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Mark-to-Market
A valuation method that revalues all open positions based on current market prices. The adjusted value determines the amount of margin required.
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Short squeeze
Traders are heavily short and a market catalyst causes them to rush to cover their positions (buy), causing prices to rise sharply.
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Underlying Market Underlying
The real trading market where the product price originates.
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Partial Fill Partial fill
A situation where only part of the transaction is executed.
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Guaranteed Order Guaranteed order
An order type that protects traders from market gaps and guarantees that your order will be executed at the preset price.
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Margin Margin
Funds that investors need to deposit with the broker as collateral for a position.
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Guaranteed stop Guaranteed stop
A stop order that guarantees that your position will be closed at the specified level if the market price reaches or exceeds the level you specify. This order type guarantees the stop loss even when the market gaps up.
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Quote Quote
Market price, generally for informational purposes only.
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Divergence Divergence
In technical analysis, the price trend and momentum are in opposite directions, such as price going up while momentum is going down. Divergence can be classified as positive (bullish) or negative (bearish); both indicate a change in price direction. Positive/bullish divergence occurs when a security makes a new low and the momentum indicator begins to rise. Negative/bearish divergence occurs when a security makes a new high but the indicator fails to follow and instead falls. Divergence is frequently seen when price moves excessively, often ending with a reversal of price direction and following the momentum indicator.
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Variation Margin
The required margin that a broker collects from a client. Generally refers to the additional funds that a client needs to deposit due to adverse price movements.
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Volatility (Vol)
The ratio of price fluctuations over a period of time.
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VIX/Volatility Index
The expected value of market volatility in the next 30 days. It is calculated using the volatility of the S&P 500 index. It is widely used to measure market risk and is often regarded as an "investor panic indicator."
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Margin Call
When the exchange rate fluctuates in the opposite direction and the deposited margin cannot maintain the position, the broker or trader will issue a margin call to the investor, requiring the investor to deposit a certain amount of margin to maintain the position.
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No touch option No touch
An option that pays the holder a fixed amount if the market does not reach a pre-set barrier level.
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Bollinger bands Bollinger bands
A tool used by technical analysts. The bands are drawn two standard deviations on either side of a moving average and are often used to indicate support and resistance levels.
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Sector Sector
A group of securities in similar industries.
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Purchasing managers index (PMI)
An economic indicator showing the performance of a country's manufacturing companies.
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Over the counter (OTC)
Any transaction made outside of an exchange.
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Sidelines, sit on hands
A directionless, chaotic and uncertain market environment keeps traders away from the market, a situation known as "sidelines" or "holding hands".
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Fill
The situation where an order is fully executed.
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Flat or flat reading
Economic data readings are consistent with the previous period level and have not changed.
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Deficit
In short, it means that expenditures are greater than income.
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Initial Margin
Funds initially deposited as collateral to establish a position.
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Ex-dividend EX-dividend
A form of stock purchase in which the buyer gives up the next dividend and gives the right to the seller.
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Strike price Strike price
The price at which the option owner can execute the product purchase and sale.
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At or Better
An order to trade at a certain price or better.
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Tomorrow Next (Tom/Next)
The currency bought and sold on the same day is settled on the next day.
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Maturity
The delivery date or validity period of a financial product.
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Offsetting transaction
A transaction made to offset the market risk of part or all of an open position.
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Pips
The smallest unit of currency trading. Usually the fourth decimal place. For example, 0.0001 is called 1 point.
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Big figure Big figure
Refers to the first three digits of a currency pair quote, such as 117 for USD/JPY or 1.26 for EUR/USD. If the price changes by 1.5 big figures, it has moved 150 pips.
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Big figure Handle
Every 100 pips starting from 000 in the currency market.
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End of Day Order (EOD)
An order to buy or sell a currency pair at a certain price. Valid until the close of the day (usually 5pm EST).
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Good for day
An order that expires at the end of the day if not executed.
