trade on in forex. It's just a vast trade with many integrated parts. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted November 22, 2010 Share Posted November 22, 2010 TP or Take Profit: A level that is often pre-determined at which the terminal closes the trade position and takes in the pips that have been generated. TP is a very good risk management strategy and is ideal for beginners and experts alike. Quote Link to comment Share on other sites More sharing options...
ellliottt Posted December 23, 2010 Share Posted December 23, 2010 this must help you Appreciation is when a currency’s value grows stronger. Ask Rate is the rate at which a trader can buy a currency that is for sale. Base Currency is the currency in which other currencies are quoted in a pair. Usually the U.S. dollar is considered the ‘Base Currency’. Bear Market is a market in which prices are declining. Bid/Ask Spread is the difference between the bid and offer price. Big Figure is a term used by dealer and/or brokers. It refers to the first few digits of an exchange rate. Broker is an individual/firm that bring buyers and sellers together for a fee/commission. Bull Market is a market in which prices are rising. Clearing is a term used to refer to a process of settling a trade. Commission is the fee that is charged by a broker/dealer. Confirmation is a document that states the terms of a transaction. Contract is the standard unit of trading. Cross Rate is the exchange rate between any two currencies that are not of the country in which the currency pair is quoted. For example, in the U.S., a GBP/JPY quote would be considered a Cross Rate. The same quote would not be a Cross Rate in either the U.K. or Japan. Currency is a unit of exchange. Any form of money that has been issued by a government/central bank is a currency. Currencies are used as a medium of exchange, i.e. they are used as a basis for trades. Day Trading are trades in which positions are opened and closed on the same day. Dealer is an individual/firm that take one side of a position hoping to make a profit by closing out the position in a following trade with a different trader. Depreciation is a fall in the value of a currency. Foreign Exchange, Forex, FX is the simultaneous purchase or sale of one currency against the purchase or sale of another. Forward is the predetermined and agreed upon exchange rate for the settling of a transaction at some agreed future date. Fundamental Analysis is the analysis of economic and political information as it aims to determine future market movements. Inflation is an economic condition in which the prices of goods rise, hence decreasing the purchasing power of consumers. Initial Margin is the deposit given to a broker/dealer; it is the collateral required to enter into a position as a guarantee on future performance. Limit Order is an order that sets restrictions on the amount of profit and loss it can make. Liquidity is the ability of a market to accept large transaction without it impacting the stability of its prices. Long Position is a position that increases in value in value if market prices increase. Margin Call is when the broker/dealer request additional collateral to guarantee performance on a position that has moved against the investor. Market Maker is a dealer who quotes both bid and ask prices, hence makes a two-sided market for any financial instrument. Maturity is the date in which a financial instrument is expired or a transaction is settled. Offer is the rate at which a dealer is willing to sell. Open position is a deal that has not yet been settled with a physical payment. Overnight Trading are trades in which positions remain open until the next day. Pips/Points is one unit of price change in the bid/ask price of a currency. It is the last digit in a rate; the fourth decimal place in an exchange rate. Position is the netted total holdings of a given currency. Quote is an indicative market price, normally used for information purposes only and not for deals. Rate is the price of one currency in terms of another. Risk is an exposure to the chance of loss. Roll-Over is a process in which the settlement of a transaction is pushed forward to another date. Short Position is a position that increases in value if the market prices decrease. Spread refers to the difference between the bid and offer prices for a currency pair. Stop Loss Order is an order in which an open position is automatically liquidated at a specific price. Stop Loss Order minimized potential losses if the market moves in the opposite direction of the investor’s position. Swap is the sale and purchase of a certain amount of a certain currency at a forward exchange rate. Technical Analysis is an analysis of historical market trends in an effort to forecast future market movements. Transaction Cost is the cost of making a financial transaction whether it is buying or selling. Quote Link to comment Share on other sites More sharing options...
Nikhil Posted December 27, 2010 Share Posted December 27, 2010 TP or Take Profit: A level that is often pre-determined at which the terminal closes the trade position and takes in the pips that have been generated. TP is a very good risk management strategy and is ideal for beginners and experts alike. you are correct but with TP we also need put to SL which help us washout our account and its vey very necessary for newbie trader . i think if any trader always keep this mind then no doubt he/she will servive long time in forex market. Quote Link to comment Share on other sites More sharing options...
speedbus Posted December 27, 2010 Share Posted December 27, 2010 @ellliottt - thanks for that post ! it helped me a lot.. it was something like a Forex Dictionary ! Almost every term is listed there.. awesome ! Thanks Quote Link to comment Share on other sites More sharing options...
speedbus Posted December 27, 2010 Share Posted December 27, 2010 @ellliottt - thanks for that post ! it helped me a lot.. it was something like a Forex Dictionary ! Almost every forex trade term is listed there.. awesome ! Thanks Quote Link to comment Share on other sites More sharing options...
speedbus Posted December 27, 2010 Share Posted December 27, 2010 @ellliottt - thanks for that post ! it helped me a lot.. it was something like a Forex Dictionary ! Almost every forex trade term is listed there.. awesome ! Thanks Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 20, 2011 Share Posted February 20, 2011 Yes, it is important to have an SL as well. In fact, having a TP presumes the SL is already set. The SL is even the more important parameter so we do not end up blowing our deposit. Quote Link to comment Share on other sites More sharing options...
boniez Posted February 21, 2011 Share Posted February 21, 2011 but you must be paying attention if you want to put SL line, because if you make a misteke when analize the chart and probably it suddenlycan make the price float minus till touch your SL, so that's make your geeting close with margin call, Quote Link to comment Share on other sites More sharing options...
matiskater Posted February 21, 2011 Share Posted February 21, 2011 yeah there are many terms of the forex world that youll learn with time...actually if you love to read or just read very often, many if not all of these terms and words youll get to know even if you dont know forex at all, but just check out the defenitions and youll find it all there;) regards, matiskater Quote Link to comment Share on other sites More sharing options...
rage35 Posted February 24, 2011 Share Posted February 24, 2011 I am an online earner but I haven't experience forex since I don't know how does the system works. I want to join the site but I don't know how to start and where to go. Talking about the terminologies, I have no idea about that. I am not an expert in this kind of field so I will just read some members tips and suggestions regarding about forex trading. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 2, 2012 Share Posted February 2, 2012 Well ,almost everything in forex is all abaut terminology,like enter long stoploos one has to learn all this to avoid big mistak Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 2, 2012 Share Posted February 2, 2012 Even simple business like small retail store has terminologies. And terminologies are there to determine which is which. They are there to provide order in it and not confusion. It can be difficult to understand a thing if people will use different terminologies. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 3, 2012 Share Posted February 3, 2012 Yes its true even in a local store there is a terminology and this is the things that distinguish one business from the other. Quote Link to comment Share on other sites More sharing options...
luke1 Posted November 19, 2012 Share Posted November 19, 2012 If we want to describe and to talk about all the Forex terminologies in this thread here, it will never find an end. Because there are so many terminologies, and even more and more here. In this way here, we better find the terminology from the Google Search. We will find complete data Quote Link to comment Share on other sites More sharing options...
tirus Posted November 29, 2012 Share Posted November 29, 2012 As you are learning forex one of the basics that is covered is the forex terminologies so that a beginner can be able to follow through with the learning material or even while they are in demo account trading. SO this is one of the fundamentals or foundations of learning forex that every trader has to go through. Quote Link to comment Share on other sites More sharing options...
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