Glossary

Appreciation - Describes a currency strengthening in response to market demand rather than by official action.

Ask - The price at which the currency or instrument is offered.

At best - An instruction given to.

At or Better - An order to deal at a specific rate or better.

Appreciation 升值 - 一种货币由于市场需求而不是政府行为出现走强。

Ask 卖出价 - 货币或金融工具提供的卖出价。

At best 最佳 - 给经纪商发出的指令,要求按照能获得的最佳汇率买入或卖出。

At or Better 底价 - 一份要求在指定汇率或更优汇率进行交易的订单。

Appreciation - Describes a currency strengthening in response to market demand rather than by official action.

Ask - The price at which the currency or instrument is offered.

At best - An instruction given to.

At or Better - An order to deal at a specific rate or better.

Base currency - In general terms the base currency is the currency in which an investor or issuer maintains its book or accounts. In FX markets the US Dollar is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of 1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.

Bid/Ask Spread - The distance, usually in pips, between the Bid and the Ask price. A tighter spread is better for the trader!

Basis point - For most currencies, denotes the fourth decimal place in exchange rate and represents 1/100 of one percent (.01%).

Bid - The price at which a buyer has offered to purchase the currency or instrument.

Big Figure - Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore are omitted in dealer quotes, especially in times of high market activity. For example, a USD/Yen rate might be 107.30/107.35, but would be quoted verbally without the first three digits i.e. 0.30/0.35 ”.

Buying Rate - Rate at which the market and a market maker in particular is willing to buy the currency. Sometimes called bid rate.

Base currency 基础货币 - 一般来说,基础货币是投资者或发行者用来记账的货币。在外汇市场中,美元通常是报价的基础货币,就是报价通常表示为一单位的1美元相当于多少所报价货币对中的另一种货币。这条规则的主要例外是英镑,欧元,和澳大利亚元。

Bid/Ask Spread 买卖价格点差 - 买入价和卖出价之间的距离,通常用点来表示。点差越小对交易员越有利!

Basis point 基点 - 对绝大多数货币来说,一个基点表示汇率中小数点后第四位,表示1个百分点的 1/100  (0.01%)。

Bid 买入价 - 买家获得的货币或金融工具的买入价格。

Big Figure 大数 - 经纪商称呼汇率前几位数字的表达方法。在正常市场波动中,这几位数字一般不怎么变动,所以在经纪商报价中一般省略,尤其是在市场交易繁忙时。例如,美元/日元汇率可能是 107.30/107.35,但是口头报价时会省略头三位数字,报价为 0.30/0.35 。

Buying Rate 买入汇率 - 市场或尤指做市商愿意买入货币的汇率价格。有时也称买入价。

Base currency - In general terms the base currency is the currency in which an investor or issuer maintains its book or accounts. In FX markets the US Dollar is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of 1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.

Bid/Ask Spread - The distance, usually in pips, between the Bid and the Ask price. A tighter spread is better for the trader!

Basis point - For most currencies, denotes the fourth decimal place in exchange rate and represents 1/100 of one percent (.01%).

Bid - The price at which a buyer has offered to purchase the currency or instrument.

Big Figure - Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore are omitted in dealer quotes, especially in times of high market activity. For example, a USD/Yen rate might be 107.30/107.35, but would be quoted verbally without the first three digits i.e. 0.30/0.35 ”.

Buying Rate - Rate at which the market and a market maker in particular is willing to buy the currency. Sometimes called bid rate.

Cable - A term used in the foreign exchange market for the US Dollar/British Pound rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800s. This is an example of a reciprocal currency.

Carry - The interest cost of financing securities or other financial instruments held.

Cash Delivery - Same day settlement.

Cash market - The market in the actual financial instrument on which a futures or options contract is based.

Closed position - A transaction which leaves the trade with a zero net commitment to the market with respect to a particular currency.

Conversion - The process by which an asset or liability denominated in one currency is exchanged for an asset or liability denominated in another currency.

Cover - (1)To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.

Cross rates - The exchange rates between any two currencies that are considered non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/JPY quote would be considered a cross rate, whereas in the UK or Japan it would be one of the primary currency pairs traded.

Currency Futures - Futures contracts traded on an exchange, most typically the Chicago Mercantile Exchange (CME). Always quoted in terms of the currency value with respect to the US Dollar. Parameters of the futures contract are standardized by the exchange.

Cable 镑美 - 在外汇市场中用来描述英镑美元之间汇率的术语。这么称是因为从19世纪中叶起这个汇率报价通过跨大西洋海底电缆进行传输。这是互惠货币的一种。

Carry 利差 - 持有证券或其它金融工具融资所产生的利息成本。

Cash Delivery 现金交割 - 当日交割。

Cash market 货币市场 - 实际金融工具如期货或期权合约所依托的市场。

Closed position 已平仓头寸 - 让一种特定货币交易对市场净委托为0的交易。

Conversion 转换 - 把以一种货币表示的资产或负债转换成用另一种货币表示的资产或负债。

Cover 冲销 - (1) 结束一份外汇远期合约。 (2) 通过购买已卖空的货币或证券来关闭一个空头头寸。

Cross rates 交叉汇率 - 两种货币之间的汇率报价不是该报价发生地所在国的标准报价。例如,在美国,GBP/JPY 的报价就是交叉汇率,而在英国或日本该报价就是主流交易货币对报价。

Currency Futures 外汇期货 - 对应一种外汇的期货合约,通常在芝加哥商品交易所 (CME) 进行交易。按照相对于美元的一种货币的价值进行报价。期货合约的要素由交易所进行标准化制定。

Cable - A term used in the foreign exchange market for the US Dollar/British Pound rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800s. This is an example of a reciprocal currency.

Carry - The interest cost of financing securities or other financial instruments held.

Cash Delivery - Same day settlement.

Cash market - The market in the actual financial instrument on which a futures or options contract is based.

Closed position - A transaction which leaves the trade with a zero net commitment to the market with respect to a particular currency.

Conversion - The process by which an asset or liability denominated in one currency is exchanged for an asset or liability denominated in another currency.

Cover - (1)To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.

Cross rates - The exchange rates between any two currencies that are considered non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/JPY quote would be considered a cross rate, whereas in the UK or Japan it would be one of the primary currency pairs traded.

Currency Futures - Futures contracts traded on an exchange, most typically the Chicago Mercantile Exchange (CME). Always quoted in terms of the currency value with respect to the US Dollar. Parameters of the futures contract are standardized by the exchange.

Delivery Date - The date of maturity of the contract, when the exchange of the currencies is made This date is more commonly known as the value date in the FX or Money markets.

Depreciation - A fall in the value of a currency due to market forces rather than due to official action.

Devaluation - Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement.

Delivery Date 交割日期 - 合约到期的日期,即货币进行交易或转换的日期。在外汇或货币市场中,这个日期通常叫做起息日。

Depreciation 贬值 - 一种货币由于市场因素而不是政府行为出现走弱。

Devaluation 贬值 - 故意把一种货币对一系列货币的价值往下调整,通常通过正式通知宣布。

Delivery Date - The date of maturity of the contract, when the exchange of the currencies is made This date is more commonly known as the value date in the FX or Money markets.

Depreciation - A fall in the value of a currency due to market forces rather than due to official action.

Devaluation - Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement.

Economic Indicator - A statistic which indicates current economic growth rates and trends such as retail sales and employment.

European Monetary System - A system designed to stabilize if not eliminate exchange risk between member states of the EMS as part of the economic convergence policy of the EU. It permits currencies to move in a measured fashion (divergence indicator) within agreed bands (the parity grid) with respect to the ECU and consequently with each other.

Exposure - In foreign exchange, a potential for gain or loss because of movement in foreign exchange rate. There are three primary types of exposure: Economic: The change in future earning power and cash flow arising from a change in exchange rates. In effect, it represents a change in the value of a company holding foreign currency. Transnational: A potential gain or loss arising from transactions that will definitely occur in the future, are currently in progress, or could have already been completed. A signed but not shipped sales contract, a receivable or foreign currency payment collected but not converted to local currency would all be examples of transaction exposure. Translation: The potential for change in reported earnings and/or the book value of the consolidated company equity accounts, as the result of a change in foreign exchange rates used to translate the foreign currency statements of subsidiaries and affiliates known as accounting exposure.

