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Forex Terms
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LA LE LI LO
LIA LIB LIF LIM LIN LIQ
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1. Liability The obligation to deliver currency as part of a spot transaction. In speculative forex trading, currency is not delivered. All profits and losses are subtracted from margin deposits.
2. LIBOR London Interbank Offered Rate - The rate that banks use when borrowing from one another. See also: London Interbank Offered Rate
3. LIFFE London International Financial Futures Exchange
4. Limit Order An order to transact at a specified price or better. See Buy Limit Order and Sell Limit Order.
5. Limit Price The specified price as part of a limit order.
6. Line Chart The simplest form of charting, a line chart plots a series of lines connecting the various price levels over a specified time period.
7. Liquid Term used to describe a market where there are lots of buyers and sellers generating a great deal of volume.
8. Liquidation This is what happens as a result of a margin call. All positions are closed to prevent further loss. At margin call, the value of the account is not sufficient to sustain the position size. More…
9. Liquidity Term used to describe a market where there are lots of buyers and sellers generating a great deal of volume.

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