Exchange rate system where a country's central bank pegs (fixes) its currency's exchange rate to a more popular reserve currency, such as the USD or Euro, yet has the ability to change the rate when it so desires. Reason? The country might want a fixed rate to make its currency more valuable, in order to make imports cheaper; conversely, it might want a fixed rate to make its currency seem less valuable, to encourage foreigners to buy their exports.

The sum of government spending, personal consumption expenditures, and business expenditures. In Keynsian theory, if the level of debt stops rising and instead slows or falls with the bursting of a credit bubble, then aggregate demand will suffer a sudden and sustained drop when the private sector stops spending and instead turns to debt reduction. The prescription was more government deficit spending to compensate for the shortfall in private debt spending. Hazlitt (Austrian school) thought that Keynes focus on Macroeconomic "aggregates" such as aggregate demand were statistical fictions that concealed the microeconomic relationships among a multitude of individual prices and wages, and that the deficit spending solution for bursting bubbles did more harm than good.

Generated from a variety of sources (fiscal, monetary, regulatory policy, or shocks from natural disasters), aggregate risk poses large implications for economic growth. For instance, when a credit bubble has reached a peak and starts to decline, some banks go bankrupt, others tighten up on credit, raising the standards of quality and reducing the quantity of credit, which can prevent economic growth.

Trading based on pre-defined formulas as opposed to a person manually executing a trade.

An increase in the value of the currency in response to increased demand. A decrease in the value in the currency is called depreciation.

Trading that works through an Application Programming Interface (API), or "go-between" that enables software to interact with other software. In Forex, an API refers to the interface that enables the platform to connect to the market, facilitating real-time forex price quotations, trade execution and order and trade confirmations.

Trades that take advantage of price differences that are not expected to persist, such as price differences between banks or brokerages or regions. Although the price difference may be very small, arbs typically trade regularly and in huge volume, often with fast computer systems, so they can make sizable profits. Markets are seldom efficient, and arbitrage opportunities do sometimes exist between banks or brokerages, but transaction costs (spread and/or commission) make this strategy more risky than it seems.

Also known as the 'offer' price, it is the quoted price at which an investor can buy a currency pair (seen as the higher quoted price than the bid). The difference between the ask and the bid is called the Bid-Ask Spread

An item that has value in an exchange. Assets can be physical, such as real estate or stocks, or a right, such as a patent; they can be as liquid (easily converted to money) as cash in the bank or as illiquid (not as easily converted to money) as real estate.

Not putting all your eggs in one basket and instead dividing your funds into different markets in an attempt to reduce your risk.

The classification of an asset, such as stocks, options, fixed income, commodities, or forex.

Abbreviation for the Australian dollar and U.S. dollar (AUD/USD) currency pair. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one Australian dollar (the base currency). Trading the AUD/USD is also known as trading the "Aussie".

A financial institution granted authorization from a relevant regulatory body to act as a dealer of forex. In the US, the National Futures Association (NFA) ensures that forex dealers are subject to stringent screening and enforcement of regulations.

Means your orders are sent via software robot to your broker automatically and instantly without human intervention, even when away from your computer. It is more disciplined than manual trading, because there no more missed opportunities or poor execution because trader is not in front of computer, second guessing his system, or making typing mistakes. See manual trader.

The brokerage department that handles internal accounting, compliance with government regulations, legal matters, account record keeping, settlements, and clearing services.

A country's exports minus its imports. If the value of exports exceeds that of imports, the country has a trade surplus, while the opposite case is a trade deficit. An overly large trade deficit weakens the currency over time. See also trade deficit, trade surplus.

A range between two limits. In countries where the currency is pegged, the band represents the range in which the rates are permitted to fluctuate. Government regulation may also establish a band of acceptable inflation rates and take steps to ensure that they remain with that band.

Established in 1694 (second oldest central bank), it has three primary goals: 1) support the economic policies of the UK government to promote economic growth; 2) maintain price stability with a CPI inflation target of 2%; and 3) maintain financial stability, which means protecting against threats to the whole financial system (which means that in exceptional circumstances the Bank the Bank may act as the lender of last resort by extending credit when no other institution will.

