Forex Glossary

At Or Better

'At or better' is an order to deal at a specific rate or better.

Balance Of Trade

The balance of trade is the value of a country's exports minus its imports.

Ballooning

Ballooning is the practice by market makers of increasing pip spreads during fast or illiquid markets.

Forex Bear Market

A Forex bear market is a Forex market distinguished by declining prices.

Centralized Market

A centralized market is any market where all orders are routed to one central exchange. The Forex market is not a centralized market.

Cash Market

The cash market is the market in the actual financial instrument on which a futures or options contract is based.

Cable

The cable is Forex trader jargon referring to the Sterling/USD exchange rate. The cable is so called because the rate was originally transmitted via a transatlantic cable beginning in the mid-1800's.

Bundesbank

The Bundesbank is Germany's central bank.

Forex Bull Market

A Forex bull market is a Forex market distinguished by rising prices.

Forex Book

In a professional trading environment, a book is the summary of a trader's or desk's total positions.