金融衍生品常用语 – 专有名词列表
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Adjustable Peg: Exchange rate regimen where a currency’s exchange rate is pegged (fixed) in relation to a stronger currency, such as the US Dollar or the Euro. The pegged rate is adjusted occasionally in an attempt to improve the country’s competitive position. For example, China’s Yuan is sometimes pegged to the US Dollar.
可调挂钩:汇率制度,货币的汇率挂钩(固定)与人民币升值,如美元或欧元。 盯住汇率调整偶尔为了提高国家的竞争力。 例如,中国的人民币是有时盯住美元。
Aggregated Risk: A bank’s exposure to Forex contracts from a single customer.
Agio: A fee charged to exchange money from one currency to another.
Ask: The price at which sellers are willing to sell a currency pair, also known as the ‘offer’, ‘ask price’, and ‘ask rate’.
Asset Class: An item that has value; an investment such as stocks, options or Forex.
AUD/USD: The abbreviation for the Australian dollar and U.S. dollar (AUD/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one Australian dollar (the base currency)
Aussie: Dealer slang for the AUD/USD currency pair.
Authorised Dealer: Depending on the regulatory body, a dealer authorised to deal in Forex.
Automated Dealer: A trader who uses an automated system to input trades without any human input.
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Back Office: The office location, or department, where the processing of financial transactions takes place.
Band: In countries where the currency is pegged, the range in which the rates are permitted to fluctuate.
Bank Rate: The rate at which a central bank is prepared to lend money to its domestic banking system.
Banking Day: Days of the week when commercial banks are open for business in the country of the particular currency traded.
Bar Charts: A popular format for studying the price action of currency pairs.
Base Currency: In terms of foreign exchange trading, currencies are quoted in terms of a currency pair. The first currency in the pair is the base currency. The base currency is the currency against which exchange rates are generally quoted in a given country. Examples: USD/JPY, the US Dollar is the base currency; EUR/USD, the Euro is the base currency.
基础货币:金融衍生品交易而言,货币报价的货币对。 第一个货币对基础货币。 基础货币是货币的汇率通常引用一个特定国家。 例子:美元/日圆,美元是基础货币,欧元/美元,欧元是基础货币。
Basis Point: One hundredth of one percent, or 0.0001.
Basket of USD Short: A number of operations where the USD is being sold against various currencies.
Bear: A trader who believes prices will fall.
Bear Market: An extended period of general price decline in an individual security, an asset, or a market.
Bid: The price at which an investor can place an order to buy a currency pair; the quoted price where an investor can sell a currency pair. This is also known as the ‘bid price’ and ‘bid rate’.
Bid/Ask Spread: The point difference between the bid and offer (ask) price.
Big Figure: The first two or three digits of a foreign exchange price or rate. Examples: USD/JPY rate of 108.05/10 the big figure is 108. EUR/USD price of .8325/28 the big figure is .83
大数据:前两个或三个数字的金融衍生品价格或利率。 例子:美元/日圆的108.05/10大的数字是108。 欧元/美元的价格。 8325/28大点
Book: The total number of currency positions a dealer has at any given moment. Typically, the dealer aims to have a net position of zero in terms of risk. This means that for the aggregate, all customers’ long and short positions balance each other out.
书:货币头寸的数量一个商人有在任何给定的时刻。 通常情况下,经销商将净位置零风险。 这意味着总,所有客户的长期和短期的立场相互抵消。
Broker: An agent, who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks, bringing buyers and sellers together for a commission paid by the initiator or by both parties. There are four or five major global brokers operating through subsidiaries, affiliates and partners in many countries.
代理:代理,执行订单买卖货币和相关仪器的一个委员会或传播。 经纪人代理工作委员会,而不是主体或代理代理在自己的账户。 在金融衍生品市场经纪人倾向于银行之间充当中介,使买家和卖家一起一个委员会由发起人或由双方支付。 有四个或五个主要全球代理操作通过子公司、分支机构和合作伙伴在许多国家。
Brokerage: A company that offers trading services to the public.
Bull: Trader who believes that prices will rise.
Bull Market: A market that is on a consistent upward trend.
Buy Limit Order: An order to execute a transaction at a specified price (the limit) or lower.
Buy on Margin: The process of buying a currency pair where a client pays cash for part of the overall value of the position. The word margin refers to the portion the investor puts up rather than the portion that is borrowed.
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Cable: Also known as Sterling. Dealer slang for the GPB/USD currency pair.
Carry Currencies: High interest rate currencies.
Carry Grid: A grid of positions (including open orders, take profits, and stop losses) built on a carry trading strategy.
Carry Positive: A carry trade where you are long the high interest currency and short the low interest currency. Excluding the volatility of the currency pair, this forex strategy is profitable based on the interest rate differential between the two countries.
Carry Trade: The carry is the cost of keeping a position open overnight. Each currency has a different interest rate associated with it. You are paid interest on the currency you are long on, and you must pay interest on the currency on which you are short. The difference is the carry, sometimes referred to as the cost of carry.
