Education, online forex broker, forex broker, forex charting service, currency exchange calculator, global forex trading

Parity - (1) Foreign exchange dealer's slang for your price is the correct market price. (2) Official rates in terms of SDR or other pegging currency.

Personal Income - Measures individual whole annual gross earnings from wages, business enterprises and different investments. Personal income is the key to individual spending, which accounts for 2/3 of GDP in the most important economies.

Pip - One unit of price change in the bid/ask price of a currency. For most currencies, it denotes the fourth decimal place in an exchange rate and represents 1/100 of one percent (.01%).

Pips - The smallest unit of charge for any foreign currency. Its digits added to or subtracted from the fourth decimal place, for example 0.0001. It is as well called Points.

Political Risk - Exposure to changes in governmental policy which will have an undesirable result on an investor's position. - Exposure to changes in governmental policy which will have an undesirable result on an investor's position.

Position - The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short ( more currency sold than bought).

Premium - In the currency markets, explains the amount by which the forward or futures price go above the spot price.

Price: The price at which the basic currency can be bought or sold.

Price Transparency - Describes quotes to which every market contributor has equal access.

Profit Taking - The unwinding of a position to realize profits.

Profit /Loss or "P/L" or Gain/Loss - The definite "realized" gain or loss ensuing from trading activities on Closed Positions, in addition the theoretical "unrealized" gain or loss on Open Positions that have been Mark-to-Market.

Purchasing Managers Index Services (France, Germany, Eurozone, UK) - Measures an outlook of purchasing managers in the service part. Such managers are surveyed on many subjects together with employment, new orders, supplier deliveries, production, and inventories. Readings above 50 normally specify expansion, while reading below 50 suggests monetary contraction.

Quote - An indicative price. The price quoted for information purposes but not to deal.

Rally - A recovery in price following a period of decline.

Rate - The price of one currency in terms of another, typically used for dealing purposes.

Range - The difference between the highest and lowest price of a future recorded during a given trading session.

Reciprocal currency - A currency that is normally quoted as dollars per unit of currency rather than the normal quote method of units of currency per dollar. Sterling is the most common example.

Resistance Point or Level - A price recognized by technical analysts as a price which is likely to result in a rebound but if broken through is likely to result in a significant price movement.

Revaluation - Increase in the exchange rate of a currency as a result of official action.

Risk (Foreign Exchange Risk) - The risk that the replace rate on a foreign currency will move not in favor of the position held by an investor such that the value of the investment is reduced.

Risk Management - the employment of monetary analysis and trading techniques to lessen and/or control exposure to various types of risk.

Rollover - An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).

Round trip - Buying and selling of a specified amount of currency.

A-C , D-F , G-I - J-L , M-O - P-R - S-U - V-X - Y-Z