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Hit the bid
A commitment to sell at the ask price or buy at the bid price reached.
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Good ‘til date
An order type that expires at the end of the day if not executed before the selected date.
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Time to maturity
Time remaining until the contract expires
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German Federal Bank Bundesbank
German Central Bank
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Collateral Collateral
An asset given to secure a loan or guarantee performance.
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Tick
The smallest unit of price fluctuation up or down.
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Spread Spread
The difference between the bid price and the ask price.
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Swap Swap
The act of buying and selling equal amounts of currency at the same time at a forward exchange rate.
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Crater Crater
The market is ready to sell off sharply.
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Order Order
An instruction to execute at a specific price.
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Momentum
A series of technical studies that assess the speed of price changes (such as
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Momentum players
Traders who follow the trend and try to gain 50-100 pips during the day.
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Bulls
Traders who expect prices to rise and take long positions.
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Dividends Dividend
The amount of corporate earnings distributed to shareholders – usually expressed as a per-share value.
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Analysts Analyst
A financial professional who is good at evaluating investments and putting together buy, sell and position recommendations for clients.
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Risks Risk
Risks caused by uncertainty, mostly occurring when the situation develops in the opposite direction.
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Buy dips
Be prepared to buy 20-30 pips/point pullbacks in an intraday trend
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Purchasing Managers Index Services (France, Germany, Eurozone, UK)
An index measuring the outlook of purchasing managers in the services sector. The survey includes
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Gearing (also known as leverage or margin)
Gearing refers to the amount by which the notional principal of a trade exceeds the amount of funds required to be held in the trader's account. It is expressed as a percentage or fraction.
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Follow-through
New buying or selling interest following a directional breakout of a particular price level. Lack of follow-through generally means that the directional move will not last or will reverse.
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Industrial Production
Measures the real output of manufacturing, mining and utilities, based on quantity rather than dollar amount. It is very sensitive to economic development or contraction and is a leading indicator of employment and income.
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Gross National Product (GNP)
Refers to the total value of goods and services produced by all citizens in a country over a certain period of time.
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(Sell) Given
Refers to the acceptance of the buying price or the emergence of selling interest.
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"Institute for Supply Management" Non-Manufacturing Index ISM Non-Manufacturing
The service industry outlook survey index, which accounts for another 80% of the US economy, outside the manufacturing index. The value is also divided by 50, with 50 or more indicating expansion and 50 or less indicating contraction.
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"Institute for Supply Management" Manufacturing Index ISM Manufacturing Index
An index that assesses the manufacturing situation in the United States. It measures the overall situation of the manufacturing industry by investigating future production conditions, new orders, inventory, employment and delivery. The value is divided by 50. Above 50 indicates expansion, and below 50 indicates contraction.
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Leverage Leverage
Also called margin, it refers to the amount of the total amount that can be traded compared to the amount of your actual funds, expressed as a percentage or fraction. It allows traders to trade a nominal principal that greatly exceeds their actual funds. For example, 100
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Leveraged names
Short-term traders, mostly referring to hedge fund groups.
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Dove
Dove refers to data or policy views that suggest looser monetary policy or interest rate cuts, which is the opposite of hawks. Refers to the interest earned or paid for holding positions beyond 17:00 New York closing time, which reflects the interest rate difference between the two currencies of a currency pair.
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Overnight interest Roll-Over
The spot market is generally settled after 2 trading days. For example, if the position is traded on Monday, the settlement date is Wednesday. However, if the position opened on Monday is held overnight (meaning that it is not closed after 17:00 EST), the delivery date will be Thursday. There is an exception here: if the position is held overnight on Wednesday, the delivery date should be Saturday, but because banks are closed on Saturday, the delivery date is postponed to the following Monday. In this way, if the position is opened and held overnight on Wednesday, two more days of interest will be paid or earned. Similarly, if the delivery date is a holiday, additional interest will be generated or earned accordingly.