套利交易:套利的成本是保持一个位置开放过夜。 每个货币都有一个与之关联的不同的利率。 你支付货币利息长,你必须支付利息的货币你是短的。 不同之处在于携带,有时被称为携带的成本。
Cash on Deposit: Funds deposited in a trading account.
Chartist: A person who attempts to predict prices by analysing past price movements as recorded on a chart.
Closed Position: A transaction that offsets the number of units in a previous open position. In the case of a long position, selling the exact number of units so that your exposure in the market is zero.
Closing a Position: The process of selling or buying a foreign exchange position resulting in the liquidation (squaring up) of the position.
Closing Market Rate: The rate at which a position can be closed based on the market price at end of the day.
Commission: The fee that a broker may charge clients for dealing on their behalf.
Confirmation: Written acknowledgment of a trade, listing important details such as the date, the size of the transaction, the price, the commission, and the amount of money involved.
Consumer Price Index: A month-to-month economic indicator, which gauges changes in the cost of living by measuring price changes in a common basket of goods and services that most people use, such as food, clothing, transportation, and entertainment.
Conversion Rate: The value of one currency exchanged for another currency.
Copey: Traders’ term for the Danish Krone.
Correlation: A statistical term that refers to a relationship between two seemingly independent things. In Forex for example, one could argue that the Euro and the Sterling have a higher correlation than, for example, the Euro and the Brazilian Real.
Counterpart: A participant in a financial transaction.
Counterparty: The other party in a Forex deal. In online spot Forex, the counterparty is the market maker.
Country Risk: By virtue of economic, political, and geographical factors, some countries are more stable than others. Country risk in reference to Forex means the stability of the currency and the creditworthiness of its bonds.
Cover: (1) To take out a forward foreign exchange contract.
(2) To close out a short position by buying currency or securities which have been sold.
Cross Rate: The exchange rate between 2 currencies where neither of the currencies are USD.
Currency Code: The currency codes are specified by ISO 4217. Most codes are composed of the country’s two-character country code, and the first character of the national currency name.
货币代码:货币代码是由ISO 4217规定。 大多数代码是由该国高价票的国家代码,和国家货币名称的第一个字符。
Currency: Money issued by a government. Coins and paper money. It is a form of money used as a unit of exchange within a country.
货币:政府发行的货币。 硬币和纸币。 这是一种金钱作为交换单元在一个国家。
Currency Pair: The two currencies in a foreign exchange transaction. The “EUR/USD” is an example of a currency pair.
Currency Risk: The risk that shifts in foreign exchange rates may undermine the dollar or any other foreign currency value of overseas investments.
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Day Order: A buy or sell order that will expire automatically at the end of the trading day on which it is entered.
Day Trade: A trade opened and closed on the same trading day.
Day Trader: A trader who tries to profit from short-term price movements, often taking and closing a position within the same trade day.
Deal Blotter: A list of all the deals that were done in a trading day.
Deal Date: The date a transaction is entered.
Deal Ticket: A record of the basic details of a transaction that a dealer keeps, as opposed to the statements that customers receive.
Dealer: An individual or firm that buys and sells assets from their own portfolio, acting as a principal or counterparty to a transaction.
Dealing Desk: Used loosely as the place where dealers facilitate pricing and executing trades.
Dealing Systems: Computer networks that link up banks to create the Forex market. Examples of dealing systems are Reuters terminals and Bloomberg machines.
Default: Term for breaching a contract.
Deficit: In economics, when the balance of trades or payments are negative.
Deflation: A deep and long-lasting decrease in the price of goods and services within an economy. It is the opposite of inflation, which is an escalation in prices. An extended period of deflation can lead to a deflationary spiral – this is a decrease in prices resulting from reduced demand for goods and services, which leads to lower employment. With fewer people earning wages, demand falls even more and further perpetuates the cycle.
通货紧缩:深刻和长久的降低价格的商品和服务在一个经济。 这是相反的通货膨胀,这是一个升级价格。 一段时间的通货紧缩会导致通货紧缩螺旋——这是导致商品价格下降对商品和服务的需求减少,导致较低的就业。 用更少的人挣的工资,需求下降更多,进一步加剧了周期。
Delivery: Date when a Forex contract matures, usually two days after the transaction is entered. In the scope of online Forex trading, delivery of the actual currencies is not taken. Rather, profits and losses are credited or debited from one’s account balance.
交付:金融衍生品合约到期日期,通常两天后事务输入。 在网上金融衍生品交易的范围,交付实际的货币不采取。 相反,利润和亏损是划入或划出从一个帐户余额。
Delivery Risk: Risk where a counter party is not able to fulfil his side of the deal even though he is willing to do so.
Depreciation: When the value of a particular currency falls substantially.
Depth of Market: The volume of buys and sell orders waiting to be transacted for a particular currency pair at a particular point in time.
Derivative: A financial contract whose value changes in relation to an underlying security. For example, an option changes value according to the asset that underlies it.
Details: The information necessary to facilitate a Forex transaction. For example, the currency pair, rate, time and date, and the quantity.