Economic Indicator 经济指标 - 表示当前经济增长速率和趋势的统计指标,例如零售额和就业率。

European Monetary System 欧洲货币体系 - 欧盟经济一体化政策的一部分,一种用来在欧洲货币体系成员国之间稳定但不完全消除货币兑换风险的体系。该体系允许货币价格参照 ECU和互相参照在一致同意的区间内 (平价网络)用可测算的方式 (偏离指标) 运行。

Exposure 敞口 - 在外汇交易中,由于外汇汇率波动可能造成盈利或亏损的一种可能性。敞口主要有三类:经济性敞口:汇率中未来购买力和产生的现金流的变动。实际上,这代表一家公司持有的外汇价值的变动。交易性敞口:交易中发生在未来,或正在发生,或已经发生的可能盈亏。一份已签订但未发货的销售合同,一笔应收账款或一笔并未转换成本地货币的外汇汇款都属于交易性敞口。换算敞口:公司权益账户合并报表时,由于外汇汇率变动导致子公司国外货币报表在换算时产生了会计价值的变动的一种可能性,也称为会计敞口。

Economic Indicator - A statistic which indicates current economic growth rates and trends such as retail sales and employment.

European Monetary System - A system designed to stabilize if not eliminate exchange risk between member states of the EMS as part of the economic convergence policy of the EU. It permits currencies to move in a measured fashion (divergence indicator) within agreed bands (the parity grid) with respect to the ECU and consequently with each other.

Exposure - In foreign exchange, a potential for gain or loss because of movement in foreign exchange rate. There are three primary types of exposure: Economic: The change in future earning power and cash flow arising from a change in exchange rates. In effect, it represents a change in the value of a company holding foreign currency. Transnational: A potential gain or loss arising from transactions that will definitely occur in the future, are currently in progress, or could have already been completed. A signed but not shipped sales contract, a receivable or foreign currency payment collected but not converted to local currency would all be examples of transaction exposure. Translation: The potential for change in reported earnings and/or the book value of the consolidated company equity accounts, as the result of a change in foreign exchange rates used to translate the foreign currency statements of subsidiaries and affiliates known as accounting exposure.

Fast market - Rapid movement in a market caused by strong interest by buyers and/or sellers. In such circumstances price levels may be omitted and bid and offer quotations may occur too rapidly to be fully reported.

Fed Fund Rate - The interest rate on Fed funds. This is a closely watched short term interest rate as it signals the Feds view as to the state of the money supply.

Fed - The United States Federal Reserve. Federal Deposit Insurance Corporation Membership is compulsory for Federal Reserve members. The corporation had deep involvement in the Savings and Loans crisis of the late 80s.

Federal Reserve System - The central banking system in the United States.

Fill or Kill - An order which must be entered for trading, normally in a pit three times, if not filled is immediately canceled

Fixed exchange rate - Official rate set by monetary authorities. Often the fixed exchange rate permits fluctuation within a band. Flexible exchange rate Exchange rates with a fixed parity against one or more currencies with frequent revaluations. A form of managed float.

Floating exchange rate - An exchange rate where the value is determined by market forces. Even floating currencies are subject to intervention by the monetary authorities. When such activity is frequent the float is known as a dirty float.

FOMC - Federal Open Market Committee, the committee that sets money supply targets in the US which tend to be implemented through Fed Fund interest rates etc.

Foreign Exchange - The purchase or sale of a currency against sale or purchase of another.

Forex - Term commonly used when referring to the foreign exchange market.

Forward Outright - A commitment to buy or sell a currency for delivery on a specified future date or period. The price is quoted as the Spot rate minus or plus the forward points for the chosen period.

Forward Rate - The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved. Forward rates are quoted in terms of forward points, which represent the difference between the forward and spot rates. In order to obtain the forward rate from the actual exchange rate the forward points are either added or subtracted from the exchange rate. The decision to subtract or add points is determined by the differential between the deposit rates for both currencies concerned in the transaction. The base currency with the higher interest rate is said to be at a discount to the lower interest rate quoted currency in the forward market. Therefor the forward points are subtracted from the spot rate. Similarly, the lower interest rate base currency is said to be at a premium, and the forward points are added to the spot rate to obtain the forward rate.

FX - Foreign Exchange.

Fast market 市场快速波动 - 由于买家或卖家的强烈交易意愿导致市场快速波动。在这种情况下,价格水平可能会被忽略,买卖价格报价可能由于变动过快而无法表示真实价格。

Fed Fund Rate 美联储资金利率 - 美联储的资金的利率。这是一个广泛关注的短期利率因为它代表美联储对货币供应状态的看法。

Fed 美联储 - 美国联邦储备局。美国联邦存款保险公司会员是联邦储备成员的强制要求。该公司深度参与20世纪80年代存贷款危机。

Federal Reserve System 联邦储备体系 - 美国中央银行体系。

Fill or Kill 不成交就取消 - 一种建立交易的订单,通常已经在交易台出现三次,如果没有成交就立刻取消。

Fixed exchange rate 固定汇率 - 货币当局设定的官方汇率。通常固定汇率允许在一个区间之内波动。灵活的汇率针对一种或一系列货币有一个固定的汇率并经常调整。是一种受管制的浮动汇率。

Floating exchange rate 浮动汇率 - 由市场力量决定的汇率。然后浮动汇率依然受到货币当局干预的影响。当频繁发生汇率干预时这种浮动汇率被称为肮脏浮动。

FOMC 联邦公开市场委员会 - 联邦公开市场委员会通过调整美联储资金利率等来设定美国的货币供应目标。

Foreign Exchange 外汇交易 - 用一种货币买入卖出另一种货币。

Forex 外汇 - 外汇交易市场的常用简称。

Forward Outright 远期直接汇率 - 一个在未来指定时间或时期内买入或卖出外汇的承诺。报价由即期价格加上或减去所选择时期的远期点数。

Forward Rate 远期汇率 - 一种外汇交易合约,预约设定外汇汇率,指定未来某个同意的日期进行交割,基于两种货币之间利率差异。远期汇率用远期点数为单位来报价,表示远期汇率和即期汇率之间的差额。为了从实际汇率中获得远期汇率,需要从汇率上加上或减去远期点数。加上或减去远期点数是由交易包括的两种货币的存款利率之间的差额来决定。在远期市场中,融资货币有较高的利率被称为较低利率的报价外汇贴水。所以远期点数要从即期汇率中减去。同样的,融资货币利率较低则称为升水,远期点数加上即期汇率来获得远期汇率。

FX 外汇 - 外汇的简称

Fast market - Rapid movement in a market caused by strong interest by buyers and/or sellers. In such circumstances price levels may be omitted and bid and offer quotations may occur too rapidly to be fully reported.

Fed Fund Rate - The interest rate on Fed funds. This is a closely watched short term interest rate as it signals the Feds view as to the state of the money supply.

Fed - The United States Federal Reserve. Federal Deposit Insurance Corporation Membership is compulsory for Federal Reserve members. The corporation had deep involvement in the Savings and Loans crisis of the late 80s.

Federal Reserve System - The central banking system in the United States.

Fill or Kill - An order which must be entered for trading, normally in a pit three times, if not filled is immediately canceled

Fixed exchange rate - Official rate set by monetary authorities. Often the fixed exchange rate permits fluctuation within a band. Flexible exchange rate Exchange rates with a fixed parity against one or more currencies with frequent revaluations. A form of managed float.

Floating exchange rate - An exchange rate where the value is determined by market forces. Even floating currencies are subject to intervention by the monetary authorities. When such activity is frequent the float is known as a dirty float.

FOMC - Federal Open Market Committee, the committee that sets money supply targets in the US which tend to be implemented through Fed Fund interest rates etc.

Foreign Exchange - The purchase or sale of a currency against sale or purchase of another.

Forex - Term commonly used when referring to the foreign exchange market.

Forward Outright - A commitment to buy or sell a currency for delivery on a specified future date or period. The price is quoted as the Spot rate minus or plus the forward points for the chosen period.

Forward Rate - The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved. Forward rates are quoted in terms of forward points, which represent the difference between the forward and spot rates. In order to obtain the forward rate from the actual exchange rate the forward points are either added or subtracted from the exchange rate. The decision to subtract or add points is determined by the differential between the deposit rates for both currencies concerned in the transaction. The base currency with the higher interest rate is said to be at a discount to the lower interest rate quoted currency in the forward market. Therefor the forward points are subtracted from the spot rate. Similarly, the lower interest rate base currency is said to be at a premium, and the forward points are added to the spot rate to obtain the forward rate.

FX - Foreign Exchange.

G7 - The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy.

G7 7国集团 - 7个主要工业国家,包括美国,德国,日本,法国,英国,加拿大,和意大利。

G7 - The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy.

Hard currency - Any one of the major world currencies that is well traded and easily converted into other currencies.

Hard currency 硬通货 - 任何一种广泛用于交易并能轻松转换的世界主要流通货币。

Hard currency - Any one of the major world currencies that is well traded and easily converted into other currencies.

Implied Rates - The interest rate determined by calculating the difference between spot and forward rates.

Initial margin - The margin required by a Foreign Exchange firm to initiate the buying or selling of a determined amount of currency.