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Overnight Position
A position that is held until the next trading day.
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Personal Income
Refers to the total income of an individual in a year, including wages, bonuses and investment profits. It is a key determinant of personal spending, which accounts for two-thirds of GDP in the leading industrial nations.
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Factory Orders
The total value of orders for durable and non-durable goods expressed in US dollars. More in-depth than durable goods orders, which are released monthly earlier.
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Corporations
Companies that enter the market for hedging or financial management purposes. Corporations are not always as price sensitive as speculative funds and their investment interests are quite long-term, making them less valuable for short-term trading.
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Corporate action Corporate action
An event that changes the shareholding structure of a stock (and usually the stock price). Examples include acquisitions, dividends, mergers, stock splits, and spin-offs.
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Fair value Fair value
The difference between the price of a derivative contract and the underlying spot market price. Fair value means that there is no arbitrage opportunity between the two prices.
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Stock index Stock index
A composite price of a group of stocks that can be used to assess the performance of a group of companies relative to past performance – expressed relative to a base number.
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Order book Order book
A system that shows the market capacity of traders willing to buy and sell at prices other than the best available price
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International Money Market IMM
The International Money Market, a currency futures market located in Chicago, is part of the Chicago Mercantile Exchange.
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Thin
Illiquid, volatile or unstable market conditions. Low volume markets that result in an unstable trading environment.
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Contract size
The notional amount represented by the CFD.
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Black box Black box
A term used to describe systematic, model-based or technical traders
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Gold (Gold's relationship) Gold (Gold's relationship)
It is generally believed that the price of gold and the US dollar move in the opposite direction. The long-term correlation coefficient is mostly negative, but the shorter-term correlation is less reliable than the former.
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Depreciation Depreciation
A drop in the price of a currency caused by market reasons.
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Exchange Rate Rate
The price of one currency expressed in another, usually for trading purposes.
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Currency Pair Currency Pair
The two currencies that make up an exchange rate. For example
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Defend a level Defend a level
Action taken by one or a group of traders to prevent a product from trading at a certain price or price range, usually because they have a vested interest in it, such as a barrier option.
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Sloppy Sloppy trading environment
A volatile trading environment that lacks any significant trend and/or continuity.
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Contract Contract
The standard unit of currency trading.
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Contract note Contract note
A sent confirmation letter outlining the exact details of a trade.
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Macro trader Macro
The longest-term trader who makes trading decisions based on fundamental analysis. A "macro" trader can hold a position for anywhere from six months to many years.
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Slippage Slippage
The difference between the requested price and the price received, generally due to changing market conditions.
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Gold Contract Gold Contract
The standard unit for gold trading is one gold contract. One gold contract = 10 troy ounces.
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Pullback Pullback
The tendency of a trending market to retrace some of its gains before continuing in the same direction.
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Currency Risk Currency Risk
The risk of a reversal of exchange rate changes.
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FOMC minutes FOMC
Written minutes of the FOMC policy-making meeting released three weeks after the meeting. The minutes provide insight into the FOMC's deliberations and can trigger strong market reactions.
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Currency Currency
Any form of money issued by a government or central bank that is used as legal tender or a basis for transactions.
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Devaluation Devaluation
An intentional move, usually by a government, to lower the price of a country's currency.
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Currency Pair Pair
Jargon for comparing one currency to another.
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Technical Analysis Technical Analysis
The behavior of predicting future price trends by analyzing market data. These market data include
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Price Transparency Price Transparency
It means that the quotation is relatively transparent and every market participant can get a fair quotation.
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Delivery Rollover
The actual exchange of currency between the two parties in accordance with the contract.
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Transaction Cost Transaction Cost
The cost of buying and selling financial products.
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Trading heavy
A market that looks ready to fall is often associated with a selling market that does not rebound despite buying attempts.
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Round trip
Refers to two actions, one buying and one selling.
