Forex glossary | 2
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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
AК&M

is an information and analytical agency focused on economics. AК&M was created in 1990. It has long been a leading informational portal in the field of economics and finance.

Balance

the total financial result of all fully executed transactions and deposits/withdrawals to/from an account

Balance of payments

shows the balance of a country’s overseas payments and payments incoming from abroad over a certain period of time.

Bank Stress Test

is a compulsory condition for high estimation of the risk management system under the Direction of the Central Bank of Russia dd. January 16, 2004 No 1379 U "On assessment of the financial stability of the bank with the purpose to confirm it as sufficient for participating in the deposit insurance system".

Barrel

is a unit of liquid volume which is used on international oil market. Price for basic oil brands is estimated in dollars per barrel.

Base currency

currency unit in which an account, balances, commission fees and payments are nominated and calculated

Bear

is the market participant who opens sell trades and believes that a currency exchange rate is about to fall.

BHP Billiton

is the world’s largest mining company founded in 2011 with headquarters in Melbourne.

Bid

is the demand price; the price at which a market participant is willing to buy the base currency.

Bloomberg

is an American mass media corporation which provides a range of informational services from world finance platforms.

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