Forex Account — The type of account a forex trader opens with a retail forex broker. Forex accounts come in many forms, but the first that is opened is often the forex demo account. After the trader has tried out demo accounts with a few different dealers, a… … Investment dictionary
Forex Mini Account — A type of brokerage account that is used by beginner traders looking to enter the foreign exchange market. A forex mini account allows the investor to take a smaller position in a currency than if they were to trade the standard lots used by… … Investment dictionary
Forex Charts — A charting package that allows a trader to view historical currency exchange rates. Currency charts are provided within forex charting software, which usually comes free of charge when a trading account is opened with a forex broker. As with… … Investment dictionary
Forex Forecasting Software — An analytical tool used to help currency traders with forex trading analysis through charts and indicators. Forex forecasting software provides charts of currency pairs that display price changes over time as well as indicator overlays including… … Investment dictionary
Forex Charting Software — An analytical, computer based tool used to help currency traders with forex trading analysis by charting the price of various currency pairs along with various indicators. Forex charting software packages are used by many traders to determine the … Investment dictionary
Mini-Lot — A currency trading lot size that is 1/10 the size of the standard lot of 100,000 units. One pip of a currency pair based in U.S. dollars is equal to $1 when trading a mini lot, compared to $10 for a standard lot trade. Mini lots are available to… … Investment dictionary
Micro Account — A forex trade made up of contracts for 1,000 units of currency. Micro accounts are one of three common types of accounts in forex market trading that investors use when trading currencies; the other two are mini accounts and standard accounts.… … Investment dictionary
Currency Trading Software — Trading software to help the currency trader with forex trading analysis and the execution of trades. Currency trading software provides charts and order taking methods, which are usually free of charge when a trading account is opened with a… … Investment dictionary
Currency Trading Platform — A type of trading software used to help currency traders with forex trading analysis and trade execution. Currency trading platforms provide charts and order taking methods. As with trading platforms used for trading other securities like stocks… … Investment dictionary
Currency pair — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia