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Trading range
The range between the highest and lowest stock prices, often involving a certain period of time. For example, a 52-week trading range.
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Gold Certificate Gold Certificate
Gold investors use to buy or sell gold. The characteristics are
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Broker Broker
An individual or company that acts as an intermediary, brings together buyers and sellers and charges fees or commissions. In contrast, a "trader" operates funds and establishes a long or short position, hoping to close the position in a subsequent transaction with another party to earn a spread (profit).
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Economic Contagion Contagion
Refers to the tendency that an economic crisis in one market may spread to other markets.
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Net Position Net Position
The value after subtracting the long position from the short position.
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Fundamental Analysis Fundamental Analysis
An analysis of the economic and policy aspects to identify the future price trend of a certain investment product in the financial market.
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Base Currency Base Currency
Refers to the previous currency in the currency pair. The quote is usually expressed as how much other currencies are worth one unit of the base currency. For example, if USD/CHF=1.6215, it means that one US dollar (base currency) is worth 1.6215 Swiss francs. In the currency market, the US dollar is usually placed at the top of a currency pair as the "base currency" of a quote, that is, the quote is expressed as how much other currencies one US dollar is worth. The exceptions are the British pound, the euro and the Australian dollar (their exchange rates against the US dollar usually put the US dollar at the end).
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Basis point
A unit of measurement used to describe the smallest change in the price of a product.
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Funds
Refers to the type of hedge funds that are active in the market; it is also another industry term for the USD/CAD currency pair.
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Base rate
The lending rate of a given country's central bank.
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Aggressive Aggressive
Traders act with a firm conviction and/or price action.
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Technicians or Techs
Traders who make trading decisions based on technical or chart analysis.
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Quarterly CFDs
A futures contract that expires every three months (i.e. once a quarter). *
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Canadian Ivey Purchasing Managers (CIPM) index
Monthly index published by the Richard Ivey School of Business to observe the business sentiment in Canada.
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Bearish / Bear market
Unfavorable price trend, leading to a downward market. For example, "We are bearish on EUR/USD", which means we believe that the euro will fall against the US dollar.
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Put option
A product that gives the holder the right but not the obligation to sell at a specific price.
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Bears
Traders who believe that prices will fall and hold short positions
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Bullish / Bull market
Supports market strength and upward prices. For example
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Call option
Currency trading that seeks the interest rate differential between two countries. Traders obtain the interest rate differential between the two countries by selling a low-interest currency and buying a high-interest currency during the duration of the transaction.
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Shorts
A trader who has sold or shorted a product, or is bearish on the market.
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Short-covering
After a falling market, traders who previously shorted begin to buy back.
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Short Position
Refers to a position that profits from a fall in the exchange rate. When the base currency of a currency pair is sold, it is called a "short position".
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Quantitative easing Quantitative easing
Situation where a central bank injects money into an economy to stimulate growth.
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Stop loss hunting Stop loss hunting
A situation where the market appears to be attacking a level that is believed to be filled with stops. If stops are triggered, a large number of stop orders are also triggered, so prices often break through these levels.
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Leading Indicators Leading Indicators
Data used to predict future economic activity.
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Candlestick chart
A chart that shows the trading range of the day and the opening and closing prices. If the opening price is higher than the closing price, the rectangle between the opening and closing prices is solid. If the closing price is higher than the opening price, the chart area is hollow.
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Accrual
The accumulation of interest and discounts generated by swap deposits (carry) transactions in forward transactions.
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Interest
A cash adjustment that reflects the impact of notional asset value owed or received under a CFD position.
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Retail Sales
The total amount of retail sales of all goods and services in the month, which is a sample survey of retailers of different types and sizes. It can reflect the consumption expenditure of a country and is also an important indicator for all major economies to measure economic development.
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Retail investor
An individual investor who trades with personal property funds rather than on behalf of an institution.
