General - page 1686

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

Hi, Just wondering if MetaQuotes plans to enhance MT4 by allowing traders to import third party tick data into MT4, collect live tick data using MT4, backtest strategies using tick data in MT4 and watch tick charts on MT4 using the main chart window (the same window that you have for 1 min charts)....

This article will help to clarify and provide a better understanding of what Currenex actually is and to debunk many of the myths that are out there in the marketplace. What is an ECN? In many instances the term ECN is used when referring to Currenex. An ECN, which stands for Electronic...

I'm new to this forum and doing Forex for a month now. I have a problem with Stochastic and hope anyone can help me. Is it possible to display a Stochastic of a daily chart in a 1hour chart? I want both Stochastic displayed in the 1hour chart, either in one Sto or in two different. When I only

Hi Traders Hope you're ready to become successful forex trader on forex market... Buy low, sell high. That sounds like a ‘doh!’ moment, but there are many people who forget that the market runs in patterns of dips and rises Keep your eye on the pattern and buy when the exchange rate dips, then...

US economy: the economy is in fact growing but unfortunately the job market is not on the same paste! some more positive releases will be needed to support this opinion...