Glossary Of Terms

On this page, you will find short descriptions and meaning on some of the most commonly used terms when trading in Forex. We hope this will help give you a better understanding and you can always refer back to this glossary for terminology that you don't understand.

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

E

Economic Indicator - The statistic issued by the government which outlines the current economy strength and stability. Some of the common indicators includes inflation rates, oil prices, unemployment rate and so on.

Euro - This is one of the major currency of the world and is used throughout the European Countries.

ECB (European Central Bank) - The Central Bank of the Euopean Continent.

EOD (End Of Day Order) - An instruction to buy or sell at a pre-defined rate. The order will remain open until it reaches the end of the trading day.

Execution - The act of completing an order or closing a deal.