Genuine Forex
Forex Trading Systems

Quantum Globe Inc. System

Simple Forex

Bird Watching In Lion Country

Forex Basics

Forex Brokers

Get a Forex Mentor

How To Analyze Forex Data

Basic Forex Terminology

Finding A Good Forex Broker

What Is Forex?

Forex Charts

Good Forex Courses

Forex Currency Trading

Forex For Beginners

Forex Forums

Trading Forex From Home

Risks Associated With Forex

Finding Forex Sites

Forex Software

Forex Trading Features

Forex Trading Tips

Free Forex Courses

Information On Forex

Learn To Trade Forex

The Forex Markets

Trading Forex

Additional Resources

Avoiding Forex Failure

Calculating Profit and Loss

Choosing a Forex Broker

Fibonacci Numbers

Traits of Successful Forex Traders

Download The Complete Guide To FOREX for FREE!
First Name
Email Address

We Recommend The Quantum Globe Inc. System >>

Basic Forex Terminology

What is Basic Forex Terminology? Basic Forex terminology is used by most individuals and companies that trade Forex. Forex stands for foreign exchange markets. Forex is the largest financial market in the world and trades global currencies in real time. In order to excel at Forex, you should be aware of basic Forex terminology. Here are some widely used terms.

One of the most basic Forex terminologies is ask price. Ask price is the price a currency is offered for. When trading Forex, you will usually see both the ask price and sell price for each currency listed next to each other.

Base currency, stands for the currency that all your currencies are converted to once you close the trade. The base currency usually is the US Dollar for people doing business in America.

Going long and going short are also popular basic Forex terminologies. Going long means that you invest in a currency for the long term. Going short means that you sell a currency that is not yet owned by you- the seller. Going short can be a great way to profit in certain situations, but can involve high risk.

Pip is also a popular basic Forex term. Pip stands for the difference between the bid price and the asking price. The range is also an important term because it offers the seller information on the highest and lowest prices of currencies being offered.

So if you are interested in trading Forex, it is important that you read and understand the above basic Forex terminology.

Recent Forex News