Inter-bank rates - The bid and offer rates at which international banks place deposits with each other. The basis of the Interbank market.

Intervention - Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.

Implied Rates 隐含利率 - 通过计算即期和远期汇率之间的差异得出的利率。

Initial margin 初始保证金 - 外汇公司规定建立买入或卖出一定数额的货币合约所需要的保证金。

Inter-bank rates 银行间利率 - 机构大银行互相之间存款的利率。银行间市场的基础。

Intervention 干预 - 中央银行通过参与市场影响它货币的价值。共同干预指的是好几家中央银行联合控制汇率。

Implied Rates - The interest rate determined by calculating the difference between spot and forward rates.

Initial margin - The margin required by a Foreign Exchange firm to initiate the buying or selling of a determined amount of currency.

Inter-bank rates - The bid and offer rates at which international banks place deposits with each other. The basis of the Interbank market.

Intervention - Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.

Leading Indicators - Statistic that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.

Leverage - The amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded (also referred to as the “lot size” or “contract value”) is $100,000 and the required margin is $2,000, the trader can trade with 50 times leverage ($100,000/$2,000).

Limit order - A request to deal as a buyer or seller for a foreign currency transaction at a specified price, or at a better price, if obtainable.

Liquidation - Any transaction that offsets or closes out a previously established position.

Liquidity - The ability of a market to accept large transactions.

Leading Indicators 领先指标 - 被认为领先经济增速变化和整体经济活动的统计指标,例如工业订单。

Leverage 杠杆 - 用倍数表示的一个数额来显示名义交易额超过所需保证金的数额。比如,如果名义交易额 (也叫做 “手数大小” 或者 “合约价值”) 是 $100,000 ,所需要的保证金是$2,000,那么交易员用的杠杆倍数是 50 倍 ($100,000/$2,000)。

Limit order 限价单 - 要求在指定价格或能获得的更好价格进行买入或卖出外汇的一种订单。

Liquidation 清算 - 任何对冲或关闭前期已建立头寸的交易。

Liquidity 流动性 - 市场接受大宗交易的能力。

Leading Indicators - Statistic that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.

Leverage - The amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded (also referred to as the “lot size” or “contract value”) is $100,000 and the required margin is $2,000, the trader can trade with 50 times leverage ($100,000/$2,000).

Limit order - A request to deal as a buyer or seller for a foreign currency transaction at a specified price, or at a better price, if obtainable.

Liquidation - Any transaction that offsets or closes out a previously established position.

Liquidity - The ability of a market to accept large transactions.

Margin call - A claim by one's broker or dealer for additional good faith performance monies usually issued when an investor's account suffers adverse price movements.

Margin - The amount of money or collateral that must be, in the first instance, provided or thereafter, maintained, to ensure against losses on open positions. Initial margin must be placed before a trade is entered into. Maintenance or Variation margin must be added to initial to maintain against losses on open positions.

Mark to market - The daily adjustment of an account to reflect accrued profits and losses often required to calculate variations of margins.

Market order - An order to buy or sell a financial instrument immediately at the best possible price.

Mid-price or middle rate - The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers.

Margin call 催缴保证金 - 一家经纪商或经销商需要额外的信用保证金的要求,通常在投资者的账户遭受极端反向价格运动时发出。

Margin 保证金 - 在一开始就必须提供的资金数额,或者在持仓过程中保持,来满足开仓头寸的浮亏。在交易建立之前就需要交纳初始保证金。持仓保证金或浮动保证金必须在开仓头寸出现浮亏后补足初始保证金。

Mark to market 按市价计算 - 对账户进行的每日调整来反应累积的浮盈或浮亏,以此计算保证金的变化。

Market order 市价单 - 一种立刻在最佳的价格买入或卖出金融产品的订单。

Mid-price or middle rate 中间价或中间汇率 - 两个价格中的中间价格,或者由做市商提供买入价和卖出价两者的平均价。

Margin call - A claim by one's broker or dealer for additional good faith performance monies usually issued when an investor's account suffers adverse price movements.

Margin - The amount of money or collateral that must be, in the first instance, provided or thereafter, maintained, to ensure against losses on open positions. Initial margin must be placed before a trade is entered into. Maintenance or Variation margin must be added to initial to maintain against losses on open positions.

Mark to market - The daily adjustment of an account to reflect accrued profits and losses often required to calculate variations of margins.

Market order - An order to buy or sell a financial instrument immediately at the best possible price.

Mid-price or middle rate - The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers.

Net Position - The amount of currency bought or sold which have not yet been offset by opposite transactions.

Net Position 净头寸 - 买入或卖出的外汇同时没有被反向操作对冲的部分。

Net Position - The amount of currency bought or sold which have not yet been offset by opposite transactions.

Offer - The price at which a seller is willing to sell. The best offer is the lowest such price available.

Offer 卖价 - 卖家愿意卖出的价格。最佳卖出价就是卖出价中最低的那个卖价。

Offer - The price at which a seller is willing to sell. The best offer is the lowest such price available.

Pip - One unit of price change in the bid/ask price of a currency or the smallest price increment in a currency. For most currencies, it denotes the fourth decimal place in an exchange rate and represents 1/100 of one percent (.01%).

Position - The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short (more currency sold than bought).

Premium - (also “interest” or “Cost of Carry”): The cost, often quoted in terms of dollars or pips per day, of holding an open position.

Pip 点 - 外汇买入/卖出价格中一个变动单位,外汇价格变动的最小单位。绝大多数外汇中,一点表示汇价小数点后第四位,表示百分之一的 1/100  (0.01%)。

Position 头寸 - 在给定外汇中的净持仓。头寸可以为平头(无敞口),多头(做多外汇多于做空),或空头(做空外汇多于做空)。

Premium 费用 - (也叫 “利息” 或者 “持仓成本”): 成本,持有一个开仓头寸通常用每天美元或点数作为报价单位。

Pip - One unit of price change in the bid/ask price of a currency or the smallest price increment in a currency. For most currencies, it denotes the fourth decimal place in an exchange rate and represents 1/100 of one percent (.01%).

Position - The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short (more currency sold than bought).

Premium - (also “interest” or “Cost of Carry”): The cost, often quoted in terms of dollars or pips per day, of holding an open position.

Quote - An indicative price. The price quoted for information purposes but not to deal.

Quote 报价 - 一个参考价格。报价给出的价格仅供参考并非成交价格。

Quote - An indicative price. The price quoted for information purposes but not to deal.

Reciprocal currency - A currency that is normally quoted as dollars per unit of currency rather than the normal quote method of units of currency per dollar. Sterling is the most common example.

Revaluation - Increase in the exchange rate of a currency as a result of official action.

Rollover - An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).

Round trip - Buying and selling of a specified amount of currency.

Reciprocal currency 反向报价汇率 - 一种用美元来表示每一单位货币的货币,而不是用单位美元来报价的通常报价方法。英镑美元是最常见的例子。

Revaluation 汇价重估 - 由于官方行动而导致的货币汇率上升。

Rollover 展期 - 一种隔夜互换,特别是指下一个交易日之后的一个交易日 (也叫做 Tomorrow Next 明日次日,缩写为 Tom-Next)。

Round trip 完整交易 - 买入和卖出特定数量的货币。

Reciprocal currency - A currency that is normally quoted as dollars per unit of currency rather than the normal quote method of units of currency per dollar. Sterling is the most common example.

Revaluation - Increase in the exchange rate of a currency as a result of official action.

Rollover - An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).

Round trip - Buying and selling of a specified amount of currency.

Settlement date - The date upon which foreign exchange contracts settle.

Short sale - The sale of a specified amount of currency not owned by the seller at the time of the trade. Short sales are usually made in expectation of a decline in the price.

Short-term interest rates - Normally the 90-day rate.

Slippage - Refers to the negative (or depreciating) pip value between where a stop loss order becomes a market order and where that market order may be filled.

Soft Market - More potential sellers than buyers, which creates an environment where rapid price falls are likely.

Spot FX - (1) The most common foreign exchange transaction generally traded on margin and often referred to as the “interbank” market. (2) Spot or Spot date refers to the spot transaction value date that requires settlement within two business days, subject to value date calculation.

Spot next - The overnight swap from the spot date to the next business day.

Spot price/rate - The price at which the currency is currently trading in the spot market.

Spread - (1) The difference between the bid and ask price of a currency. (2) The difference between the price of two related futures contracts.

Sterling - British pound, otherwise known as cable.

Stop-Loss order - Order to buy or sell at the best available price when a given price threshold has been reached.

Support levels - When an exchange rate depreciates or appreciates to a level where; (1) Technical analysis techniques suggest that the currency will rebound, or not go below; (2) the monetary authorities intervene to stop any further down ward movement.

