Thursday, December 23, 2010

Forex Glossary - G

G7 

The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.


Gap

Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down with little or no trading in between. As a result, the asset's chart shows a "gap" in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit. Here we'll help you understand how and why gaps occur, and how you can use them to make profitable trades.



Going Long

The purchase of a stock, commodity, or currency for investment or speculation.


Going Short

The selling of a currency or instrument not owned by the forex seller.


Gross Domestic Product

Total value of a country's output, income or expenditure produced within the country's physical borders.


Gross National Product

Gross domestic product plus income earned from investment or work abroad.


Good 'Til Cancelled Order (GTC)

An order to buy or sell at a specified price. This order remains open until filled or until the forex client cancels.

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