More Related Content Similar to Essential Forex Trading terminologies (20) Essential Forex Trading terminologies2. Refers to the global market where
one currency is traded for another.
Foreign Exchange
3. Also refers as foreign exchange
which can be any other currency like
for China it is Euro, Yen, Pound etc.
Foreign Currency
5. Biggest market, and its average
daily turnover in global foreign
exchange market is over $5 trillion
Market Size
7. Refers to the current price of one
currency in terms of the other
currency
Exchange rate
9. is the one which is used as base to
quote a pair like in MYR/USD. The
MYR is the base currency.
Base Currency
13. Buying and selling of securities for
one day on the basis of short-term
investment.
Day Trading
14. Or fluctuating exchange rate is the
type in which the currency value is
freely fluctuating in the foreign
exchange market.
Float Rate
15. In fixed exchange rate the
government make currency rate
stable against a specific currency.
Fixed Exchange Rate