Swap price - A price as a differential between two dates of the swap.

Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.

Settlement date 交割日 - 外汇交易合约结算的日期。

Short sale 卖空 - 卖家在建立交易时卖出非自己所有的一定数额的外汇的交易。通常在认为价格会下跌时才会建立卖空交易。

Short-term interest rates 短期利率 - 通常指90天利率。

Slippage 滑点 - 指的是在止损订单变成市价单时或市价单成交时可能发生的价格之间差额为负数(或贬值)的情况。

Soft Market 市场疲软 - 潜在的卖家多于买家,这种情况下容易发生价格快速下跌。

Spot FX 即期外汇 - (1) 最常见的外汇交易,通常是保证金交易,经常指的是“银行间”市场。 (2) 即期或即期日指的是即期交易的起息日,根据起息日计算方法,通常需要两个工作日完成交割。

Spot next 即期次日 - 即期当日和下一个工作日之间的隔夜互换利率。

Spot price/rate 即期价格 - 即期市场中外汇交易的价格。

Spread 点差 - (1) 货币买入价和卖出价之间的差价。 (2) 两种相互关联的期货合约之间的差价。

Sterling 英镑 - 英镑,也叫 cable。

Stop-Loss order 止损订单 - 当给定的价格达到时按照最佳价格买入或卖出。

Support levels 支撑位置 - 当一种汇率升值或贬值到一个价位; (1) 技术分析认为汇率会反弹或止跌; (2) 货币当局干预避免任何更进一步的下跌。

Swap price 隔夜利息价格 - 两种不同日期互换之间的差价作为价格。

Swap 隔夜利息 - 同时买入和卖出不同日期的相同数额的给定外汇,针对卖出并买入另一种。互换可以是针对远期的互换。从本质上来说,互换某种程度上来说类似借入一种货币并在相同的期限内借出另一种货币。然而,任何资金回报率或成本的不同通过交易两边的价格差价表示。

Settlement date - The date upon which foreign exchange contracts settle.

Short sale - The sale of a specified amount of currency not owned by the seller at the time of the trade. Short sales are usually made in expectation of a decline in the price.

Short-term interest rates - Normally the 90-day rate.

Slippage - Refers to the negative (or depreciating) pip value between where a stop loss order becomes a market order and where that market order may be filled.

Soft Market - More potential sellers than buyers, which creates an environment where rapid price falls are likely.

Spot FX - (1) The most common foreign exchange transaction generally traded on margin and often referred to as the “interbank” market. (2) Spot or Spot date refers to the spot transaction value date that requires settlement within two business days, subject to value date calculation.

Spot next - The overnight swap from the spot date to the next business day.

Spot price/rate - The price at which the currency is currently trading in the spot market.

Spread - (1) The difference between the bid and ask price of a currency. (2) The difference between the price of two related futures contracts.

Sterling - British pound, otherwise known as cable.

Stop-Loss order - Order to buy or sell at the best available price when a given price threshold has been reached.

Support levels - When an exchange rate depreciates or appreciates to a level where; (1) Technical analysis techniques suggest that the currency will rebound, or not go below; (2) the monetary authorities intervene to stop any further down ward movement.

Swap price - A price as a differential between two dates of the swap.

Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.

Tick - A minimum change in price, up or down.

Tomorrow next(Tom next) - Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.

Tradeable amount - Smallest transaction size acceptable.

Two Tier market - A dual exchange rate system where normally only one rate is open to market pressure, e.g. South Africa.

Tick 价格变动最小单位 - 价格变动最小单位

Tomorrow next(Tom next) 明日次日 - 买入货币明日交割的同时卖出今日即期,反之亦然。

Tradeable amount 可交易数量 - 可接受的最小交易单位。

Two Tier market 二级市场 - 一种双轨汇率系统,通常只有其中一种汇率公开作为市场参照,比如南非。

Tick - A minimum change in price, up or down.

Tomorrow next(Tom next) - Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.

Tradeable amount - Smallest transaction size acceptable.

Two Tier market - A dual exchange rate system where normally only one rate is open to market pressure, e.g. South Africa.

Uncovered - Another term for an open position.

Uncovered 未平仓 - 另一种表示已开仓头寸的术语。

Uncovered - Another term for an open position.

Value Date - For a spot transaction it is two business banking days forward in the country of the bank providing quotations which determine the spot value date. The only exception to this general rule is the spot day in the quoting centre coinciding with a banking holiday in the country(ies) of the foreign currency(ies). The value date then moves forward a day.

Value Spot - Normally settlement for two working days from today. See value date.

Value Date 起息日 - 对于现货交易或即期交易,提供报价银行所在的国家内两个银行工作日决定即期起息日。这一常规唯一的例外是报价中心的即期日期与外币国家的银行假期重叠,那么起息日顺延一天。

Value Spot 即期计价 - 通常从今天起需要两个工作日完成交割。见起息日。

Value Date - For a spot transaction it is two business banking days forward in the country of the bank providing quotations which determine the spot value date. The only exception to this general rule is the spot day in the quoting centre coinciding with a banking holiday in the country(ies) of the foreign currency(ies). The value date then moves forward a day.

Value Spot - Normally settlement for two working days from today. See value date.

Frequently Asked Questions 常见问题 FAQs

MYFX Markets PTY Ltd (MYFX Markets) is registered in England & Wales under Company Number 10265168. MYFX Markets (FCA Registration Number FRN 795679) is an Appointed Representative of FXI PLC, UK, authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under FRN 448399.  MYFX Markets PTY Ltd (MYFX Markets)注册于英格兰及威尔士,公司注册号:10265168 注册地址71-75 Shelton Street, London WC2H 9JQ MYFX Markets(FCA注册号FRN 795679)是受英国金融服务管理局(FCA)监管,FRN 448399 的FXI PLC, UK的指定授权代理。 MYFX Markets PTY Ltd (MYFX Markets) is registered in England & Wales under Company Number 10265168. MYFX Markets (FCA Registration Number FRN 795679) is an Appointed Representative of FXI PLC, UK, authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under FRN 448399.
You can fund your account by Bank Transfer, SticPay and Alipay/Wechatpay 您可以通过多种方式进行入金,包括银行电汇, Sticpay,支付宝及微信支付。 You can fund your account by Bank Transfer, SticPay and Alipay/Wechatpay
The associated costs of funding and withdrawals are listed in our Product Schedule 关于账户出入金手续费详情请查阅我们的产品披露 The associated costs of funding and withdrawals are listed in our Product Schedule
Standard Account: $200
Pro Account: $1000
标准账户: $200
专业账户: $1000
표준 계좌 : $200
프로 계좌 : $1000
Currently MYFX Markets supports the following currencies for MT4 Accounts: USD, EUR, AUD 目前Myfx Markets接受为MT4账户存款的货币有:USD, EUR, AUD 현재 MYFX Markets은 MT4 계정에 대해 USD, AUD 및 EUR 통화를 지원합니다.
Our clients’ funds are deposited in our segregated trust account. 我们客户的资金全部存放在我们的独立隔离信托账户。 고객의 자금은 분리 된 신탁 계좌에 예치됩니다.
Submit a withdrawal request from Client Office Funds can only be sent back to an account in the same name as the trading account, e.g. if you have a company account you can’t withdraw funds to an account in the name of an individual. 从您指定的账户取款,您在需要在 客户专区 提交取款申请。另外,您也可以联络您的账户经理或cs@myfxmarkets.co.uk 고객 지원팀에 거래 계정과 동일한 이름으로 인출 요청을 제출합니다. 예를 들어, 회사 계정이있는 경우 개인의 이름으로 계좌로 자금을 인출 할 수 없습니다. 고객 지원팀
If you haven’t already downloaded our MT4, you can download it from here.
After downloading and installing the MT4, simply follow the next steps;
1. Click on "File" of the main menu
2. Select "Open an account"
3. Select “MYFXMarkets-US03-Demo” from Trading Servers, then press ”Next”
4. Select “New demo account” from “Select account type”, then press “Next”
5. Fill out “Personal details” and tick "I agree to subscribe to your newsletters" check-box, then press "Next"
6. "Registration" will appear with your demo account details
如果您还没有下载我们的MT4客户端,请点击开始下载
下载并安装好MT4客户端后,按如下步骤开设模拟账户:
1. 点击主菜单“文件”
2. 选择“开新模拟账户”
3. 服务器选择“MYFX-US01-Demo”,点击“下一步”
4. 在“选择账户类型”时,选择“新的模拟账户”后点击“下一步”
5. 填写好“个人信息”后,勾选“我同意订阅你们的新闻简报“
6. 注册成功后,您的模拟账户信息将出现在对话框内 MT4를 아직 다운로드하지 않은 경우 여기 에서 다운로드 할 수 있습니다 .
MT4를 다운로드하고 설치 한 후 다음 단계를 따르십시오.
1. 메인 메뉴의 "파일"을 클릭하십시오.
2. "계정 열기"를 선택하십시오.
3. 거래 서버에서 "MYFXMarkets-US03-Demo"를 선택한 다음 "다음"을 누르십시오.
4. "계정 선택"에서 "새 데모 계정"을 선택하십시오. 유형 "다음"을, 다음 Enter 키를 눌러 "
5. 기입"개인 정보 "및 진드기"나는 당신의 뉴스 레터에 가입 동의 "체크 상자를 누릅니다"다음 "
6. "등록 "
MYFX Markets offers more than 50 pairs. 在Myfx Markets您可以交易超过50种外汇货币对。 MYFX Markets은 50 쌍 이상을 제공합니다.
Minimum trade size is 0.01 lots for all FX pairs, Gold and Silver. For all product specifications, please refer to the Product Schedule. 无论您开设的是标准账户还是专业账户,Myfx Markets允许微型交易合约(0.01手即最小合约单位1,000),适用于所有外汇,黄金及白银。产品明细请参考产品披露声明 MYFX Markets은 모든 FX 쌍 및 금,은 및 WTI에 대한 표준 및 프로 계정 모두에서 마이크로 랏 (0.01 볼륨 및 1,000 기본 통화)를 거래 할 수 있습니다. 모든 상품 사양에 대해서는 상품 스케줄을 참조하십시오 .
MYFX Markets allows most types of trading, including Expert Advisors (EAs), scalping and hedging. Myfx Markets允许大多数类型的交易,包括EA,剥头皮和对冲。 MYFX Markets은 Expert Advisors (EAs), 스캘핑 및 헤징을 포함하여 대부분의 거래를 허용합니다.
Maximum leverage for an MT4 trading account with MYFX Markets is 1:100. You can submit a request to change your leverage in Client Office. Myfx Markets的交易账户最高杠杆为1:100.您可以在您的客户专区申请修改杠杆。. MYFX Markets의 MT4 거래 계정에 대한 최대 레버리지는 1 : 100입니다. 고객 지원팀에 레버리지 변경 요청을 제출할 수 있습니다 . 고객 지원팀.
Make sure all the trades in your MT4 account are closed and simply email
Customer Services team and they will process your request.
在确认您所有的交易结束后,您可以通过邮件方式联系我们的客服团队协助您关闭账户。
"MT4 계정의 모든 거래가 종료되었는지 확인하고 고객 지원 팀에 이메일을보내면 요청을 처리합니다."
Let our Client Services team know via email what changes need to be made to your account by emailing cs@myfxmarkets.co.uk. If they require any further information they will contact you. 您可以发送邮件到cs@myfxmarkets.co.uk,邮件内注明您需要修改的信息,我们的团队会协助您进行账户信息的修改。 cs@myfxmarkets.co.uk 으로 계좌 정보 변경 사항을 이메일을 통해 알려주십시오 . 추가 정보가 필요하면 고객 지원팀에서 연락드립니다.