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Liquidity Market Liquid Market
A market with sufficient buyers and sellers to bring about smooth price movements
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Running profit / loss
An indicator that reflects the status of an open position; that is,
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Federal Reserve Fed
Refers to the Federal Reserve Bank of the United States, the central bank of the United States or the Federal Reserve's policy-making committee FOMC (Federal Open Market Committee).
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Federal Reserve officials Fed officials
Refers to members of the Federal Reserve Board of Governors or presidents of regional Federal Reserve banks
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University of Michigan's Consumer Sentiment Index
Data based on a survey of 500 domestic consumers in the United States. The index is published twice a month
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Models
Same as black box. A system that automatically buys and sells based on technical analysis or other quantitative calculations.
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Bid/ask spread
The difference between the buying and selling prices.
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Bid price
The price at which the market is ready to buy a product. Bidirectional quotes are made at the bid/ask price. In trading, the bid price indicates that the trader can sell the base currency at this price, which is located on the left side of the currency pair quote. For example
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Buy
Go long on a product
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Medley report
Refers to Medley Global Advisors, a market consulting firm that has close ties with central banks and government officials around the world. Because they claim to have insider information from policymakers, their reports often cause fluctuations in the currency market. The accuracy of the reports has been unstable over the long term, but the market will still pay attention to them in the short term.
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Sell
Expect the market to go down and establish a short position.
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Uptick Rule
A US short-selling trading rule that means that short-selling transactions cannot be conducted at a price lower than the best offer price at the time.
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Offered Market
If a market is called an "offered" transaction, it means that a currency pair is attracting significant selling interest or a large number of selling orders.
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Paneled
A round of quite fierce selling.
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Balance of Trade
The difference between a country's exports and imports.
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Trade Balance
Refers to the difference between imports and exports of goods or services. Countries with trade surpluses (exports greater than imports), such as Japan, generally have their currencies appreciated. On the contrary, countries with trade deficits (imports greater than exports), such as the United States, generally have their currencies depreciated.
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US Oil*
A name for WTI crude oil.
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Construction spending data in the United States
Data released monthly by the U.S. Department of Commerce and the Census Bureau to measure the amount of new construction spending.
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US Prime Rate
The preferential interest rate that banks in the United States lend to high-quality corporate customers.
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Patience
Waiting for certain levels or certain news events to affect the market before establishing a position.
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YoY
Abbreviation for annual growth rate.
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Eurozone Labor Cost Index
An annual rate index that monitors the inflation level of compensation and benefits received by domestic workers, which is seen as the main driving force behind the overall inflation level. Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator Eurozone Economic Cooperation and Development Organization (OECD) Leading Indicator
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European Monetary Union (EMU) European Monetary Union (EMU)
A general term for a policy mix aimed at regulating economic and fiscal policies among EU member states.
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European Central Bank (ECB) European Central Bank (ECB)
That is, the central bank of the new European Union.
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Parabolic
The market fluctuates greatly in a very short period of time, and the trend accelerates in a semi-parabolic form. The direction of the parabola may be upward or downward.
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Wholesale Prices
Measures the level of change in the price that retailers pay for finished goods. It can reflect inflationary pressures earlier than retail data. It can be used to make the previously bought period when the underlying product is trading at a certain level
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Consolidation
Range-bound market after a period of large price movement
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Rights issue
A corporate action that gives shareholders the right to purchase more shares through rights issue. Usually, rights issue is carried out when the company intends to increase capital.
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Closing
The process of stopping (closing) an existing transaction by performing the exact opposite operation of the opening transaction.
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Square
The act of settling an open position by buying and selling.
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Flat/square
Trading term used to indicate a position that has been settled with all reverse transactions. For example, if you buy $500,000 and then sell $500,000, the current position status is closed.
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Basing
A technical analysis method - a chart pattern showing that the demand for a product is almost flat. This situation can lead to a narrow trading range and a consolidation of support and resistance levels.
