Basic Terms and Slang Expressions – Forex For Beginners
This page contains common terms and slang expressions that should know any trader! Ask Rate at which bank (dealer) sells a financial instrument. For example, if the quote is EUR / USD = 1.2234/38 at the rate of 1.2238 (ask) the Bank shall sell euros for U.S. dollars. Bid Rate at which bank (dealer) buys a financial instrument. For example, if the quote is EUR / USD = 1.2234/38 at the rate of 1.2234 (bid) shall purchase the bank euros for U.S. dollars. CFD Transactions in shares of any product without their actual delivery. Change The difference between the current…