MYFX Markets PTY Ltd (MYFX Markets) is registered in England & Wales under Company Number 10265168 registered address 71-75 Shelton Street, London WC2H 9JQ. MYFX Markets (FCA Registration Number FRN 795679) is an Appointed Representative of FXI PLC, UK, authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under FRN 448399.
Risk Warning CFDs, spread betting and rolling spot forex are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with FIXI. You should consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
Disclaimer The information and content provided on the website (“the Information”) you are going to access, has been compiled and presented in accordance with UK laws and regulations. The Information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use may be contrary to any laws or regulations of that jurisdiction. Those who access this site do so on their own initiative, and are therefore responsible for compliance with applicable local laws and regulations. MYFX Markets or FIXI PLC will not undertake any responsibility for non-compliance with local regulations. The information in this web site does not constitute any invitation or solicitation of business.

© Copyright 2018 Myfx Markets

FAQs FAQs FAQs
MYFX Markets PTY Ltd (MYFX Markets) is registered in England & Wales under Company Number 10265168. MYFX Markets (FCA Registration Number FRN 795679) is an Appointed Representative of FXI PLC, UK, authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under FRN 448399.  MYFX Markets PTY Ltd (MYFX Markets)注册于英格兰及威尔士,公司注册号:10265168 注册地址71-75 Shelton Street, London WC2H 9JQ MYFX Markets(FCA注册号FRN 795679)是受英国金融服务管理局(FCA)监管,FRN 448399 的FXI PLC, UK的指定授权代理。 MYFX Markets PTY Ltd (MYFX Markets) is registered in England & Wales under Company Number 10265168. MYFX Markets (FCA Registration Number FRN 795679) is an Appointed Representative of FXI PLC, UK, authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under FRN 448399.
You can fund your account by Bank Transfer, SticPay and Alipay/Wechatpay 您可以通过多种方式进行入金,包括银行电汇, Sticpay,支付宝及微信支付。 You can fund your account by Bank Transfer, SticPay and Alipay/Wechatpay
The associated costs of funding and withdrawals are listed in our Product Schedule 关于账户出入金手续费详情请查阅我们的产品披露 The associated costs of funding and withdrawals are listed in our Product Schedule
Standard Account: $200
Pro Account: $1000
标准账户: $200
专业账户: $1000
표준 계좌 : $200
프로 계좌 : $1000
Currently MYFX Markets supports the following currencies for MT4 Accounts: USD, EUR, AUD 目前Myfx Markets接受为MT4账户存款的货币有:USD, EUR, AUD 현재 MYFX Markets은 MT4 계정에 대해 USD, AUD 및 EUR 통화를 지원합니다.
Our clients’ funds are deposited in our segregated trust account. 我们客户的资金全部存放在我们的独立隔离信托账户。 고객의 자금은 분리 된 신탁 계좌에 예치됩니다.
Submit a withdrawal request from Client Office Funds can only be sent back to an account in the same name as the trading account, e.g. if you have a company account you can’t withdraw funds to an account in the name of an individual. 从您指定的账户取款,您在需要在 客户专区 提交取款申请。另外,您也可以联络您的账户经理或cs@myfxmarkets.co.uk 고객 지원팀에 거래 계정과 동일한 이름으로 인출 요청을 제출합니다. 예를 들어, 회사 계정이있는 경우 개인의 이름으로 계좌로 자금을 인출 할 수 없습니다. 고객 지원팀
If you haven’t already downloaded our MT4, you can download it from here.
After downloading and installing the MT4, simply follow the next steps;
1. Click on "File" of the main menu
2. Select "Open an account"
3. Select “MYFXMarkets-US03-Demo” from Trading Servers, then press ”Next”
4. Select “New demo account” from “Select account type”, then press “Next”
5. Fill out “Personal details” and tick "I agree to subscribe to your newsletters" check-box, then press "Next"
6. "Registration" will appear with your demo account details
如果您还没有下载我们的MT4客户端,请点击开始下载
下载并安装好MT4客户端后,按如下步骤开设模拟账户:
1. 点击主菜单“文件”
2. 选择“开新模拟账户”
3. 服务器选择“MYFX-US01-Demo”,点击“下一步”
4. 在“选择账户类型”时,选择“新的模拟账户”后点击“下一步”
5. 填写好“个人信息”后,勾选“我同意订阅你们的新闻简报“
6. 注册成功后,您的模拟账户信息将出现在对话框内 MT4를 아직 다운로드하지 않은 경우 여기 에서 다운로드 할 수 있습니다 .
MT4를 다운로드하고 설치 한 후 다음 단계를 따르십시오.
1. 메인 메뉴의 "파일"을 클릭하십시오.
2. "계정 열기"를 선택하십시오.
3. 거래 서버에서 "MYFXMarkets-US03-Demo"를 선택한 다음 "다음"을 누르십시오.
4. "계정 선택"에서 "새 데모 계정"을 선택하십시오. 유형 "다음"을, 다음 Enter 키를 눌러 "
5. 기입"개인 정보 "및 진드기"나는 당신의 뉴스 레터에 가입 동의 "체크 상자를 누릅니다"다음 "
6. "등록 "
MYFX Markets offers more than 50 pairs. 在Myfx Markets您可以交易超过50种外汇货币对。 MYFX Markets은 50 쌍 이상을 제공합니다.
Minimum trade size is 0.01 lots for all FX pairs, Gold and Silver. For all product specifications, please refer to the Product Schedule. 无论您开设的是标准账户还是专业账户,Myfx Markets允许微型交易合约(0.01手即最小合约单位1,000),适用于所有外汇,黄金及白银。产品明细请参考产品披露声明 MYFX Markets은 모든 FX 쌍 및 금,은 및 WTI에 대한 표준 및 프로 계정 모두에서 마이크로 랏 (0.01 볼륨 및 1,000 기본 통화)를 거래 할 수 있습니다. 모든 상품 사양에 대해서는 상품 스케줄을 참조하십시오 .
MYFX Markets allows most types of trading, including Expert Advisors (EAs), scalping and hedging. Myfx Markets允许大多数类型的交易,包括EA,剥头皮和对冲。 MYFX Markets은 Expert Advisors (EAs), 스캘핑 및 헤징을 포함하여 대부분의 거래를 허용합니다.
Maximum leverage for an MT4 trading account with MYFX Markets is 1:100. You can submit a request to change your leverage in Client Office. Myfx Markets的交易账户最高杠杆为1:100.您可以在您的客户专区申请修改杠杆。. MYFX Markets의 MT4 거래 계정에 대한 최대 레버리지는 1 : 100입니다. 고객 지원팀에 레버리지 변경 요청을 제출할 수 있습니다 . 고객 지원팀.
Make sure all the trades in your MT4 account are closed and simply email
Customer Services team and they will process your request.
在确认您所有的交易结束后,您可以通过邮件方式联系我们的客服团队协助您关闭账户。
"MT4 계정의 모든 거래가 종료되었는지 확인하고 고객 지원 팀에 이메일을보내면 요청을 처리합니다."
Let our Client Services team know via email what changes need to be made to your account by emailing cs@myfxmarkets.co.uk. If they require any further information they will contact you. 您可以发送邮件到cs@myfxmarkets.co.uk,邮件内注明您需要修改的信息,我们的团队会协助您进行账户信息的修改。 cs@myfxmarkets.co.uk 으로 계좌 정보 변경 사항을 이메일을 통해 알려주십시오 . 추가 정보가 필요하면 고객 지원팀에서 연락드립니다.