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Group of Seven G7
The world's seven major industrial countries, namely the United States, Germany, Japan, France, the United Kingdom, Canada and Italy.
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Futures Future
A contract reached between two parties to execute a transaction at a specific time in the future at the current agreed price.
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Futures Contract Futures Contract
A standard contract in which the two parties agree to deliver a commodity or investment product at a certain time in the future at an agreed price. The basic difference between futures and forward transactions is
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Option Option
A financial derivative that gives traders the right but not the obligation to buy or sell a product at a specific price before a specific date.
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Knock-ins
An option strategy that requires the underlying product to trade at a certain level before the purchased option takes effect. Knock-ins are used to reduce the additional cost of the underlying option and can trigger hedging behavior once the option takes effect.
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Liquidation
The act of closing a position by trading a position equal to the open position in the opposite direction.
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Cleared funds
Funds that can be used to clear a transaction at any time.
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Japanese Machine Tool Orders
Refers to the total value of new orders from machine tool manufacturers. Machine tool orders are an indicator of demand for machine manufacturing and a leading indicator of future industrial production. A strong performance means that the manufacturing industry is in good condition and the economy is in an expansionary phase.
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Liquidity
The ability of a market to accept large transactions without or at least affecting price stability.
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Giving it up
Technical level lost in the struggle.
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Japanese Economy Watchers Survey
An indicator that measures the level of confidence in direct service industries such as waiters, drivers and beauticians. A reading greater than 50 indicates a positive trend.
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Day trading
Opening and closing trading positions of the same product within a day.
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Day Trader (Short-term Trader)
Refers to speculative traders in the commodity market who generally close their positions for profit on the same day.
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Appreciation
When the price of a country's currency rises due to increased market demand, it is called "appreciation".
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Commodity currencies
Currencies of economies whose exports rely heavily on natural resources; often specifically referring to the currencies of Canada, New Zealand, Australia and Russia.
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Premium
In the market, when the forward exchange rate is higher than the spot exchange rate, it is called "premium".
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Controlled risk Controlled risk
A situation where the risk is limited by setting a guaranteed stop loss*.
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One Cancels the Other Order (OCO)
Refers to setting two orders at the same time. When one order is executed, the other order is automatically cancelled.
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Revaluation
A situation where the exchange rate of a country's currency rises due to central bank intervention. The opposite of "devaluation".
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Unemployment Rate
The ratio of the number of unemployed people with working ability to the total number of people.
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Realized profit / loss
The amount gained or lost after the position is closed.
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Market Risk
The risk brought by changes in market prices.
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Market order
An order to buy or sell at the current price.
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Market capitalization
The total value of a listed company, equal to the stock price multiplied by the number of shares issued.
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Lot
The unit that represents the number of transactions. The total transaction value varies with the size of the lot.
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Two-Way Price
Refers to the simultaneous quotation of the bid and ask prices.
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Level
A price area and special price that is technically significant or based on reported orders/option interest.
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Hedge
Also known as hedging, it refers to one or more positions established to reduce the risk of holding a position.
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Uptick
The situation where the quoted price is higher than the previous price.
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Chartist
Someone who uses charts, graphs and interprets historical data to find price trends and predict future trends. Also refers to technical traders.
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Arbitrage Arbitrage
Refers to buying or selling an investment product while trading the same amount of positions in the opposite direction in the related market, thereby arbitrage the profits brought by small price fluctuations between different markets.
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Carry trade Carry trade
A trading strategy of going long on a relatively high-interest currency and shorting another lower-interest currency to earn the interest rate difference. For example
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Gap / Gapping
The market moves sharply, and the price jumps through multiple levels without any transactions. Gaps often occur after the release of economic data or news.
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Discount Rate Discount Rate
Interest paid to the central bank by qualified deposit institutions for borrowing short-term loans directly from the central bank.