Devaluation: When a government allows the value of its currency to weaken in relation to other currencies.
Direct Quote: Quoting in variable units of domestic currency per fixed units of foreign currency.
Dirty Float: Exchange rate policy where the value of a currency is allowed to fluctuate, but the central bank will intervene from time to time.
Discount Spread: Refers to the situation where the bid price of a forward spread rate is less than the ask price.
Discretionary Account: An account where a customer allows the institution to make trading decisions and buy and sell on his or her behalf.
Diversified Carry Basket: A portfolio of carry trade positions that is distributed among different carry currencies and funding currencies in order to limit losses in one particular carry trade position.
Dollar Rate: The amount of foreign currency quoted against one US Dollar. Some currencies are quoted in the amount of US Dollars per foreign currency unit, like the British Pound.
Domestic Rates: The interest rates that apply to deposits or borrowing of a particular foreign currency. These rates are similar to those offered within the foreign country to citizens who keep money in deposit accounts.
Done: The term used by traders to signal that a contract has been agreed upon.
Drawdown: The size of a drop in the value of an account from its peak to its low.
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Easing: Refers to either a small price decline in a currency or when a central bank engages in monetary policy to spur spending. An example of central bank easing would be lowering of interest rates.
ECN Broker: Forex ECN brokers provide access to an electronic trading network, supplied with streaming quotes from the top tier banks in the world. By trading through an ECN broker, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace.
Economic Indicator: A statistic that is used to gauge current economic conditions.
Effective Exchange Rate: Explanation of a country’s currency strength or weakness entirely on its trade balance.
Electronic Communication Network: An electronic communication network (ECN) is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. FX ECN brokers provide access to an electronic trading network, supplied with streaming quotes from the top tier banks in the world. By trading through an ECN broker, a currency trader generally benefits from greater price transparency, faster processing, increased liquidity and more availability in the marketplace.
电子通信网络:电子通讯网络(ECN)是金融界的术语的一种计算机系统,促进了交易的证券交易所以外的金融产品。 ecn的初级产品,交易股票和货币。 金融衍生品ECN经纪商提供电子交易网络,提供流媒体引用世界顶级银行。 通过ECN经纪人交易,金融衍生品交易员通常受益于更大的价格透明度,更快的处理,增加市场流动性和更多的可用性。
Elliot Wave Principle: An attempt to explain market activity by ascribing a pattern of eight waves to any complete cycle. The eight wave patterns consist of a five-stage advance and a three-stage correction.
End of Day Mark to Market: The value of all open positions in a dealer’s book based on the closing market rates. In addition, any profits or losses are recorded.
Entity Trading Account: A trading account that does not belong to an individual, but rather to a company that has designated a person to be responsible for it’s trading decisions.
Equities: Ownership interest in a corporation in the form of common stock or preferred stock.
Equity: Total assets minus total liabilities; also called net worth.
Equity Curve: The value of a trading account graphed over a period of time.
Escrow Account: A segregated account where customer money is kept separate from a dealer’s operating funds.
Euro Interbank Offered Rate: The Euro Interbank Offered Rate or Euribor is a daily reference rate based on the averaged interest rates at which banks offer to lend unsecured funds to other banks in the Euro wholesale money market or interbank market.
Eurocurrency: A currency that is deposited in a financial institution located outside the currency’s country of origin.
Eurodollar: US Dollars deposited in a bank outside the USA.
European Monetary System: An arrangement in the 1970s and 1980s where many European countries linked their currencies to prevent large fluctuations in value. It was one of several initiatives leading to the deployment of the Euro.
Excess Margin Deposits: Deposited funds in a trading account above and beyond what is required for margin requirements.
Exchange: The physical location of trading activity. Some famous examples include the New York Stock Exchange or the Chicago Mercantile Exchange.
Exchange Control: Various devices a central bank uses for controlling the movement of foreign exchange so as to not deplete a country’s reserves.
Exchange Rate: In finance, the exchange rates (also known as the foreign-exchange rate, Forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 102 Japanese Yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 102 is worth the same as USD 1.
Execution: Completing a trade.
Exit: In the case of a long position, the sale of the long currency. In a short position, the purchase of the short currency, resulting in a closed position.
Exotic: As opposed to the major currencies, which are heavily traded, exotics are the less traded currencies.
Expiration Date: The day on which a financial option is no longer valid.
Exposure: The net of all long and short positions for a particular currency. Based on the traders’ positions for all currencies, his/her exposures can result in either loss or gain.
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Fiat Currency: Fiat currency is the opposite of a gold standard arrangement. In a fiat currency system, the currency value rises and falls on the market in response to demand and supply pressures. It is this fluctuation that makes it possible to speculate on future currency values.
法定货币:法定货币的反面是一个黄金标准安排。 在法定货币系统中,市场上的货币价值上升和下降在需求和供给压力。 正是这种波动,可以推测未来的货币价值。
Fill: Completing an order to buy or sell.
Fill or Kill: An order that must be executed immediately based on certain criteria such as price and quantity. If it cannot be executed, the order is immediately cancelled.
