Forex Terms

Here are the most important FOREX terms. To a large extent, learning the syntax or lingo of FOREX is learning FOREX itself.

• Ask Price
• Base Currency
• Bid Price
• Bid/Ask Spread
• Big Figure Quote
• Closed Position
• Correlation to The Stock Market
• Counter Currency
• Cross Currency Pair
• Currency Pair
• Electronic Communications Network
• Flat/Square
• Foreign Exchange
• Going Long
• Going Short
• Leverage
• Lot
• Long Position
• Major Currency
• Margin
• Market Maker
• Minor Currency
• Mundo
• No Dealing Desk (NDD) Broker
• Short Position
• Trading Platform