Forex Glossary


Traders, especially beginners, may not know or understand some Forex terms, so we provide our users with a list of specialized terms with their definitions.

TermDescription
Absolute advantage

is an advantage in production of certain goods or services some country has over the others due to peculiarities of climate, education, labour resources and other factors. If a country has an absolute advantage in certain industries, it can produce corresponding goods and services at a lower cost per unit, than competitors.

Account

a special personal account opened with the company by a client. This account is used to offset the obligations of the client and dealer, resulting from the deals concluded under the present agreement

Account history

a full list of completed transactions and non-trading operations of a certain trading account

Accounting currency

currency unit in which deposit/withdrawal operations are performed

Adviser

a trading account management algorithm in a form of a program engineered in MetaQuotes Language 4, that sends requests and orders to the server via the client terminal (platform)

AMIEU

stands for Australian Meat Industry Employees' Union. The union represents the interests of workers in the meat industry.

Angela Merkel

is a German politician, a leader of the Christian Democratic Union of Germany since April 10, 2000. Angela Merkel has been the Chancellor of the Federal Republic of Germany since November 22, 2005, when her party won the 2005 federal election. Merkel is the first woman to have become Chancellor of Germany.

Annual inflation

is the increasing of the overall prices for goods and services during the period of one calendar year.

APEC (Asia-Pacific Economic Cooperation)

is a forum of 21 Asia-Pacific countries that seeks to promote free trade, investment liberalisation and facilitation across the region, as well as to foster economic growth and strengthen the Asia-Pacific community.

Ask

is the offer price; the price at which a seller is willing to sell the base currency.