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Inflation Inflation
An economic situation in which prices rise and consumer purchasing power decreases.
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Position Position
The net value of all positions in a currency.
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Capitulation Capitulation
At a certain point in time when extreme market conditions end, traders holding losing positions close their positions. This situation often indicates that the expected reversal will come soon.
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Portfolio Portfolio
A group of investments held by an entity.
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Delisting Delisting
Stocks listed on an exchange are delisted.
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Gunning, gunned
An investor who pushes to trigger a known stop point or market technical level.
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Open order Open order
An order that will be executed only when the price reaches the specified target price. Usually set to "valid until cancelled".
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Currency trading Foreign Exchange (forex, fx)
Abbreviated as Forex or FX, it means buying one currency and selling another currency at the same time.
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Crown currencies Crown currencies
Refers to Canadian dollars, Australian dollars, British pounds and New Zealand dollars (all Commonwealth currencies).
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Unrealized Gain/Loss
The theoretical profit/loss of an open position calculated at the current market price, which is calculated by the trader. The unrealized profit/loss becomes the actual profit/loss after the position is closed and settled.
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Choppy
A short-term price trend with limited follow-up that is not conducive to aggressive trading.
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Downtrend Downtrend
Price movements are made up of lower lows and lower highs.
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First In First Out (FIFO)
All open positions are closed on a "first in, first out" basis. That is, for all open positions of a currency pair, they will be closed in the order of opening positions, with the first positions held being closed first and the later positions being closed later.
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Cash price
The price at which a product is delivered immediately, i.e. the price of the product at that moment.
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Spot Price Spot Price
Current market price. Spot transactions are generally settled within 2 business days.
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Spot Trade Spot Trade
The act of buying and selling currency or commodity futures and delivering them immediately (as opposed to futures). Spot contracts are generally electronic contracts.
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Cash market Cash market
The market in the actual underlying market on which the derivative contract is based.
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Spot Market Spot Market
Refers to the transaction of currency or commodity futures at the current market price, which is a live transaction.
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Counter currency Counter currency
The latter currency in a currency pair.
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Wedge Chart Pattern Wedge Chart Pattern
Refers to a gradually shrinking chart pattern that looks like a "wedge". In an ascending wedge, the price highs continue to decrease, while in a descending wedge, the price lows continue to decrease. An ascending wedge usually appears after a decline, and a descending wedge usually appears after a rise.
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UK Producers Price Index Input
An indicator that measures the level of price inflation when producers purchase production materials or services. It is worth paying close attention to because it is a leading indicator of inflation levels.
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Forward Points
The number of points to be added or subtracted from the current exchange rate to calculate the forward exchange rate.
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Forward Transaction
Refers to a transaction in which the two parties to the transaction establish the transaction exchange rate and contract in advance based on the interest rate differential of the transaction currency, and then actually deliver the transaction when it expires in the future.
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Asian central banks Asian central banks
Refers to the central banks or monetary management departments of Asian countries. As the reserves managed by these institutions continue to expand due to trade surpluses, their activities in major currencies are also increasing. These institutions have considerable market interest and can affect short-term currencies.
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Harsh Ugly
Describes ruthless market conditions that may be violent and rapid.
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One touch One touch
An option that pays the holder a fixed amount if the market hits a pre-set barrier level.
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Divergence of MAs
A technical observation that describes the movement of moving averages in different time periods away from each other, which usually predicts price trends.
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Convergence of MAs
A technical observation that describes the movement of moving averages in different time periods towards each other, which usually indicates price consolidation.
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Closed position
The expiration of a financial contract (such as a currency). The position is closed by offsetting the open position with an equal amount of the opposite direction. Once closed, the position is "closed".
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Slippery
Industry terminology used to describe the market seems to be preparing to move quickly in a certain direction.
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Interbank Rates
Quotations between large multinational banks.
