Thursday, January 17, 2008

Forex Online Software Trading - Forex Glossary

If you came looking for help with improving your Forex Online Software Trading then you will find it here. I hope the following Forex Glossary (A-E) helps. If you would like to get a a great trading platform that can save you a lot of money click on the link at the bottom of the page. ABA - a digital code used by the American Bankers Association to define a bank. Base Currency - The currency which other currencies are quoted against. Basis Point - One hundredth of one percentage point. A change from 5.25% to 5.75% is said to be a 50 basis point move. See Point for currency moves. Bid - The price that a buyer is willing to pay to purchase a given currency and sell another at a particular time. Central Bank - A Government institution in control of the nation s monetary policy and the printing of that nation s currency. Consumer Price Index (CPI) - A measure of the average amount (price) paid for a market basket of goods and services by a typical U.S. consumer in comparison to the average paid for the same basket in an earlier base year. Cross Rates - The exchange rate between two currencies expressed as the ratio of two foreign exchange rates that are both expressed in terms of a third currency. Foreign exchange rate between two currencies other than the U.S. dollar, the currency in which most exchanges are usually quoted. Currency - means money denominated in the lawful currency of a country. Current Account - A category in the balance of payments account that includes all transactions that either contribute to national income or involve the spending of national income. Forex Online Software Trading: Forex Glossary Day Trading - refers to opening and closing the same position(s) before the close of that day s trading. Associated with speculative trading. Deficit Spending - A term which refers to the situation wherein he government spends more than it receives in taxes. Discount Rate - The interest a private bank pays for a loan from the US Federal Reserve System. Draft - click here EMS - European Monetary System Euro - The currency of the European Monetary Union (EMU). This is the amalgamation of the following currencies, after Jan. 1, 2002 these currencies will be considered legacy currencies. Germany Deutsche Marks, Italy Lira, Austria Schillings, France Franc, Belgium Francs, Netherlands (Dutch) Guilders, Finland Markka, Portugal Escudo, Greece Drachmas, Ireland Punt, Luxembourg Francs, Spanish Pesetas. If you are looking for a way to make consistent profits through a proven forex program then you have come to the right place: Howard Teel is an experienced Trading Manager that has been involved in the markets for many years. He has been the President of two online trading firms.

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