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Forex Terms
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BA BE BI BL BO BR BU
selected terms: 28 page 1 of 2

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.
11. Bear A trader who believes prices will fall.
12. Bear Market An extended period of general price decline in an individual security, an asset, or a market.
13. Bid The price at which an investor can place an order to buy a currency pair; the quoted price where an investor can sell a currency pair. This is also known as the 'bid price' and More…
14. Bid/Ask Spread The point difference between the bid and offer (ask) price. The spread is what Forex brokers use to make money on every Forex trade placed through their network. Example: Currency More…
15. Big Figure The first two or three digits of a foreign exchange price or rate. Examples: USD/JPY rate of 108.05/10 the big figure is 108. EUR/USD price of .8325/28 the big figure is .83 See also: More…
16. BOJ See also: Bank of Japan
17. Book The total number of currency positions a dealer has at any given moment. Typically, the dealer aims to have a net position of zero in terms of risk. This means that for the aggregate, all More…
18. Bretton Woods The site of the conference which in 1944 led to the establishment of the post war foreign exchange system that remained intact until the early 1970s. The conference resulted in the More…
19. British pound The term British pound is commonly used in less formal contexts, although it is not an official name of the currency of the United Kingdom. The full, official name, pound sterling, More…
20. Broker An agent, who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or More…

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