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Definitions (63)
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ask
The price at which a trader will buy a currency. Also known as the offer, it's the price a seller is willing to sell at.
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boc
Bank of Canada, Canadian central bank.
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boe
Bank of England, UK's central bank.
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boj
Bank of Japan, Japanese central bank.
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base currency
The currency used as the base to quote a pair. For instance in the EURUSD pair, the EUR is the base currency, in the USDJPY, the USD is the base.
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bear
Someone who believes the prices/market will decline.
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bear market
A market in which prices decline sharply against a background of widespread pessimism (opposite of Bull Market).
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bid
The price at which a trader will sell a currency.
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bid/ask spread
See spread
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broker
An agent who handles investors' orders to buy and sell currency. In the FX business, no commission is charged as the broker makes money through the spread.
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