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Intro to Forex
  What is Forex Trading
  How to get started in Currencies
  History of Forex
  A Primer On The Forex Market
  Forex vs Futures
  Forex Introduction
  Forex vs Stocks
  Getting Started in Forex
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Fundamentals of FX
  What is a PIP?
  Country Currency Codes
  Reading Prices
  What Pairs are Traded?
  Forex Glossary
  FX Publications
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FX Market Awareness
  Speculating
  Risk Awareness
  The Spot Market
  The Forces of Forex
  Market Snapshot
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FX Technical Analysis
  Fibonacci Numbers
  Advanced Indicator Manual
  Trading Systems which work
  Demo Before You Dive In
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FX Trading Tools
   Risk Probability Calculator
  Pivot Point Calculator
  Economic Calendar
  Interest Rates Calendar
  Real-Time FX Charts
  Live FX Prices & Quotes
  Forex Movers & Shakers
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FX Trading Strategies
  Keep An Eye On Momentum
  Is Guessing a Strategy?
  Trading On News Releases
  The Memory Of Price
  Trading Trend Or Range?
  Pivot Strategies: A Handy Tool
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FOREX Education

Forex Glossary

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Parity - (1) Foreign exchange dealer's slang for your price is the correct market price. (2) Official rates in terms of SDR or other pegging currency.

Parities - The value of one currency in terms of another.

Pegged - A system where a currency moves in line with another currency, some pegs are strict while others have bands of movement.

Pip - One unit of price change in the bid/ask price of a currency. For most currencies, it denotes the fourth decimal place in an exchange rate and represents 1/100 of one percent (.01%).

Position - The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short ( more currency sold than bought).

Profit Taking - The unwinding of a position to realize profits.



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GFT MF Global FXCM Market Traders Institute

Disclaimer: Trading Futures, Options on Futures, and off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.