Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Trading > The Language of Forex > Flashcards

The Language of Forex Flashcards

1
Q

what does ninja mean?

A

ninja is a nickname for the USD/JPY currency pair

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what does ‘single currency’ mean?

A

EUR (euro)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what does ‘loonie’ mean?

A

CAD (canadian dollar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what does ‘swissie’ mean?

A

CHF (swiss franc)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

what does ‘aussie’ mean?

A

AUD (australian dollar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

what does ‘kiwi’ mean?

A

NZD (new zealand dollar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

what does ‘greenback, buck’ mean?

A

USD (U.S. Dollar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

what does ‘sterling, pound sterling’ mean?

A

GBP (great british pound)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

what does ‘cable’ mean?

A

GBP/USD (british pound/us dollar)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

what does ninja mean?

A

USD/JPY (US dolla/japanese yen)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

what does ‘chunnel’ mean?

A

EUR/GBP (euro/british pound)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

what does yuppy mean?

A

eur/jpy (euro/japanese yen)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

what does guppy mean?

A

gbp/jpy (great british pound/japanese yen)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

what does barnie mean?

A

USD/RUB (us dollar/russian ruble)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

what is QE ?

A

quantitative easing

  • the central bank’s monetary policy to print and inject more money into the economy
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

what is bid & ask?

A

purchase and selling pice related to the base (domestic) currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

hawkish & dovish statements?

A

central bank announcements that usually hint at interest rate increases (hawkish) or cuts/decreases (dovish)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

yard?

A

a billion units of any currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

gap?

A

a market move where price skips several levels without any trades occuring

20
Q

thin market?

A

condition when prices are not as liquid as expected

21
Q

speculator?

A

individual trader taking large risks in hope of making a quick gain

22
Q

day trader?

A

opening few trades a day and closing them that evening

23
Q

scalper?

A

a trader who aims for small but fast short-term gains (usually intra-day)

24
Q

uptick?

A

a new price quote at a price higher than the preceding quote

25
Q

rate hike?

A

an interest rate rise

26
Q

surge

A

a very quick and sudden price movement in an upward direction

27
Q

plunge?

A

a very quick and sudden price movement in a downward direction

28
Q

volatility?

A

how much a price fluctuates over a period of time

29
Q

whipsaw?

A

highly volatile market with sharp price movements, usually trading sideways with no trend

30
Q

safe haven assets?

A

currencies, commodities or bonds that rise during periods of high uncertainty (e.g., gold, japanese yen, swiss franc, bitcoin)

31
Q

commodity currency?

A

a currency that is based on a commodity export economy (e.g., AUD exporting minerals, CAD exporting oil, NZD exporting dairy & meat

32
Q

‘going long’?

A

opening a bullish (buying) trade

33
Q

going short?

A

opening a bearish (selling) trade

34
Q

babysitting a trade?

A

holding a losing trade open for a long time

35
Q

swing trading?

A

moving quickly to take advantage of potential swings in asset prices, by holding or shorting an asset overnight or longer

36
Q

position trading?

A

betting on long-term gains by keeping a position open for several months to years, without being too concerned about short-term price movements

37
Q

scalping?

A

trading with many short-term positions (seconds - minutes) for repeated small profits

38
Q

hedging?

A

maintaining a position that reduces the risk of your primary position

39
Q

currency rallying?

A

a price that recovers after a period of its decline

40
Q

plunging?

A

a price that’s sinking or falling from its previous value

41
Q

keeping the power dry?

A

limiting your trades until trading conditions become clearer

42
Q

getting whacked?

A

losing against a swift, sharp trade

43
Q

melting account?

A

making losses too large to continue trading

44
Q

what does the following statement mean?
“USD/CAD - dovish BOC hurts the loonie”

A

bank of canada reports an interest rate cut, therefore canadian dollar depreciates against US dollar

45
Q

what does the following statement mean?
“AUD/USD - jobs report ruined the rally”

A

bad australian employment report stopped recent AUD/USD uptrend

46
Q

what does the following statement mean?
“NZD/USD - signs of recovery for the roller coaster kiwi”

A

new zealand dollar recovers against US dollar after an extended exchange rate fall

Trading (22 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions