General - page 1654

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

The attached EA was an idea i had programed by CoderGuru. I believe it has value but needs some testing to help improve it. I'm therefore making it available to the forum for improvement purposes only. Please don,t try package it as your own. The attached doc. was my brief to the programmer. Lets...

THis is my study of Ichimoku tranlated into EA on VPS I Run this EA live and i wanted to share with the community Tenkan - sen Stats | Rent a Signal People from Elite can messege me . For Elite i give the signal for free others pay 10 $ Take care

Hello all, As I said yesterday long the USD, it was in fact a nice day! As for today, it is a bit more complicated cuz it is back down and the US economy is still pretty unstable, there are no big news today, I personally expect a volatile day, more towards the short positions.

CFD (Contracts For Difference) allows profit from changes in the prices of stocks and shares. It can be defined as an arrangement made in a futures contract whereby differences in settlement are usually made through cash payments, rather than the delivery of physical goods or securities. Its trading...

I have created 2 Profiles and I applied to each profile an Expert Advisor lightly modified. Is it possible to run the expert advisor while the other profile is not active?

I have this simple order: "OrderSend(Symbol(),OP_BUY,Lots,Ask,3,Bid-(StopLoss*Point),0,"BuyOrder",MyNumber,0,Green);" and I get 4107 error code where the prise has 4 more digits than normal when I'm tsting an expert. Ex: if the price is "1.4275", it takes "1.42753000". Strange thing is that it...

I'd be pleased to now if anyone knows of an MT4 indicator that will sound an alarm when volume reaches a preset level or if anyone would have the time to create one. It would be helpful if the alarm trigger level could be a user set variable and the alarm playsound could be a user set file name so...

USD started going up finally... eur/usd: key levels; SL:1.4700 and TP:1.4600 gbp/usd: SL:1.63 TP:1.6100