Term
1. TOKYO OPEN
2. TOKYO CLOSE
3. LONDON OPEN
4. LONDON CLOSE
5. NEW YORK OPEN
6. NEW YORK CLOSE |
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Definition
1. 1PM
2. 10PM
3. 9PM
4. 6AM
5. 2AM
6. 11AM |
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Term
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Definition
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Term
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Definition
| FIRST LISTED CURRENCY. The base currency is the “basis” for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. |
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Term
| QUOTE CURRENCY OR COUNTER CURRENCY |
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Definition
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Term
| LONG, "GOING LONG", "TAKING A LONG POSITION" |
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Definition
| BUYING THE BASE CURRENCY, ANTICIPATING THE VALUE TO RISE, AND THEN SELLING IT AT A HIGHER PRICE. |
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Term
| "SHORT POSITION", "TAKING A SHORT POSITION" |
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Definition
| SELLING A CURRENCY AND THEN BUYING IT AT A LOWER PRICE. |
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Term
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Definition
| THE PRICE AT WHICH YOU SELL YOUR CURRENCY. |
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Term
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Definition
| THE PRICE AT WHICH YOU WILL BUY. |
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Term
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Definition
| THE DIFFERENCE BETWEEN THE BID AND THE ASK PRICE. |
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Term
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Definition
| A pip is the last decimal place of a quotation. The Pip is how you measure your profit or loss. If the EUR/USD moves from 1.2250 to 1.2251, that is ONE PIP. |
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