The central bank of Japan, established in 1882, it is responsible for issuing the yen, setting monetary policy, issuing Japanese government securities, and preserving a strong financial industry.The Bank of Japan is headquartered in Nihonbashi, Tokyo, on the site of a former gold mint (the Kinza), near the famous Ginza district, whose name means "silver mint". www.boj.or.jp/en/

The interest rate at which a central bank is prepared to make short-term loans to commercial banks. In general, a low interest rate indicates that the central bank is trying to promote growth by making liquidity easily available, whereas a high rate shows the central bank is concerned about inflationary pressures and so is trying to reduce the amount of money in the economy. In the United States, the bank rate is known as the federal funds rate, whereas in the United Kingdom the key interest rate is called the official bank rate, the lowest rate at which the Bank act as a lender of last resort to the money markets.

A popular format for studying the price action of currency pairs, a bar chart can represent any time frame and is made up of four elements: the Open, High, Low, and Close for the trading session/time period. The top of the bar represents the High, the bottom the Low, the small dash to the left represents the Open, and the small dash to the right the Close.

The first currency listed in currency pair, the base currency is the currency against which exchange rates are generally quoted in a given country. Examples: for USD/JPY, the US Dollar is the base currency; for EUR/USD, the Euro is the base currency.

One hundredth of one percent, or 0.0001.

A trader who believes prices of a currency will decline, and so takes steps to limit losses or exploit profits if and when the market falls.

A market distinguished by declining prices, usually for an extended period of time.

Also known as the 'bid price' and 'bid rate', it is the quoted price at which an investor can sell a currency pair (seen as a lower quoted price than the ask). The difference between the bid and the ask is called the bid-ask spread.

This is the difference between the bid and price (Ask-Bid). The spread is how Forex brokers make money from our trades. Example: If the current bid price for the EUR/USD currency pair is 1.5750 and the current ask price is 1.5753, this means that you can sell the EUR/USD at 1.5750 and buy at 1.5753. The 3 pip difference is called the spread.

The first two or three digits of a foreign exchange price or rate. Examples: for the USD/JPY rate of 88.30/32 the big figure is 88; for the EUR/USD price of 1.3318/1.3320 , the big figure is 1.3.

A popular volatility indicator, it plots three bands on to the underlying price curve: the moving average, and the bands themselves, which are two standard deviations above and below the moving average.

In a professional trading environment, a 'book' is the summary of a trader's or desk's total positions.

An agreement signed by the original United Nations members in 1944 that established the international monetary fund (IMF) and the post-World War II international monetary system of fixed exchange rates. The system created a fixed exchange rate system with 1% fluctuations of the currency pegged to the price of gold at US $35 per ounce. The Agreement remained in place till 1971, when the United States under Nixon unilaterally depegged from gold and established a floating exchange rate for the major currencies.

The currency of the United Kingdom, issued by the Bank of England, it is the third largest reserve currency in the world and is the oldest currency still in use. It was pegged to the US Dollar under the Bretton Woods System, but has become a floating currency since 1971. Also called Pound Sterling, or Cable.

An individual or firm that executes orders to buy and sell currencies and related instruments for a commission or spread.

Someone who believes that prices will rise, and so takes steps to limit losses or exploit profits when and if the market rises.

A market distinguished by rising prices.

Germany's Central Bank, established in 1957 and headquartered in Frankfurt, it issued the Deutsche mark until 2002 when it was replaced with the euro. Today, the Bundesbank remains the most influential member of the European System of Central Banks, and it has a lingering reputation of having a hard money (anti-inflationary) money policy.

Since currencies are always priced in pairs, all trades result in the simultaneous buying of one currency and the selling of another. Hopefully you buy the currency that increases in value relative to the one you sold.If the bought currency appreciates in value, then you must sell the currency back in order to lock in the profit.

A conditional order to buy a currency at the specified price (the limit) below the current market, or lower.

A limit order placed above the current market price, and once triggered, becomes a market order. Buy stops are used to exit short positions or start a new long position at the breakout price.

