Saturday, November 14, 2009

Forex Glossary



Ask (Offer) — price of the offer, the price you buy for.
Aussie — a Forex slang name for the Australian dollar.
Bank Rate — the percentage rate at which central bank of a country lends money to the country's commercial banks.
Bid — price of the demand, the price you sell for.Broker — the market participating body which serves as the middleman between retail traders and larger commercial institutions.


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