1. FOREX GLOSSARY:
BUY: Taking a long position on a product.
LONGS: Traders who have bought a product.
LONG POSITION: A position that appreciates in value if market price increases. When the base currency in the pair is bought, the position is said to be long.
GOING LONG: The purchase (with the expectation of the price increasing) of a stock, commodity or currency for investment or speculation.
SELL: Taking a short position in expectation that the market is going to go down.
SHORTS: Traders who have sold, or shorted, a product, or those who are bearish on the market.
SHORT POSITION: An investment position that benefits from a decline in market price. When the base currency in the pair is sold, the position is said to be short.
A HALF COMMISSION MAN is a person who introduces clients to brokers in exchange for an agreed upon percentage of any commissions earned as a result of the new client.
BEARISH MARKET: is a market with falling prices, more sellers than buyers.
BULLISH MARKET: is a market with rising prices, more buyers than sellers.
2. ECONOMY GLOSSARY:
MIDDLE-INCOME COUNTRIES: are nations with a per-capita gross national income in 2012 between $1,036 and $12,615.
RESERVE ASSETS: is currency, commodities or other financial capital held by monetary authorities, such as central banks, to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank. Reserve assets should be liquid and under the monetary authority's control.
FANNIE MAE-FEDERAL NATIONAL MORTGAGE ASSOCIATION-FNMA: is a government-sponsored enterprise (GSE) that was created in 1938 to expand the flow of mortgage money by creating a secondary mortgage market. Fannie Mae is a publicly traded company which operates under a congressional charter that directs Fannie Mae to channel its efforts into increasing the availability and affordability of homeownership for low-, moderate- and middle-income Americans.
MARGINAL ANALYSIS: is an examination of the additional benefits of an activity compared to the additional costs of that activity.
FEDERAL OPEN MARKET COMMITTEE MEETING-FOMC MEETING: is the meeting of the Federal Open Market Committee (FOMC) that occurs eight times a year. In the FOMC meeting, the FOMC, consisting of 12 members, determines near-term monetary policy. The changes that are decided on, are announced immediately after the FOMC Meeting.
ADP NONFARM EMPLOYMENT CHANGE: Measures the change in number of employed people during the previous month, excluding the farming industry. ADP, a leading provider of employment solutions for businesses, releases this indicator two days before the official Bureau of Labor Statistics (BLS) employment report. While the indicator has only been in existence since early 2007, it's shown some predictive value in regard to the BLS report.
FOMC MEETING MINUTES: The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so traders carefully comb them for clues regarding future interest rate shifts.
GDP PRICE INDEX: The Gross Domestic Product (GDP) Price Index measures the change in the price of all goods and services included in GDP. It is the broadest measure of inflation and is the primary indicator the Bank of Japan uses to gauge inflation higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
BUY: Taking a long position on a product.
LONGS: Traders who have bought a product.
LONG POSITION: A position that appreciates in value if market price increases. When the base currency in the pair is bought, the position is said to be long.
GOING LONG: The purchase (with the expectation of the price increasing) of a stock, commodity or currency for investment or speculation.
SELL: Taking a short position in expectation that the market is going to go down.
SHORTS: Traders who have sold, or shorted, a product, or those who are bearish on the market.
SHORT POSITION: An investment position that benefits from a decline in market price. When the base currency in the pair is sold, the position is said to be short.
A HALF COMMISSION MAN is a person who introduces clients to brokers in exchange for an agreed upon percentage of any commissions earned as a result of the new client.
BEARISH MARKET: is a market with falling prices, more sellers than buyers.
BULLISH MARKET: is a market with rising prices, more buyers than sellers.
2. ECONOMY GLOSSARY:
MIDDLE-INCOME COUNTRIES: are nations with a per-capita gross national income in 2012 between $1,036 and $12,615.
RESERVE ASSETS: is currency, commodities or other financial capital held by monetary authorities, such as central banks, to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank. Reserve assets should be liquid and under the monetary authority's control.
FANNIE MAE-FEDERAL NATIONAL MORTGAGE ASSOCIATION-FNMA: is a government-sponsored enterprise (GSE) that was created in 1938 to expand the flow of mortgage money by creating a secondary mortgage market. Fannie Mae is a publicly traded company which operates under a congressional charter that directs Fannie Mae to channel its efforts into increasing the availability and affordability of homeownership for low-, moderate- and middle-income Americans.
MARGINAL ANALYSIS: is an examination of the additional benefits of an activity compared to the additional costs of that activity.
FEDERAL OPEN MARKET COMMITTEE MEETING-FOMC MEETING: is the meeting of the Federal Open Market Committee (FOMC) that occurs eight times a year. In the FOMC meeting, the FOMC, consisting of 12 members, determines near-term monetary policy. The changes that are decided on, are announced immediately after the FOMC Meeting.
ADP NONFARM EMPLOYMENT CHANGE: Measures the change in number of employed people during the previous month, excluding the farming industry. ADP, a leading provider of employment solutions for businesses, releases this indicator two days before the official Bureau of Labor Statistics (BLS) employment report. While the indicator has only been in existence since early 2007, it's shown some predictive value in regard to the BLS report.
FOMC MEETING MINUTES: The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so traders carefully comb them for clues regarding future interest rate shifts.
GDP PRICE INDEX: The Gross Domestic Product (GDP) Price Index measures the change in the price of all goods and services included in GDP. It is the broadest measure of inflation and is the primary indicator the Bank of Japan uses to gauge inflation higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY.
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