Fill Price: The price at which a buy or sell order goes through.
Firm Quote: When a buyer or seller requests a firm quote, the dealer provides a bid and ask quote that can be immediately executed if the buyer or seller wishes.
Fisher Effect: The effect of interest rates on international money movement such that money moves into currencies paying higher interest rates.
Fixed Exchange Rate: Foreign exchange policy where a central bank maintains an official rate for their currency, often intervening to keep the rate fixed within a limited range.
Flat: Term describing a trading book with no market exposure.
Flexible Exchange Rate: An exchange rate that is fixed, but is re-evaluated frequently.
Floating Exchange Rate: An exchange rate whose value is determined by market forces.
Foreign Exchange: Buying or selling one currency against another currency.
Foreign Exchange Centres: The largest Forex centre in the world is London. Other financial centres, which follow the sun across the sky, are New York, Tokyo, Hong Kong, Singapore, and Zurich. Trading passes from one centre to the next, the traders in one bank’s dealing desk handing off the trading book to their colleagues in another centre.
金融衍生品交易中心: 世界上最大的金融衍生品中心是伦敦。 其他金融中心,跟随太阳在天空中,纽约,东京,香港,新加坡,和苏黎世。 交易通过从一个到另一个中心,一家银行的交易员的交易桌上给他们的同事在另一个交易账户的中心。
Forex: Acronym for foreign exchange.
Forex Charing Software: An analytical, computer-based tool used to help currency traders with Forex trading analysis by charting the price of various currency pairs along with various indicators. Forex charting software packages are used by many traders to determine the direction on any given currency pair. Most Forex brokers allow traders to open a demo account prior to funding a full account or mini account. This allows users to try out each broker’s charting software during a trial period.
金融衍生品炭化软件:分析,基于计算机的工具用于帮助金融衍生品交易员与金融衍生品交易分析,绘制各种货币对的价格以及各种指标。 金融衍生品绘图软件包被许多交易员用来确定在任何给定的货币对的方向。 大多数金融衍生品经纪商允许交易员之前开一个演示帐户资金账户或迷你账户。 这允许用户尝试在试用期每个代理的制图软件。
Forex Club: Groups formed in the major financial centres to encourage educational and social contacts between foreign exchange dealers, under the umbrella of Association Cambiste International.
Forex Demo Account: Free Forex Practice Account, trading software and charts. Forex demo accounts allow you to practice Forex trading without risking a monetary loss. Once you’ve sharpened your skills, you can begin to make big bucks by moving on to Forex live accounts.
金融衍生品演示帐户:实践自由金融衍生品账户,交易软件和图表。 金融衍生品演示账户允许你练习金融衍生品交易也不用担心金钱损失。 一旦你磨你的技能,你可以赚大钱的继续金融衍生品账户生活。
Forward: A transaction that settles at a future date.
Forward Contracts: A transaction that settles at a future date. The buyer and seller are bound by the contract to settle on the specified date.
Forward Point: Differential added to or subtracted from the spot rate to calculate the forward rate. The differential is based on anticipating future conditions and fluctuates accordingly.
Forward Rates: An exchange rate that differs from the spot exchange rate by forward points. The forward points are either added to or subtracted from the spot rate depending on anticipation of future conditions.
Free Reserves: The margin by which excess reserves exceed borrowings.
Fundamental Analysis: The study of economic factors (GDP, Trade Balance, Employment, and so on) that can influence prices in financial markets.
Fundamental Trader: An investor who uses fundamental analysis.
Funding Currencies: Low interest rate currencies.
Futures: An obligation to exchange a good or instrument at a set price on a future date. The primary difference between a Future and a Forward is that Futures are typically traded over an exchange while forwards are traded over the counter (OTC).
FX: An acronym for Forex, Foreign Exchange.
FX Manager: Investment managers can use FX Manager as a resource when trading their clients’ funds in the FX market.
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Gearing: A term related to margin trading where you are controlling a position whose face value is greater than the money you deposit.
Globex: An after hours electronic futures and options trading platform developed by Reuters.
Going Long: The purchase of a currency pair.
Going Short: Selling a currency pair by first borrowing it, then returning it at a later time by buying it back (hopefully once prices are lower).
Gold Standard: A commitment made by certain countries to fix the prices of their domestic currencies in terms of a specified amount of gold. Also known as the Bretton Woods System, the Gold Standard was enacted in 1946 and created a system of fixed exchange rates that allowed governments to sell their gold to the United States treasury at a fixed price. On August 15, 1971 President Richard Nixon ended the Bretton Woods system.
黄金标准: 由某些国家的承诺来解决本国货币的价格指定数量的黄金。 也被称为布雷顿森林体系,黄金标准颁布于1946年,创建了一个固定的汇率制度,允许他们把黄金卖给美国政府公债以一个固定价格。 1971年8月15日,尼克松总统结束了布雷顿森林体系。
Golden Cross: In technical analysis, when two moving averages intersect, usually a short one like a 20 day and a long one such as 40 day. This is considered a favourable sign that the underlying currency will move in the same direction.
