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Forex Terms
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BA BE BI BL BO BR BU
BAC BAL BAN BAR BAS
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1. Back Office The office location, or department, where the processing of financial transactions takes place.
2. Balance of Trade In economics, a country's exports minus its imports.
3. Band In countries where the currency is pegged, the range in which the rates are permitted to fluctuate.
4. Bank of Japan The central bank of Japan. The Bank is often called Nichigin (日銀) for short. The Bank of Japan is headquartered in Nihonbashi, Tokyo, on the site of a former gold mint (the Kinza) and, not More…
5. Bank Rate The rate at which a central bank is prepared to lend money to its domestic banking system.
6. Banking Day Days of the week when commercial banks are open for business in the country of the particular currency traded.
7. Bar Charts A popular format for studying the price action of currency pairs.
8. Base Currency In terms of foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. The base currency is the currency against which More…
9. Basis Point One hundredth of one percent, or 0.0001.
10. Basket of USD Shorts A number of operations where the USD is being sold against various currencies.

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