Forexgen Academy:
BASE CURRENCYThe currency in which an investor keeps his book of accounts. In the Forex market, the US dollar is normally considered the base currency for quotes. Exceptions are British Pound, Euro, and Australian Dollar. BEAR: A person who thinks that market prices will declineBERAR MARKET: A market that is characterized by declining prices. BID RATE: The rate at which traders can currently sell a particular currency. BID/ASK SPREAD: The difference between the Bid and the Ask price, and the most widely used measure of market liquidity. Narrow spreads usually signify high liquidity. BROKER: An individual or a company that handles investors' orders to buy and sell currencies. Some brokers charge commission for this service. BULL: A person who thinks that market prices will rise. BULL MARKET: A market that is characterized by rising prices.
CABLE: A slang used among traders to indicate GBP/USD exchange rate.CALL RATE: Overnight inter-bank interest rate. CANDLESTICK CHART: A type of trading chart that consists of four major prices: high, low, open and close. The body of the candlestick bar is formed by the opening and closing prices. To indicate that the opening is higher than closing, the body of the bar is left blank. If the instrument closes below its opening, the body is filled.
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