Goldilocks Economy: Term that describes an economy that has steady growth and acceptable inflation. In this sense, the economy is not too hot and not too cold.
Good Until Cancelled: An order that does not expire at the end of the trading day, as is usual practice. Unlike what its name suggests, it does expire at the end of the trading month though, as opposed to being open forever.
Good-Till-Cancelled Order: A type of limit order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day. A GTC option order is an order which if not executed will be automatically cancelled at the option’s expiration.
Grid Trading: A series of positions and open orders that are built with a predetermined spread defined by the trader.
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Hard Currency: A currency that investors have confidence in. Examples could be the US Dollar or the Euro.
硬通货: 一种货币,投资者的信心。 例子可以是美元或欧元。
Head and Shoulders: A price trend pattern which has three peaks, the middle one higher than the surrounding two forming what looks to be a head with two shoulders on either side. This pattern is seen as an indicator of a trend reversal.
Hedge: A term used to describe reducing risk associated with adverse market movements by using two counterbalancing investments, thereby minimising any losses caused by price fluctuations. For example, if you sell a house in Holland to relocate to the UK (your new base currency), you are in a long Euro (EUR) position and short Pounds Sterling (GBP). To offset this position you would need to sell the equal amount of EUR to make up for the short GBP position.
对冲: 降低风险的一个术语,用来描述与不利的市场走势通过使用两个平衡的投资,从而减少价格波动造成的任何损失。 例如,如果你卖房子在荷兰迁往英国(你的新的基础货币),你在长欧元(欧元)的位置和短英镑(GBP)。 来抵消这个职位需要卖出相同数量的欧元来弥补短期英镑的位置。
Hedge Fund: A private fund, which usually solicits investments from wealthy individuals. It is unregulated as it’s assumed that the investors are knowledgeable and realise the speculative nature of the fund. It usually invests in high risk, short-term instruments in order to achieve above-average returns.
对冲基金:一个私人基金,通常恳求来自富人的投资。 它是不受监管的,因为它假定投资者是知识渊博的,意识到该基金的投机性质。 它通常投资于高风险,短期工具为了实现高于平均水平的回报。
Hit the Bid: Selling at the bid price.
Holder: Buyer and subsequently owner of a currency pair.
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IFEMA: International Foreign Exchange Master Agreement
Indicative Quote: A market maker’s price. It is not dealable, but is for information purposes only.
Inflation: A rise in prices or a drop in the purchasing power of money.
Initial Margin: The first deposit by a customer, which determines a corresponding maximum trade size.
Initial Margin Requirement: When entering a position, the minimum amount that must be paid in cash.
Interbank Market: A market in which financial institutions can trade. The term refers to short-term money or foreign exchange markets that are only accessible to banks or financial institutions. There is no physical market place; the transactions take place over communication networks such as Bloomberg or Reuters.
银行间市场:在这一市场的金融机构可以交易。 这个词指的是短期货币或金融衍生品市场只访问银行或金融机构。 没有物理市场;交易发生在通信网络如彭博或路透社。
Interday Trading: Positions that are opened and closed within the same trading day.
Interest Rate: The rate charged or paid for the use of money. An interest rate is expressed as an annual percentage of the principal. Interest rates often change as a result of inflation and Central Bank policies.
利率: 利率收取或支付资金的使用。 利率表示为年度百分比的本金。 利率经常变化由于通货膨胀,中央银行的政策。
Intraday Position: Positions that are opened and closed on the same day.
Introducing Broker: A person or firm that introduces customers to a market maker often in return for commission or a portion of the spread.
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Japanese Housewives: A term coined by the financial press to refer to the Japanese households that speculated on the carry trade and became a major seller of Yen, thereby driving the currency against the levels forecast by financial institutions.
Japanese Yen: The Yen is t.he Japanese currency unit. It is the third most-traded currency in the foreign exchange market after United States dollar and the Euro.
日元:日元是t。 他的日本货币单位。 它是第三大交易货币在金融衍生品市场美国美元和欧元。
Jobber: A trader who trades for small, short-term profits during the course of a trading session, rarely carrying a position overnight.
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Key Currency: For smaller countries, the act of orienting their currency to that of a major trading partner.
Kill or Fill: An order that does not permit partial filling. If it cannot be completely filled, then the order is to be cancelled (i.e. “killed”).
Kiwi: Traders term for the New Zealand Dollar.
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Leading Indicators: Economic indicators used to predict future economic activity, such as the levels of the S&P 500 index.
Left Hand Side: Refers to the bid quote, which is the price at which customers who are long a currency pair sell it.
Leverage: The ratio of margin to the maximum position size. With a deposit of $5000 and a leverage of 50, a trader could enter a position with a face value of $250,000. Leveraging allows you to profit quickly, but lose money just as fast.
利用: 保证金的比例最大位置大小。 5000美元的存款和杠杆50,交易员可以进入位置,面值为250000美元。 利用允许您快速盈利,但亏钱也一样快。
Liability: The obligation to deliver currency as part of a spot transaction. In speculative Forex trading, currency is not delivered. All profits and losses are subtracted from margin deposits.