Glossary Glossary Glossary

Appreciation - Describes a currency strengthening in response to market demand rather than by official action.

Ask - The price at which the currency or instrument is offered.

At best - An instruction given to.

At or Better - An order to deal at a specific rate or better.

Appreciation 升值 - 一种货币由于市场需求而不是政府行为出现走强。

Ask 卖出价 - 货币或金融工具提供的卖出价。

At best 最佳 - 给经纪商发出的指令,要求按照能获得的最佳汇率买入或卖出。

At or Better 底价 - 一份要求在指定汇率或更优汇率进行交易的订单。

Appreciation - Describes a currency strengthening in response to market demand rather than by official action.

Ask - The price at which the currency or instrument is offered.

At best - An instruction given to.

At or Better - An order to deal at a specific rate or better.

Base currency - In general terms the base currency is the currency in which an investor or issuer maintains its book or accounts. In FX markets the US Dollar is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of 1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.

Bid/Ask Spread - The distance, usually in pips, between the Bid and the Ask price. A tighter spread is better for the trader!

Basis point - For most currencies, denotes the fourth decimal place in exchange rate and represents 1/100 of one percent (.01%).

Bid - The price at which a buyer has offered to purchase the currency or instrument.

Big Figure - Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore are omitted in dealer quotes, especially in times of high market activity. For example, a USD/Yen rate might be 107.30/107.35, but would be quoted verbally without the first three digits i.e. 0.30/0.35 ”.

Buying Rate - Rate at which the market and a market maker in particular is willing to buy the currency. Sometimes called bid rate.

Base currency 基础货币 - 一般来说,基础货币是投资者或发行者用来记账的货币。在外汇市场中,美元通常是报价的基础货币,就是报价通常表示为一单位的1美元相当于多少所报价货币对中的另一种货币。这条规则的主要例外是英镑,欧元,和澳大利亚元。

Bid/Ask Spread 买卖价格点差 - 买入价和卖出价之间的距离,通常用点来表示。点差越小对交易员越有利!

Basis point 基点 - 对绝大多数货币来说,一个基点表示汇率中小数点后第四位,表示1个百分点的 1/100  (0.01%)。

Bid 买入价 - 买家获得的货币或金融工具的买入价格。

Big Figure 大数 - 经纪商称呼汇率前几位数字的表达方法。在正常市场波动中,这几位数字一般不怎么变动,所以在经纪商报价中一般省略,尤其是在市场交易繁忙时。例如,美元/日元汇率可能是 107.30/107.35,但是口头报价时会省略头三位数字,报价为 0.30/0.35 。

Buying Rate 买入汇率 - 市场或尤指做市商愿意买入货币的汇率价格。有时也称买入价。

Base currency - In general terms the base currency is the currency in which an investor or issuer maintains its book or accounts. In FX markets the US Dollar is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of 1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.

Bid/Ask Spread - The distance, usually in pips, between the Bid and the Ask price. A tighter spread is better for the trader!

Basis point - For most currencies, denotes the fourth decimal place in exchange rate and represents 1/100 of one percent (.01%).

Bid - The price at which a buyer has offered to purchase the currency or instrument.

Big Figure - Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore are omitted in dealer quotes, especially in times of high market activity. For example, a USD/Yen rate might be 107.30/107.35, but would be quoted verbally without the first three digits i.e. 0.30/0.35 ”.

Buying Rate - Rate at which the market and a market maker in particular is willing to buy the currency. Sometimes called bid rate.

Cable - A term used in the foreign exchange market for the US Dollar/British Pound rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800s. This is an example of a reciprocal currency.

Carry - The interest cost of financing securities or other financial instruments held.

Cash Delivery - Same day settlement.

Cash market - The market in the actual financial instrument on which a futures or options contract is based.

Closed position - A transaction which leaves the trade with a zero net commitment to the market with respect to a particular currency.

Conversion - The process by which an asset or liability denominated in one currency is exchanged for an asset or liability denominated in another currency.

Cover - (1)To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.

Cross rates - The exchange rates between any two currencies that are considered non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/JPY quote would be considered a cross rate, whereas in the UK or Japan it would be one of the primary currency pairs traded.

Currency Futures - Futures contracts traded on an exchange, most typically the Chicago Mercantile Exchange (CME). Always quoted in terms of the currency value with respect to the US Dollar. Parameters of the futures contract are standardized by the exchange.

Cable 镑美 - 在外汇市场中用来描述英镑美元之间汇率的术语。这么称是因为从19世纪中叶起这个汇率报价通过跨大西洋海底电缆进行传输。这是互惠货币的一种。

Carry 利差 - 持有证券或其它金融工具融资所产生的利息成本。

Cash Delivery 现金交割 - 当日交割。

Cash market 货币市场 - 实际金融工具如期货或期权合约所依托的市场。

Closed position 已平仓头寸 - 让一种特定货币交易对市场净委托为0的交易。

Conversion 转换 - 把以一种货币表示的资产或负债转换成用另一种货币表示的资产或负债。

Cover 冲销 - (1) 结束一份外汇远期合约。 (2) 通过购买已卖空的货币或证券来关闭一个空头头寸。

Cross rates 交叉汇率 - 两种货币之间的汇率报价不是该报价发生地所在国的标准报价。例如,在美国,GBP/JPY 的报价就是交叉汇率,而在英国或日本该报价就是主流交易货币对报价。

Currency Futures 外汇期货 - 对应一种外汇的期货合约,通常在芝加哥商品交易所 (CME) 进行交易。按照相对于美元的一种货币的价值进行报价。期货合约的要素由交易所进行标准化制定。

Cable - A term used in the foreign exchange market for the US Dollar/British Pound rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800s. This is an example of a reciprocal currency.

Carry - The interest cost of financing securities or other financial instruments held.

Cash Delivery - Same day settlement.

Cash market - The market in the actual financial instrument on which a futures or options contract is based.

Closed position - A transaction which leaves the trade with a zero net commitment to the market with respect to a particular currency.

Conversion - The process by which an asset or liability denominated in one currency is exchanged for an asset or liability denominated in another currency.

Cover - (1)To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.

Cross rates - The exchange rates between any two currencies that are considered non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/JPY quote would be considered a cross rate, whereas in the UK or Japan it would be one of the primary currency pairs traded.

Currency Futures - Futures contracts traded on an exchange, most typically the Chicago Mercantile Exchange (CME). Always quoted in terms of the currency value with respect to the US Dollar. Parameters of the futures contract are standardized by the exchange.

Delivery Date - The date of maturity of the contract, when the exchange of the currencies is made This date is more commonly known as the value date in the FX or Money markets.

Depreciation - A fall in the value of a currency due to market forces rather than due to official action.

Devaluation - Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement.

Delivery Date 交割日期 - 合约到期的日期,即货币进行交易或转换的日期。在外汇或货币市场中,这个日期通常叫做起息日。

Depreciation 贬值 - 一种货币由于市场因素而不是政府行为出现走弱。

Devaluation 贬值 - 故意把一种货币对一系列货币的价值往下调整,通常通过正式通知宣布。

Delivery Date - The date of maturity of the contract, when the exchange of the currencies is made This date is more commonly known as the value date in the FX or Money markets.

Depreciation - A fall in the value of a currency due to market forces rather than due to official action.

Devaluation - Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement.

Economic Indicator - A statistic which indicates current economic growth rates and trends such as retail sales and employment.

European Monetary System - A system designed to stabilize if not eliminate exchange risk between member states of the EMS as part of the economic convergence policy of the EU. It permits currencies to move in a measured fashion (divergence indicator) within agreed bands (the parity grid) with respect to the ECU and consequently with each other.

Exposure - In foreign exchange, a potential for gain or loss because of movement in foreign exchange rate. There are three primary types of exposure: Economic: The change in future earning power and cash flow arising from a change in exchange rates. In effect, it represents a change in the value of a company holding foreign currency. Transnational: A potential gain or loss arising from transactions that will definitely occur in the future, are currently in progress, or could have already been completed. A signed but not shipped sales contract, a receivable or foreign currency payment collected but not converted to local currency would all be examples of transaction exposure. Translation: The potential for change in reported earnings and/or the book value of the consolidated company equity accounts, as the result of a change in foreign exchange rates used to translate the foreign currency statements of subsidiaries and affiliates known as accounting exposure.

Economic Indicator 经济指标 - 表示当前经济增长速率和趋势的统计指标,例如零售额和就业率。

European Monetary System 欧洲货币体系 - 欧盟经济一体化政策的一部分,一种用来在欧洲货币体系成员国之间稳定但不完全消除货币兑换风险的体系。该体系允许货币价格参照 ECU和互相参照在一致同意的区间内 (平价网络)用可测算的方式 (偏离指标) 运行。

Exposure 敞口 - 在外汇交易中,由于外汇汇率波动可能造成盈利或亏损的一种可能性。敞口主要有三类:经济性敞口:汇率中未来购买力和产生的现金流的变动。实际上,这代表一家公司持有的外汇价值的变动。交易性敞口:交易中发生在未来,或正在发生,或已经发生的可能盈亏。一份已签订但未发货的销售合同,一笔应收账款或一笔并未转换成本地货币的外汇汇款都属于交易性敞口。换算敞口:公司权益账户合并报表时,由于外汇汇率变动导致子公司国外货币报表在换算时产生了会计价值的变动的一种可能性,也称为会计敞口。

Economic Indicator - A statistic which indicates current economic growth rates and trends such as retail sales and employment.

European Monetary System - A system designed to stabilize if not eliminate exchange risk between member states of the EMS as part of the economic convergence policy of the EU. It permits currencies to move in a measured fashion (divergence indicator) within agreed bands (the parity grid) with respect to the ECU and consequently with each other.

Exposure - In foreign exchange, a potential for gain or loss because of movement in foreign exchange rate. There are three primary types of exposure: Economic: The change in future earning power and cash flow arising from a change in exchange rates. In effect, it represents a change in the value of a company holding foreign currency. Transnational: A potential gain or loss arising from transactions that will definitely occur in the future, are currently in progress, or could have already been completed. A signed but not shipped sales contract, a receivable or foreign currency payment collected but not converted to local currency would all be examples of transaction exposure. Translation: The potential for change in reported earnings and/or the book value of the consolidated company equity accounts, as the result of a change in foreign exchange rates used to translate the foreign currency statements of subsidiaries and affiliates known as accounting exposure.

Fast market - Rapid movement in a market caused by strong interest by buyers and/or sellers. In such circumstances price levels may be omitted and bid and offer quotations may occur too rapidly to be fully reported.

Fed Fund Rate - The interest rate on Fed funds. This is a closely watched short term interest rate as it signals the Feds view as to the state of the money supply.

Fed - The United States Federal Reserve. Federal Deposit Insurance Corporation Membership is compulsory for Federal Reserve members. The corporation had deep involvement in the Savings and Loans crisis of the late 80s.

Federal Reserve System - The central banking system in the United States.

Fill or Kill - An order which must be entered for trading, normally in a pit three times, if not filled is immediately canceled

Fixed exchange rate - Official rate set by monetary authorities. Often the fixed exchange rate permits fluctuation within a band. Flexible exchange rate Exchange rates with a fixed parity against one or more currencies with frequent revaluations. A form of managed float.

Floating exchange rate - An exchange rate where the value is determined by market forces. Even floating currencies are subject to intervention by the monetary authorities. When such activity is frequent the float is known as a dirty float.

FOMC - Federal Open Market Committee, the committee that sets money supply targets in the US which tend to be implemented through Fed Fund interest rates etc.

Foreign Exchange - The purchase or sale of a currency against sale or purchase of another.

Forex - Term commonly used when referring to the foreign exchange market.

Forward Outright - A commitment to buy or sell a currency for delivery on a specified future date or period. The price is quoted as the Spot rate minus or plus the forward points for the chosen period.

Forward Rate - The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved. Forward rates are quoted in terms of forward points, which represent the difference between the forward and spot rates. In order to obtain the forward rate from the actual exchange rate the forward points are either added or subtracted from the exchange rate. The decision to subtract or add points is determined by the differential between the deposit rates for both currencies concerned in the transaction. The base currency with the higher interest rate is said to be at a discount to the lower interest rate quoted currency in the forward market. Therefor the forward points are subtracted from the spot rate. Similarly, the lower interest rate base currency is said to be at a premium, and the forward points are added to the spot rate to obtain the forward rate.

FX - Foreign Exchange.

Fast market 市场快速波动 - 由于买家或卖家的强烈交易意愿导致市场快速波动。在这种情况下,价格水平可能会被忽略,买卖价格报价可能由于变动过快而无法表示真实价格。

Fed Fund Rate 美联储资金利率 - 美联储的资金的利率。这是一个广泛关注的短期利率因为它代表美联储对货币供应状态的看法。

Fed 美联储 - 美国联邦储备局。美国联邦存款保险公司会员是联邦储备成员的强制要求。该公司深度参与20世纪80年代存贷款危机。

Federal Reserve System 联邦储备体系 - 美国中央银行体系。

Fill or Kill 不成交就取消 - 一种建立交易的订单,通常已经在交易台出现三次,如果没有成交就立刻取消。

Fixed exchange rate 固定汇率 - 货币当局设定的官方汇率。通常固定汇率允许在一个区间之内波动。灵活的汇率针对一种或一系列货币有一个固定的汇率并经常调整。是一种受管制的浮动汇率。

Floating exchange rate 浮动汇率 - 由市场力量决定的汇率。然后浮动汇率依然受到货币当局干预的影响。当频繁发生汇率干预时这种浮动汇率被称为肮脏浮动。

FOMC 联邦公开市场委员会 - 联邦公开市场委员会通过调整美联储资金利率等来设定美国的货币供应目标。

Foreign Exchange 外汇交易 - 用一种货币买入卖出另一种货币。

Forex 外汇 - 外汇交易市场的常用简称。

Forward Outright 远期直接汇率 - 一个在未来指定时间或时期内买入或卖出外汇的承诺。报价由即期价格加上或减去所选择时期的远期点数。

Forward Rate 远期汇率 - 一种外汇交易合约,预约设定外汇汇率,指定未来某个同意的日期进行交割,基于两种货币之间利率差异。远期汇率用远期点数为单位来报价,表示远期汇率和即期汇率之间的差额。为了从实际汇率中获得远期汇率,需要从汇率上加上或减去远期点数。加上或减去远期点数是由交易包括的两种货币的存款利率之间的差额来决定。在远期市场中,融资货币有较高的利率被称为较低利率的报价外汇贴水。所以远期点数要从即期汇率中减去。同样的,融资货币利率较低则称为升水,远期点数加上即期汇率来获得远期汇率。

FX 外汇 - 外汇的简称

Fast market - Rapid movement in a market caused by strong interest by buyers and/or sellers. In such circumstances price levels may be omitted and bid and offer quotations may occur too rapidly to be fully reported.

Fed Fund Rate - The interest rate on Fed funds. This is a closely watched short term interest rate as it signals the Feds view as to the state of the money supply.

Fed - The United States Federal Reserve. Federal Deposit Insurance Corporation Membership is compulsory for Federal Reserve members. The corporation had deep involvement in the Savings and Loans crisis of the late 80s.

Federal Reserve System - The central banking system in the United States.

Fill or Kill - An order which must be entered for trading, normally in a pit three times, if not filled is immediately canceled

Fixed exchange rate - Official rate set by monetary authorities. Often the fixed exchange rate permits fluctuation within a band. Flexible exchange rate Exchange rates with a fixed parity against one or more currencies with frequent revaluations. A form of managed float.

