Long / Short
When you first enter the Forex market you either go long by buying a currency or go short by selling a currency. When a currency is going up, you want to buy that currency so you go long. For example, if after researching currencies you learn that euros are expected to increase in [...]
Entries Tagged as 'FOREX Terminology and Notation'
Forex Trading Terms
July 8th, 2008 · No Comments
Tags: FOREX Terminology and Notation
Forex – Limit Orders and Stop-Loss Orders
July 8th, 2008 · No Comments
Limit Orders (Take Profit)
Use a limit order to protect your profits. This will get you set up to exit the Forex market as planned without letting your emotions get the better of you. Avoid being tempted to ride a gain that could turn into a loss by sticking with the trade for too long.
If you [...]
Tags: FOREX Terminology and Notation
Forex Foreign Exchange – Chinese Yuan (Renminbi) – CNY
June 18th, 2008 · No Comments
Spot
Non-convertible. Need a document asset transaction to be able to trade spot. Managed float vs undisclosed basket by CB, band width of +/- 0.5%, to last closing.
NDFS
NDFs typically trade up to one year, but longer NDFs possible up to five years, reasonably liquid and tenors stretch out to 10 years but infrequently traded. Standard [...]