Essentially means buying on credit. Margin refers to the portion that is put up rather than what is borrowed.

Slang used for the GBP/USD currency pair (British pound vs the US dollar), derived from when the British Pound was more dominant and the currency was continually wired between North America and Europe via transatlantic cable in the 19th Century.

A popular chart where each session is represented by a drawing that looks like a candle. The candle has wicks (called shadows) coming out of each end, with the top representing the high and bottom representing the low prices for the session. If the open price is higher than the close price, the rectangle between the open and close price is shaded; the bottom of the body is the open and the top the close, and entire candlestick represents upward movement. If the close price is higher than the open price, that area of the chart is not shaded; the bottom of the body is the close and the top the open, and the entire candlestick represents downward movement.

You borrow and pay interest on a low interest rate currency like the Yen in order to buy a higher interest currency or debt instrument, such as the Australian Dollar or Aussie government bonds. While the trade can produce a positive interest rate differential over time, the largest risk of the carry trade is that the exchange rate will move in an adverse direction, eliminating the profit from the positive interest rate differential.

A grid system that stages multiple limit orders on a carry positive currency, each order set in fixed intervals from each other, scaling in when the market travels adversely to your initial entry. The grid component can increase the odds of getting to breakeven, while the carry component can bring interest profit while it is doing so. The largest risk is that the sustained adverse move can quickly pile up the grid levels, increasing and aiming the leverage against the account.

Funds deposited in a trading account.

A government or quasi-governmental organization whose responsibilities include the issue and regulation of currency, the regulation of banks under its jurisdiction, and the enactment of a sustainable monetary policy. Central banks are commonly charged with finding the balance between maintaining low inflation and high economic growth. They do this primarily by setting interest rates at which they lend to banks under its jurisdiction which, in turn, highly influences interest rates throughout the country or region. Prominent central banks include the Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan, and the People's Bank of China.

An individual who uses charts and graphs and interprets historical data to find trends and predict future movements. Two chartists may have different projections after viewing the same chart.

A market where the bid equals the ask (identical) and thus no bid-ask spread. All trades buys and sells occur at that one price. This type of market is a temporary phenomenon and relatively uncommon.

An international wire system sued by major banks.

The process of settling a trade, wherein the seller delivers the price (or good) and the buyer buys it, in prescribed manner and on time. A trade that does not clear is said to fail.

A transaction that offsets the number of units taken in a previous position so that your market exposure is zero. When 10,000 units of EURUSD are bought, the position is closed when 10,000 units are sold

The rate at which a position can be closed based on the market price at end of the day.

Established in the 19th century, it is the largest options and futures exchange in the world, with 70% of its business takes place electronically on CME Globex, the oldest electronic futures exchange in the world with well over one billion transactions since its introduction in 1992.

Something given to secure a loan or as a guarantee of performance.

A transaction fee paid to a broker to execute a trade that varies from broker to broker. For some forex brokers such as ECNs, the spread is narrower than most brokers (which makes it attractive), but it can only get away with this tighter spread by charging a commission (which makes it less attractive). When evaluating and comparing the transaction costs of brokers, one should add the spread plus commission.

An exchange where various commodities and derivatives products are traded, including wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, and so on. The Chicago Board of Trade and New York Mercantile Exchange are the largest and most well-known commodity exchanges in the world.

The United States regulatory agency for commodity futures trading (www.cftc.gov), as well as forex in recent years. It is an independent agency of the US government with the stated mission to protect market users and public from fraud, manipulation and abusive practices.

A month to month economic indicator which gauges changes in the cost of living by measuring price changes in a common basket of goods and services that most people use, such as food, clothing, transportation, and entertainment. The annual percentage change in a CPI is used as a measure of inflation. The CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.

The value of one currency exchanged for another currency.

A currency that can be exchanged for another without special permission and few restrictions.

Traders' term for the Danish Krone.

The tendency of an economic crisis to spread from one market to another. For example, the late 2000s recession began with a large number of defaults on subprime mortgages in the US, and because investors worldwide invested in mortgage-backed securities based on subprime, the US subprime defaults turned turned into a global meltdown.

A document exchanged by counterparts to a transaction that states the terms of said transaction immediately after a trade is executed, such as settlement date, size, price, commission, terms of trade, etc.

The standard unit of trading on certain exchanges.

The rate used by financial institutions to borrow money to cover a shortage of funds (primarily for end-of-day settlement) from those institutions with a surplus of funds.

A statistical term measuring the relationship between two seemingly variables during a period of time. In finance, correlation is the extent to which the values of different investments move in tandem with one another .For example, the EURUSD and the EURJPY on a daily time frame have over 80% correlation, that is, they move largely in the same direction. Markets with a correlation of +0.5 (or 50%) or more tend to rise or fall in value at the same time, whereas markets with a correlation of -0.5 to -1 (-50 to -100%) move in inverted directions.

One of the participants in a financial transaction. The buyer and seller of a good are the counterparties to the sale of that good.

The risk that a foreign government will alter its policies or regulations so that it negatively impacts the economy or particular industry/market returns.

Occurring when economic growth is declining and/or interest rates rise and/or systemic rise in bade debt, it represents a situation where it is difficult to finance through borrowing.

Foreign exchange rate between two currencies that do not involve the US Dollar.

Any form of money issued by a government or central bank and used as legal tender and a basis for trade.

Similar to currency futures markets with the difference between them being that the terms of contract between the two parties is determined solely by the parties involved and don’t have to be based on a public commodities market.

Where contracts are bought and sold based upon a standard size (much larger than spot forex) and settlement date on public commodities markets. Investors agree to buy or sell a fixed amount of a specific currency at a fixed exchange rate on a fixed date in the future.

The probability of an adverse change in exchange rates, to the exchanger or trader’s detriment.

The two currencies in a foreign exchange transaction. The “EUR/USD” is an example of a currency pair.

Germany's primary stock index, tracking the performance (dividends added in) of the 30 most actively traded stocks on the Frankfurt Stock Exchange.

With stocks, a request from a customer to buy or sell a stock, that, if not cancelled or executed the day it is placed, expires automatically. For example, with a day order to buy a stock at $50 or better, and the stock never rises above $50, the order is not filled and expires as worthless. See also good-till-cancelled order.

The opening and closing of a position in the same trading day, in order to profit from short-term changes in price.

A trader who makes many trades through a trading day, buying and selling positions in order to profit from short-term changes in prices. Duration of trades is a few minutes to a few hours, and rarely held overnight. Day trading is considered high risk because there is no guarantee that price will move in the short term desired direction, and transaction costs mount up with this more frequent trading style.

Refers to positions which are opened and closed on the same trading day.

An individual who acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to either a small price decline in a currency or when a central bank engages in monetary policy to spur spending. An example of central bank easing would be lowering of interest rates.

With stocks, a request from a customer to buy or sell a stock, that, if not cancelled or executed the day it is placed, expires automatically. For example, with a day order to buy a stock at $50 or better, and the stock never rises above $50, the order is not filled and expires as worthless. See also good-till-cancelled order.

The opening and closing of a position in the same trading day, in order to profit from short-term changes in price.

A trader who makes many trades through a trading day, buying and selling positions in order to profit from short-term changes in prices. Duration of trades is a few minutes to a few hours, and rarely held overnight. Day trading is considered high risk because there is no guarantee that price will move in the short term desired direction, and transaction costs mount up with this more frequent trading style.

Refers to positions which are opened and closed on the same trading day.

An individual who acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

Refers to positions which are opened and closed on the same trading day.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

The Fibonacci Fans and Bands are multiple support/resistance lines drawn on charts derived from the Fibonacci number series.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

Currency code for British Pound sterling, commonly called the pound (Symbol is £). The third largest reserve currency in the world, it traces its origins to Anglo-Saxon times and is the oldest currency in use today.

A freely convertible currency issued by a politically and economically stable country that investors have confidence in because they see it as not depreciating in value in the foreseeable future. Examples of hard currencies include the US Dollar or the Euro or the Japanese yen.

A freely convertible currency issued by a politically and economically stable country that investors have confidence in because they see it as not depreciating in value in the foreseeable future. Examples of hard currencies include the US Dollar or the Euro or the Japanese yen.

A freely convertible currency issued by a politically and economically stable country that investors have confidence in because they see it as not depreciating in value in the foreseeable future. Examples of hard currencies include the US Dollar or the Euro or the Japanese yen.

A freely convertible currency issued by a politically and economically stable country that investors have confidence in because they see it as not depreciating in value in the foreseeable future. Examples of hard currencies include the US Dollar or the Euro or the Japanese yen.

A freely convertible currency issued by a politically and economically stable country that investors have confidence in because they see it as not depreciating in value in the foreseeable future. Examples of hard currencies include the US Dollar or the Euro or the Japanese yen.

A freely convertible currency issued by a politically and economically stable country that investors have confidence in because they see it as not depreciating in value in the foreseeable future. Examples of hard currencies include the US Dollar or the Euro or the Japanese yen.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

Term invented by us to describe how the addition of outside indicators and techniques to any one indicator can obscure and distort the true nature of that indicator.

The yen is the Japanese currency unit. It is the third most-traded currency in the foreign exchange market after United States dollar and the Euro.

The yen is the Japanese currency unit. It is the third most-traded currency in the foreign exchange market after United States dollar and the Euro.

The yen is the Japanese currency unit. It is the third most-traded currency in the foreign exchange market after United States dollar and the Euro.

When smaller economies align their exchange rates to that of a more domimant economy.

When smaller economies align their exchange rates to that of a more domimant economy.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Economic indicators used to confirm a previous economic trend. For example, a fall in unemployment rate is considered a lagging indicator of an economic recovery, occurring after other indicators of recovery, such as GDP growth.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

A put sold by someone who is not short the underlying asset. It is considered very risky because if the put holder’s market dramatically fell in price, the put seller must pay the put holder a substantially amount of cash. See also Covered Options.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Less than the standard transaction size. In securities trading, odd lots are orders less than 100 shares of stock. In forex trading, odd lots are less than 100,000 units, which has become so commonplace now that is not so odd and rarely used.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

Of equal value, the word is often used in relation to pegged currencies. If one currency pegs itself to another at par, it means that the central bank has declared the currencies of equal value.

A technique to analyze an observed behavior by using complex mathematical and statistical modeling and measurement methods.

A technique to analyze an observed behavior by using complex mathematical and statistical modeling and measurement methods.

A technique to analyze an observed behavior by using complex mathematical and statistical modeling and measurement methods.

A technique to analyze an observed behavior by using complex mathematical and statistical modeling and measurement methods.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

An upward recovery prices after a prolonged decrease in price to oversold levels, or a bear market rally, which is a brief upward move between two downturns.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

A position that is opened and closed on the same day.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

A currency that cannot be exchanged for another because of foreign exchange regulations.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

Order type whereby an open position is closed at a specific price (above the market for a long, below for a short) in order to lock in a profit.

The process of determining the value of an asset or company.

The process of determining the value of an asset or company.

The process of determining the value of an asset or company.

The process of determining the value of an asset or company.

The process of determining the value of an asset or company.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A certificate, usually issued along with a bond or preferred stock, giving the holder to buy a specific number of securities at a specific price, which is usually above the current market. They are like call options but with longer time spans, sometimes years, and they are offered by corporations, while call options are not issued by firms.

A currency symbol under the ISO 4217 standard denoting one troy ounce of silver

A currency symbol under the ISO 4217 standard denoting one troy ounce of silver

A currency symbol under the ISO 4217 standard denoting one troy ounce of silver

Traders' term for a billion as in a billion dollars.

The return on an investment, usually calculated in percentage terms.

A curve that shows the relationship between yields and maturity dates for a set of similar bonds, usually Treasuries, at a given point in time.

Currency symbol for the South African Rand.

A policy where interest rates are at or very near to zero percent and Central Banks cannot reduce interest rates further to stimulate more borrowing and spending.