Basic Forex Terms

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Across
  1. 2. The quotation of two different currencies, where one is quoted against the other
  2. 5. A type of order where a trader sets a buying price above the current market price or a selling price above the current market price
  3. 6. Is a measure of the speed and magnitude of price movements in a financial asset, index, or market over a given time period
  4. 7. A strategy in which an investor borrows money in a currency with low-interest rates and uses that money to invest in a currency with higher interest rates
  5. 8. The type of execution that happens when the order is placed and filled immediately at the market price
  6. 9. The type of execution that occurs only when the market price reaches a price specified by the trader
  7. 11. Refers to a trade that is still active and has not yet been closed out
  8. 14. A currency pair’s second listed currency
  9. 15. The use of borrowed capital to increase your trade size
  10. 16. A type of order a trader sets at a specific price point at which they want to exit a trade to limit their losses
  11. 21. The lowest price a seller is willing to accept
  12. 23. It involves analysing, identifying, assessing and controlling the trade, developing strategies to minimize/avoid losses
  13. 24. Also known as Depreciation
  14. 27. It encompasses the assortment of financial securities held by traders in their trading account. It may include major, minor, and exotic currency pairs.
  15. 29. A visual representation used on charts to identify price fluctuations
  16. 32. Refers to the increase in the value of an asset over time
  17. 34. A visual representation to identify patterns and gauge the near-term direction of prices
  18. 35. A significant price level that an asset has historically struggled to surpass
  19. 36. An order placed with instructions to a broker to close a limit order position when the price rises and reaches a point above the purchasing price
Down
  1. 1. Refers to the process of selling off all assets of a company or individual in order to pay off outstanding debts or obligations
  2. 2. Refers to the amount of a particular currency that a trader holds
  3. 3. Refers to the difference between the expected price of a trade and the actual price at which the trade is executed.
  4. 4. A currency pair’s first listed currency
  5. 10. The fall of the value of a currency in the exchange rate when measured against another currency in the floating market.
  6. 12. Refers to the placing and filling of orders. Occurs when the order has been fulfilled, not when the order is placed
  7. 13. A currency pair’s smallest unit of price movement
  8. 16. The difference between the bid and ask prices of a security or asset
  9. 17. Refers to a standardized measure of the amount of a financial instrument that can be traded
  10. 18. The amount of money a trader must deposit with their broker in order to open a position in the market
  11. 19. The latest price agreed upon which the asset can be traded for
  12. 20. The term used to indicate a negative sentiment towards the market, typically associated with a decline in growth
  13. 22. The maximum price that a buyer is currently willing to pay for a security or asset
  14. 25. Determines the value of one’s currency when converted into another
  15. 26. A trade order in which the trader specifies a certain price for buying or selling a security to their brokerage rather than accepting the current market price.
  16. 28. The term used to describe a positive outlook when the market appears favourable and is experiencing an upward trend
  17. 30. A trade that has been completed
  18. 31. A trade order where the execution of the order is done at the best available price, regardless of the limit price specified in the order.
  19. 33. An order which has yet to be fulfilled