责任:义务提供金融衍生品现货交易的一部分。 在投机性金融衍生品交易、货币不是交付。 所有利润和损失可从保证金里扣除。
Limit Order: An order to transact at a specified price or better.
Limit Price: The specified price as part of a limit order.
Line Chart: The simplest form of charting, a line chart plots a series of lines connecting the various price levels over a specified time period.
Liquid: Term used to describe a market where there are lots of buyers and sellers generating a great deal of volume.
Long: When a currency pair is long, the first currency is bought while the second currency is sold short. To go long on a currency means that you buy it. A long position is expressed in terms of the base currency.
长: 当一对货币很长,第一个货币购买而第二个货币是卖空。 去长货币意味着你买它。 很长一段表达的基础货币的地位。
Long Position: When a currency pair is long, the first currency is bought while the second currency is sold short. To go long on a currency means that you buy it. A long position is expressed in terms of the base currency.
长位置: 当一对货币很长,第一个货币购买而第二个货币是卖空。 去长货币意味着你买它。 很长一段表达的基础货币的地位。
Loonie: Dealer slang for the USA/CAD currency pair.
Lots: Standardised method of trading in Forex, which requires a trade of 100,000 units of a particular currency.
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Maintenance: A set minimum margin that a customer must maintain in his margin account.
Maintenance Margin: The minimum margin that must be available in an account to support all open trades.
Managed Float: Exchange rate policy where central banks regularly intervene to stabilise and/or steer the direction of their currency.
Margin: The minimum deposit required to maintain an open position. For example, with an open position of $250,000 and a leverage of 50, the required margin would be $5000.
保证金: 最低存款要求保持一个开放的位置。 例如,使用一个开放的位置和杠杆的50 250000美元,所需的保证金是5000美元。
Margin Account: An account that allows leverage buying and short selling on credit.
Margin Call: A notification that more funds must be deposited into an account because the value of the account has fallen below the minimum margin needed to cover the size of existing positions.
Market Close: In the 24-hour Forex market, the market never closes. For administrative purposes, many banks institute 5pm EST as the market close in order to differentiate between value dates, as well as mark delivery dates.
Market Order: An order for immediate execution at the best available price.
Market Rate: The most current quote for a currency pair.
Maturity: The date on which payment of a financial obligation is due.
Maximum Leverage: The biggest position that a margin deposit would cover. At a leverage of 50, one could enter a maximum leveraged position of $100,000 by depositing $2,000 worth of margin.
MetaTrader 4: The MetaTrader 4 online trading platform is designed for financial institutions dealing with Forex, CFD, and Futures markets. It is has a user-friendly front-end trading interface. It provides technical analysis, charting and Expert Advisors to help you develop your own trading strategies. The different functions and options of this system allow great flexibility in trading. Constant monitoring of the market not required due to Expert Advisors, MetaQuotes Language II release from routine and allows programming automated trading strategies. Free of charge demo accounts. MetaTrader 4 supports different languages (including English, German, Russian, French). It works with Windows 98/XP/Vista.
MetaTrader 4:的MetaTrader 4在线交易平台是专为金融机构处理金融衍生品,CFD和期货市场。 它是一个用户友好的前端交易界面。 它提供了技术分析,图表和专家顾问帮助您开发自己的交易策略。 这个系统的不同的功能和选项允许交易有很大的灵活性。 持续监测的市场不需要专家顾问,MetaQuotes语言二世从常规释放,允许编程自动交易策略。 免费的演示账户。 MetaTrader 4支持不同的语言(包括英语、德语、俄语、法语)。 它与Windows 98 / XP或Vista。
Moving Average: Method of smoothing out data on price charts so that trends are easier to spot. Average refers to a mathematical average or a statistical mean that is plotted over the original curve.
移动平均: 的方法消除价格图表的数据,这样的趋势更容易点。 一般是指一个数学或统计平均值,绘制在原来的曲线。
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NAV: Net Asset Value. The total value of an asset less liabilities. In the case of a trading account, the NAV is the balance of deposits, realised and unrealised profit/loss, and interest, minus withdrawals.
导航:资产净值。 资产的总额减少负债。 在一个交易账户的情况下,导航是存款的平衡,实现和未实现的利润/损失,和兴趣,减去取款。
Negative Carry Pairs: A carry trade where you are long the lower interest currency and short the higher interest currency. This type of trade might be part of a hedging strategy.
Net Interest Rate Differential: The difference in the interest rates associated with two currencies.
Net Position: Currency positions that have not been offset with opposite positions.
News Trader: An investor who bases his/her decisions on the outcome of a news announcement and its impact on the market.
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Odd Lot: A non-standard transaction size. In Forex, a standard lot is usually 100,000 units of a particular currency.
Offer: Also known as the Ask Price, it is the price at which a seller is willing to sell.
Open Order: Buy or sell order that does not expire until cancelled. In theory the order does not expire. However, it usually does so at the end of the trading month rather than lasting forever.