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UK HBOS House Price Index UK HBOS House Price Index
Assessing the relative level of UK house prices is an important indicator for measuring the UK real estate industry and economic prospects. The index is released by the UK's largest mortgage bank (Halifax Bank of Scotland) and is the longest-running monthly data in the UK housing market index.
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UK Manual Unit Wage Costs
The total labor cost consumed per unit of output.
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British Retail Consortium (BRC) shop price index
An indicator that measures the level of inflation by surveying different retailers. This indicator only measures the change in the price of goods purchased in retail stores.
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UK average earnings including bonus/ Excluding bonus
An indicator that measures the average wage level of workers (including/excluding bonuses). The level of a certain quarter of the current year is compared with the level of the same quarter of the previous year.
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UK House Price Data from the Department of Communities and Local Government (DCLG)
Published monthly by DCLG, it uses a large amount of data on sold homes to monitor price trends in the UK real estate market.
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UK Producers Price Index Output
An indicator that measures the level of price inflation when producers sell goods and services.
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UK Claimant Count Rate
A measure of the number of people applying for unemployment benefits. Since not all unemployed people are eligible for unemployment benefits, the number of applicants is often lower than the unemployment rate data.
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UK jobless claims change
A measure of the change in the number of people claiming unemployment benefits in the previous month.
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UK OIL*
A name for Brent crude oil.
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Resistance level
A price that can act as a peak. The opposite of support.
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Be prepared just in case Keep the powder dry
Limit trading in a tough trading environment. Whether it is a turbulent or narrow market environment, it is best to stay on the sidelines until a clear market opportunity appears.
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Going Short
Refers to the action of selling currency, securities or other investment products without holding them.
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Market Maker Market Maker
Also known as the dealer or market maker, in layman's terms, a trader who holds a stock of financial products and promises to maintain two-way buying and selling transactions of these financial products.
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Suspended trading Suspended trading
The temporary suspension of product trading.
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Bond Bond
The name of a debt issued for a specific period of time
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Liability Liability
Potential loss, liability or financial obligation.
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Book
In a professional trading environment, a book is an overview of all positions held by a trader or a desk.
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Barrier option
A variety of option structures (such as knock-in, knock-out, no-touch and double no-touch - DNT) where a particular price trade is significant. In a no-touch option, if the trigger price is not "touched" at option expiration, the seller is required to pay the buyer a large defined amount. This feature incentivizes option sellers to drive prices through the trigger level and also incentivizes option buyers to defend the trigger level.
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Barrier level
A level of significant importance in a barrier option structure. If the barrier level is reached, the specific barrier option clause will trigger a series of events.
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Real money investors Real money
Large-scale traders, including pension funds, asset managers, insurance companies, etc. They are considered to be the main indicators of long-term market interest, as opposed to shorter-term intraday speculators.
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Stock exchange Stock exchange
A market where securities are traded.
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Political risk Political Risk
The risk of policy changes that will have a negative impact on investments.
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Policy Adjustment Adjustment
Government behavior, generally manifested as changes in domestic economic policies to deal with imbalances in revenue and expenditure or adjust the country's exchange rate.
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Support Support
The price that serves as the basis for past or future price trends.
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Support levels Support levels
Technical analysis term, referring to a price peak or base, the exchange rate will automatically adjust according to it. The opposite of resistance level.
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Payer P aid
Refers to the seller of market transactions.
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Yield
The percentage of return on investment.
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Stops building
Refers to building stop orders; various stop orders allow traders to buy above the current price in an upward market and sell below the current price in a downward market.
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Stop Order
An order to buy or sell that is automatically executed when the market price reaches a preset price. When the market price reaches the order price, the stop order becomes a market order and is executed at the most favorable and tradable price in the market at that time. Please keep in mind that if the market does not trade at the order price, the stop loss order may be executed outside the order price due to market gaps or slippage. The stop loss order will be executed at the next most favorable and executable price in the market after the order price is triggered.
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