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Liquidation An account being closed due to margin calls. The account value cannot sustain a position. This most frequently happens when there is a large amount of leverage used on a losing trade. Liquidity Liquidity of a market refers to the volume of the current market, the liquidity is a term for...
Law of One Price The theory that the price of an asset, commodity or security will be the same between countries when corrected for exchange rates. The law of one price is another way of describing the mechanism of purchasing power parity. See Also: Purchasing Power Parity Lawful Money Currency...
would this EA text once active in metatrader autofill the take profit field with a 3 pip take profit above the current market price on the forex for any buy or sell trade? if it would not how would i do that, the fastest way for every trade? #define SIGNAL_NONE 0 #define SIGNAL_BUY 1 #define...
Hi, Would like to introduce our services on RAS, ID: 21290 - We have been 2 years trading with the same method with consistent results - We have a maximum fixed stop loss for every trade - We dont do martingale - We only trade one pair - We provide an average of 700-1000 pips per month. We have...
Japanese HousewivesTerminology created by financial press which refers to Japanese households who became major sellers of Yen by speculating on the carry trade. Consequently, currency price levels as forecast by financial institutions turned out to be inaccurate. Japanese Yen (JPY)Japanese currency...
Interest Rate SwapAgreement entered between counter-parties in a foreign currency transaction where one party will pay periodic interest payment on a predetermined dollar principal International Fischer effectThe higher the inflation rate, the lower the value of the currency as propounded by the...
Inconvertible currencyA currency that cannot be exchanged to another currency on account of foreign exchange regulations. Example: Currency of a country that depreciates drastically on account of hyperinflation. Independent introducing brokerNYSE affiliated member who executes orders for floor...
Hard CurrencyCurrencies vested with investor confidence. Example: US$; Euro. Head and shouldersA currency chart formation wherein the price of the currency shows following trends. i. Prices peak and subsequently decline ii. The prices then rise above the peak just reached and again decline. iii....
Group of seven (G7)Block of countries comprising G-5 countries together with Canada and Italy. Group of Eight (G8)Block of countries comprising G-7 countries together with Russia. GearingFinancial leverage. GlobexA globally functioning after-hours electronic trading system. Gnomes of ZurichA word...
Forward (Cash) Contract FuturesA contract of an asset to be delivered at a forthcoming date as per price and quantity specified in the contract. Forward PointNumber of basis points either added to or deducted from the present spot rate to arrive at the forward rate. Forward RatesProjected future...
Flip ForexTraders shifting from more long positions to more short positions indicating the close of a market’s bullish outlook Floating Exchange RateMarket determined foreign currency exchange rate. Related Term: Exchange Rate Floor Broker FuturesIndividual or entity who by virtue of being a member...
Financial BubbleTrading of financial instruments at high volumes and prices far beyond its intrinsic value. Related Term: Economic Bubble Financial RiskWhether the cash flow of an Issuer is sufficient to meet its obligations. Also called Additional Risk Related Term: Country Risk FinexNew York...
Factory OrdersAn economic indicator released by the Census Bureau of the US Department of Commerce that tracks the period-to-period changes in the quantum of orders for durable and nondurable goods. Also known as Manufacturer’s shipments, Inventories and Orders Related Term: Cyclical Industr Fast...
ExchangeBrick and mortar location of trading activity. Example: New York Stock Exchange. Exchange ControlGovernment controls that regulate purchase of foreign currency by resident citizens and/or foreigners buying domestic currency. Exchange for Physicals (EFP) FuturesQuantity of cash commodity...
Escrow AccountAn account held by a third party with respect to a transaction involving two parties and which is released by the third party to one of the other two parties on fulfillment of obligation to the satisfaction of the counterparty. Related Term: Annual Mortgage Statement EuriborRate of...
EasingGovernment Monetary policy changes designed to increase spending by lowering interest rates or a small price decline in a currency’s value. Related Term: Federal Funds Rat ECB ConferencesAnnouncements and press conferences by representatives of ECB’s governing council detailing decisions taken...
Discretionary Account ForexCurrency trading account in the name of an individual or entity controlled and operated by a designated person other than the owner of the said account. Also called managed account. Discretionary Account FutureAn options or futures trading account operated by a broker on...
DeflatorA factor facilitating conversion of current dollar purchasing power to inflation adjusted purchasing power for purposes of price comparison in 2 different time periods. DeliveryReceipt of actual commodity or financial instrument or in the case of currency, the profit or losses credited or...
Daily CutoffTime stipulated by a forex dealer marking the end of a particular trading day and the beginning of a new trading day in order to facilitate the recording of date of trades and to resolve settlement periods. Day orderA foreign currency trading position, whether “buy’ or “sell” that...
Cross-HedgingHedging a particular futures contract position in one commodity with an offsetting futures contract position in another commodity, with both commodities futures having similar price movements. The hedging instrument differs from the security being hedged. Example: Hedging crude oil...
Contract MarketA designated exchange for trading a specific option or futures contract. Example: The S&P 500 Index options and futures contracts are designated to be traded in the contract market Chicago Mercantile Exchange. Related Terms: Designated Exchange, Derivatives Transaction Execution...
Closing a PositionThe process of squaring up a forex trade position by liquidating the buy or sell order as the case may be. Closing Market RateThe Market price of a currency at the end of trading hours on any trading day. Closing RangeThe high and low prices of each currency at the closing hours of...
Central BankEntity responsible for the monetary policy of a country. Also called Reserve bank Central Bank has supervisory power over other banks within the country. Related Terms: Reserve Bank Centralized MarketA situation where all market orders are routed to one central exchange, with no...
CableA popular slang for exchange rate between US dollar and British Pound. Another word for the British Pound Sterling, originating from the fact that dollars/pound sterling exchange rate used to be transmitted through transatlantic cable in the 1800s. Related Terms: Bank of England (BOE) Call...
Bid/Ask spreadPrice differential between the bid and offer (ask) price. Also known as “Bid” Related Terms: B Big figureIndicative of initial 2 or 3 digits of currency exchange price. Example: If EUR/USD price is 0.9525/30 the big figure is 0.95. Blocked CurrencyAny currency used exclusively for...
Back OfficePlace where data pertaining to financial transactions of forex and futures is processed. BacktestingTesting a particular trading strategy on past data, to evolve a future prognosis as most technical analysis is done. This obviates the need to test a particular strategy over a forthcoming...
Asian optionAs opposed to an option whose pay off is at maturity, the payoff of an Asian option depends on the average price of that asset over a certain period of time. Therefore an Asian option precludes losses from arising due to volatility. Also called Average option Related Terms: Average...
Absolute RateAlso called an absolute swap yield. It is expressed in percentage terms. It combines the reference rate such as LIBOR with the fixed portion of an interest - rate swap. Related Terms: Absolute Swap Yield, LIBOR Adjustable PegFixing of a country’s exchange rate in tandem with a stronger...
By Shobhana Chandra Sept. 21 (Bloomberg) -- The index of U.S. leading economic indicators rose for the fifth straight month, capping the longest stretch of gains since 2004 and signaling a recovery is under way. The Conference Board’s gauge of the economic outlook for the next three to six months...
Hello, I'm converting one indicator to expert advisor. The code is almost complete for BUY order. But it is not working. I'm sure, it's just a small error in the code. Please check that. Thanks