开放的顺序:购买或出售以便取消才到期。 理论上订单还没有到期。 然而,它通常是在交易结束月而不是持久的,直到永远。
Open Position: A position whether long or short that is subject to market fluctuations and thus profits or losses.
Overbought: A currency pair is overbought when its price rises much more quickly than usual in response to net buying. Once overbought, the pair is then expected to make a contrarian move, meaning its price is expected to fall.
Overnight: Trades that extend past the current trade day into the next.
Overnight Limit: The maximum amount of a net long or short position that a dealer can carry over into the next dealing day.
Oversold: A currency pair is oversold when its price falls much more quickly than usual, declining too far in response to net selling. Once oversold, the pair is then expected to make a contrarian move, meaning its price is expected to rise.
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Par: The official value of a currency.
Pegged: A system where a currency’s value is tied with that of another currency. For example, the Chinese Yuan with the US Dollar. Most pegs are allowed to deviate within a small band.
挂钩:一个系统,一种货币的价值与另一种货币。 例如,人民币与美元。 大多数挂钩可以偏离在一个小乐队。
Pip: The smallest upward or downward price movements quoted in Forex. In EUR/USD, a movement of 0.0001 is one pip (for example, from 140.005 to 140.004 Euro). In USD/JPY, a movement of 0.01 is one pip (for example, from 116.32 to 116.31 Yen).
皮普: 最小的向上或向下在金融衍生品价格变动引用。 在欧元/美元,0.0001是一个脉冲的运动(例如,从140.005到140.004欧元)。 美元/日圆,0.01是一个脉冲的运动(例如,从116.32到116.31日元)。
Political Risk: Changes in government policy or to a wider extent, government instability that might have negative effects on the currency.
Price: The cost of purchasing a second currency in terms of a first currency.
Principals: Refers to the major currencies that are traded.
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Quote: When both a bid and ask price are provided for a currency pair.
Quote Currency: The second currency of two in a currency pair. For the EUR/USD, USD is the quote currency. The exchange rate quoted is how many units of the second currency you will receive for one unit of the base currency.
报价货币:第二个一分之二货币的货币对。 欧元/美元的货币是美元报价。 金融衍生品牌价是多少单位的第二个货币你将收到一个单位的基础货币。
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Range: The difference between the highest and lowest price of a currency pair during a given trading period.
Rate: Price at which a currency can be purchased or sold against another currency.
Realized P/L: The profit and loss that is generated by closing a position.
意识到P / L:所产生的损益是关闭的位置。
Reciprocal Currency: A currency pair involving the US Dollar in which the US Dollar is not the first currency quoted. An example is the Euro, which is the base currency when paired with the US Dollar. EUR/USD is the way of quoting these two currencies.
互惠货币:涉及的美元货币对美元货币引用并不是第一个。 一个例子是欧元,这是基础货币与美元时。 欧元/美元是引用这两个货币的方式。
Regulated Market: A market in which a government agency monitors and regulates industry activity to protect investors. An example is Forex trading in the United States.
受管制的市场: 政府机构在这一市场的监控和调节行业活动,以保护投资者。 一个例子是金融衍生品交易在美国。
Resistance: Price level at which technical analysts note persistent selling of a currency.
Retail FX Market: Comprises a wide range of non-institutional traders, from large organizations to individual investors. In less than 10 years, a relatively small number of online currency brokers and market makers have had a massive effect on this market by efficiently exploiting technology, driving a five-fold decrease in the cost of trading.
Revaluation: Daily calculation of potential profits or losses on open positions based on the difference between the settlement price of the previous trading day and the current trading day.
Right Hand Side: Refers to the ask or offer price. This is the price at which traders buy.
Risk (Foreign Exchange Risk): The risk that the exchange rate on a foreign currency will move against the position held by an investor such that the value of the investment is reduced.
Risk Capital: The amount of money one could risk without impinging on one’s accustomed lifestyle.
Rollover Credit: Amount credited to a trader’s account when the long currency of a currency pair has a higher yielding interest rate than the shorted currency.
Rollover Debit: Amount debited from a trader’s account because of an overnight rollover, when the long currency of a currency pair has a lower yielding interest rate than the shorted currency.
Rollover Rate: Generally, the daily rollover interest rate is the amount a trader either pays or earns, depending on the currency pairs in question.
Round Lot: In most cases, 100,000 units of a currency.
Round Trip: The buying and selling of a currency pair and having the profit or loss applied to one’s account currency.
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Selling Short: Selling a currency pair that involves being short the base currency and long the quote currency, with the intent of buying the currency pair at a later time when prices are lower in order to make a profit.
Settlement: The physical delivery of currencies made when a contract matures. In Forex, it is usually two days after the trade. In practice, traders don’t take delivery, but profits and losses are applied directly to their account balance.
结算:货币的实物交割时合同到期。 在金融衍生品,它通常是两天后。 在实践中,交易员不提货,但利润和损失是直接用于他们的帐户余额。
Settlement Date: In Forex, the date when physical delivery must take place. For most currency pairs it is two days after the trade date. However, the USD/CAD currency pair settles one day after its trade date.
