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TOP 20 Terms in Forex Trading - Forex Trading
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TOP 20 Terms in Forex Trading

Decoding the most common terms used in forex will speed up your understanding of the world of currencies

Currency Nick Names:

Single Currency – EUR (Euro)

Loonie – CAD (Canadian dollar)

Swissie – CHF (Swiss franc)

Aussie – AUD (Australian dollar)

Kiwi – NZD (New Zealand dollar)

Greenback, Buck – USD (U.S. dollar)

Sterling, Pound sterling – GBP (British pound)

Currency Pairs:

Cable – GBP/USD (British pound / U.S. dollar)

Ninja – USD/JPY (U.S. dollar / Japanese yen)

Fiber – EUR/USD (Euro / U.S. dollar)

Chunnel – EUR/GBP (Euro / British pound)

Yuppy – EUR/JPY (Euro / Japanese yen)

Barnie – USD/RUB (U.S. dollar / Russian

Popular Phrases:

Going Long – Opening a Bullish (buying) trade

 Going Short – Opening a Bearish (selling) trade

 Cutting Short – To close a losing position early

 Plunging – A price that’s sinking or falling from it’s previous value

 Currency rallying – A price that recovers after a period of its decline

 Position Trading – Trading with huge stop-losses for several months to years, without being too concerned with short term movements in asset prices

 

👉Bloomberg News examples👈

USD/CAD – Dovish BOC hurts the loonie – Bank of Canada reports an interest rate cut, therefore Canadian dollar depreciates against U.S. dollar.

 

AUD/USD – Job report ruined the rally – Bad Australian employment report stopped recent AUD/USD uptrend.

 

NZD/USD – Signs of recovery for the rollercoaster kiwi – New Zealand dollar recovers against U.S. dollar after an ex- tended exchange rate fall.

 

 



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