结算日期: 在金融衍生品,必须进行实物交割的日期。 对大多数货币对交易日期后两天。 然而,美元/加元汇率对贸易日期之后的一天。
Short Covering: Buying the exact same units of a currency pair to offset an earlier short sale of the same currency pair.
Short Position: In foreign exchange, when a currency pair is sold, the position is said to be short. It is understood that the primary currency in the pair is ‘short’, and the secondary currency is ‘long’.
短的位置: 金融衍生品,当一对货币出售,据说是短的位置。 据悉,主要货币对是“短”,和次要货币是“长”。
Sidelined: When there is above ordinary interest in a currency pair, other major currency pairs that are thinly traded as a result of this are considered sidelined.
Spot: Buying and selling Forex with the current date’s price for valuation, but where settlement usually takes place in two days. Trades on FXTrade are settled immediately.
Spot Market: Market where people buy and sell actual financial instruments (currencies) for two-day delivery.
Spot Price: The current market price of a currency traded in the spot market.
Spread: The value difference between the bid and ask price of a currency pair.
Stable Market: A market that can accommodate huge volumes of buying and selling without large moves. For example, the trading of the EUR/USD pair.
Sterilisation: The process by which central banks offset intervention in the Forex market by activities in the domestic money market.
Sterling: Another name for the British Pound (GBP).
Stop Order: An order to buy or to sell a currency when the currency’s price reaches or passes a specified level.
Stop-buy: A buy order for a currency price that is above the current market, or current price. It becomes a market order when the specified price is reached. Stop-buys are used by traders to establish positions in markets that they perceive to be rising in value.
Stop-buy: 购买订单的货币价格高于当前市场,或当前价格。 它变成了一个达到指定的价格时市场秩序。 使用Stop-buys交易商在市场建立头寸,他们认为价值上升。
Swissy: Trader’s nickname for the Swiss Franc.
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Take Profit Order: A customer’s instructions to buy or sell a currency pair which, when executed, will result in the reduction in the size of the existing position and show a profit on said position.
Take Profits: A limit order that is placed above the market with a long position or below the market with a short position. When the market reaches the limit price, the position is closed thereby locking in a profit
Technical Analysis: An effort to forecast prices by analysing market data, i.e. historical price trends and averages, volumes, open interest, etc.
Technical Correlation: A price adjustment based on technical factors like resistance and support levels, as well as overbought and oversold levels, instead of market sentiment.
Technical Indicators: Short-term trends that technical analysts use to predict future price movements of securities and/or commodities. Also called technicals, technicalities.
Tick: The smallest possible change in a price, either up or down. Also known as a pip.
Ticker: Streaming display of the current or recent historical price of a currency pair.
Tradeable Amount: The smallest transaction size allowed. For many brokers the tradeable amount is the round lot, which is usually 100,000 units of a particular currency. With FXTrade, it is 1 unit.
交易金额:最小的大小事务。 对于许多经纪人可交易数量是整批,通常100000单位的一个特定的货币。 FXTrade,它是1单位。
Trading Model: A sophisticated program that provides you with expert buy/sell recommendations for trading currencies on the foreign exchange markets. A Trading Model, based on its evaluation of historical analyses, forecasts, and your trading profile, makes recommendations about currency positions by anticipating fluctuations in the foreign exchange markets and capitalising on these movements.
Trading Platforms: A software application used for trading Forex, usually over the Internet.
Transaction: Buying or selling a currency pair.
Transaction Cost: The cost involved in buying or selling a currency pair. Some consider the transaction cost to be the actual value of the contract, while others feel it is the price of facilitating the trade, such as commissions and spreads.
交易成本: 参与成本买进或卖出一种货币对。 一些人认为交易成本合同的实际价值,而另一些人觉得这是促进贸易的价格,比如佣金和差价。
Trend: The current direction of the market, whether up or down or sideways (which is sometimes referred to as non-trending or trading market).
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Unconvertible Currency: A currency that cannot be exchanged for another because of foreign exchange regulations.
Unit: A widely used quantity of currency. In FXTrade, one unit of USD is equal to one United States dollar, while one unit of EUR is one Euro. For JPY, one unit is equivalent to one Yen. One unit is the smallest trade size in FXTrade.
单位:一种广泛使用的货币数量。 在FXTrade,一个单位等于1美元美国美元,而欧元的一个单位是一欧元。 日元,相当于一个单位,一个日元。 一个单元是最小的在FXTrade贸易规模。
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Virtual Balance: Your current potential account balance that can be realized by closing all your open trades. For example, if your actual account balance is $525 and you have an open trade for $50 with a $25 profit, your virtual account balance will show $600.
Volatility: Measure of how much the price of a currency changes over time.
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Working Day: When the banks in the country of origin for a particular currency are open for business. For currency pairs, this is compounded by the fact that both banks must be open.
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Yard: Traders’ term for a billion as in a billion dollars.
十亿: 十亿的另 一种说法。
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