Floating exchange rate - An exchange rate where the value is determined by market forces. Even floating currencies are subject to intervention by the monetary authorities. When such activity is frequent the float is known as a dirty float.

FOMC - Federal Open Market Committee, the committee that sets money supply targets in the US which tend to be implemented through Fed Fund interest rates etc.

Foreign Exchange - The purchase or sale of a currency against sale or purchase of another.

Forex - Term commonly used when referring to the foreign exchange market.

Forward Outright - A commitment to buy or sell a currency for delivery on a specified future date or period. The price is quoted as the Spot rate minus or plus the forward points for the chosen period.

Forward Rate - The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved. Forward rates are quoted in terms of forward points, which represent the difference between the forward and spot rates. In order to obtain the forward rate from the actual exchange rate the forward points are either added or subtracted from the exchange rate. The decision to subtract or add points is determined by the differential between the deposit rates for both currencies concerned in the transaction. The base currency with the higher interest rate is said to be at a discount to the lower interest rate quoted currency in the forward market. Therefor the forward points are subtracted from the spot rate. Similarly, the lower interest rate base currency is said to be at a premium, and the forward points are added to the spot rate to obtain the forward rate.

FX - Foreign Exchange.

G7 - The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy.

G7 7国集团 - 7个主要工业国家,包括美国,德国,日本,法国,英国,加拿大,和意大利。

G7 - The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy.

Hard currency - Any one of the major world currencies that is well traded and easily converted into other currencies.

Hard currency 硬通货 - 任何一种广泛用于交易并能轻松转换的世界主要流通货币。

Hard currency - Any one of the major world currencies that is well traded and easily converted into other currencies.

Implied Rates - The interest rate determined by calculating the difference between spot and forward rates.

Initial margin - The margin required by a Foreign Exchange firm to initiate the buying or selling of a determined amount of currency.

Inter-bank rates - The bid and offer rates at which international banks place deposits with each other. The basis of the Interbank market.

Intervention - Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.

Implied Rates 隐含利率 - 通过计算即期和远期汇率之间的差异得出的利率。

Initial margin 初始保证金 - 外汇公司规定建立买入或卖出一定数额的货币合约所需要的保证金。

Inter-bank rates 银行间利率 - 机构大银行互相之间存款的利率。银行间市场的基础。

Intervention 干预 - 中央银行通过参与市场影响它货币的价值。共同干预指的是好几家中央银行联合控制汇率。

Implied Rates - The interest rate determined by calculating the difference between spot and forward rates.

Initial margin - The margin required by a Foreign Exchange firm to initiate the buying or selling of a determined amount of currency.

Inter-bank rates - The bid and offer rates at which international banks place deposits with each other. The basis of the Interbank market.

Intervention - Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.

Leading Indicators - Statistic that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.

Leverage - The amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded (also referred to as the “lot size” or “contract value”) is $100,000 and the required margin is $2,000, the trader can trade with 50 times leverage ($100,000/$2,000).

Limit order - A request to deal as a buyer or seller for a foreign currency transaction at a specified price, or at a better price, if obtainable.

Liquidation - Any transaction that offsets or closes out a previously established position.

Liquidity - The ability of a market to accept large transactions.

Leading Indicators 领先指标 - 被认为领先经济增速变化和整体经济活动的统计指标,例如工业订单。

Leverage 杠杆 - 用倍数表示的一个数额来显示名义交易额超过所需保证金的数额。比如,如果名义交易额 (也叫做 “手数大小” 或者 “合约价值”) 是 $100,000 ,所需要的保证金是$2,000,那么交易员用的杠杆倍数是 50 倍 ($100,000/$2,000)。

Limit order 限价单 - 要求在指定价格或能获得的更好价格进行买入或卖出外汇的一种订单。

Liquidation 清算 - 任何对冲或关闭前期已建立头寸的交易。

Liquidity 流动性 - 市场接受大宗交易的能力。

Leading Indicators - Statistic that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.

Leverage - The amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded (also referred to as the “lot size” or “contract value”) is $100,000 and the required margin is $2,000, the trader can trade with 50 times leverage ($100,000/$2,000).

Limit order - A request to deal as a buyer or seller for a foreign currency transaction at a specified price, or at a better price, if obtainable.

Liquidation - Any transaction that offsets or closes out a previously established position.

Liquidity - The ability of a market to accept large transactions.

Margin call - A claim by one's broker or dealer for additional good faith performance monies usually issued when an investor's account suffers adverse price movements.

Margin - The amount of money or collateral that must be, in the first instance, provided or thereafter, maintained, to ensure against losses on open positions. Initial margin must be placed before a trade is entered into. Maintenance or Variation margin must be added to initial to maintain against losses on open positions.

Mark to market - The daily adjustment of an account to reflect accrued profits and losses often required to calculate variations of margins.

Market order - An order to buy or sell a financial instrument immediately at the best possible price.

Mid-price or middle rate - The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers.

Margin call 催缴保证金 - 一家经纪商或经销商需要额外的信用保证金的要求,通常在投资者的账户遭受极端反向价格运动时发出。

Margin 保证金 - 在一开始就必须提供的资金数额,或者在持仓过程中保持,来满足开仓头寸的浮亏。在交易建立之前就需要交纳初始保证金。持仓保证金或浮动保证金必须在开仓头寸出现浮亏后补足初始保证金。

Mark to market 按市价计算 - 对账户进行的每日调整来反应累积的浮盈或浮亏,以此计算保证金的变化。

Market order 市价单 - 一种立刻在最佳的价格买入或卖出金融产品的订单。

Mid-price or middle rate 中间价或中间汇率 - 两个价格中的中间价格,或者由做市商提供买入价和卖出价两者的平均价。

Margin call - A claim by one's broker or dealer for additional good faith performance monies usually issued when an investor's account suffers adverse price movements.

Margin - The amount of money or collateral that must be, in the first instance, provided or thereafter, maintained, to ensure against losses on open positions. Initial margin must be placed before a trade is entered into. Maintenance or Variation margin must be added to initial to maintain against losses on open positions.

Mark to market - The daily adjustment of an account to reflect accrued profits and losses often required to calculate variations of margins.

Market order - An order to buy or sell a financial instrument immediately at the best possible price.

Mid-price or middle rate - The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers.

Net Position - The amount of currency bought or sold which have not yet been offset by opposite transactions.

Net Position 净头寸 - 买入或卖出的外汇同时没有被反向操作对冲的部分。

Net Position - The amount of currency bought or sold which have not yet been offset by opposite transactions.

Offer - The price at which a seller is willing to sell. The best offer is the lowest such price available.

Offer 卖价 - 卖家愿意卖出的价格。最佳卖出价就是卖出价中最低的那个卖价。

Offer - The price at which a seller is willing to sell. The best offer is the lowest such price available.

Pip - One unit of price change in the bid/ask price of a currency or the smallest price increment in a currency. For most currencies, it denotes the fourth decimal place in an exchange rate and represents 1/100 of one percent (.01%).

Position - The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short (more currency sold than bought).

Premium - (also “interest” or “Cost of Carry”): The cost, often quoted in terms of dollars or pips per day, of holding an open position.

Pip 点 - 外汇买入/卖出价格中一个变动单位,外汇价格变动的最小单位。绝大多数外汇中,一点表示汇价小数点后第四位,表示百分之一的 1/100  (0.01%)。

Position 头寸 - 在给定外汇中的净持仓。头寸可以为平头(无敞口),多头(做多外汇多于做空),或空头(做空外汇多于做空)。

Premium 费用 - (也叫 “利息” 或者 “持仓成本”): 成本,持有一个开仓头寸通常用每天美元或点数作为报价单位。

Pip - One unit of price change in the bid/ask price of a currency or the smallest price increment in a currency. For most currencies, it denotes the fourth decimal place in an exchange rate and represents 1/100 of one percent (.01%).

Position - The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short (more currency sold than bought).

Premium - (also “interest” or “Cost of Carry”): The cost, often quoted in terms of dollars or pips per day, of holding an open position.

Quote - An indicative price. The price quoted for information purposes but not to deal.

Quote 报价 - 一个参考价格。报价给出的价格仅供参考并非成交价格。

Quote - An indicative price. The price quoted for information purposes but not to deal.

Reciprocal currency - A currency that is normally quoted as dollars per unit of currency rather than the normal quote method of units of currency per dollar. Sterling is the most common example.

Revaluation - Increase in the exchange rate of a currency as a result of official action.

Rollover - An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).

Round trip - Buying and selling of a specified amount of currency.

Reciprocal currency 反向报价汇率 - 一种用美元来表示每一单位货币的货币,而不是用单位美元来报价的通常报价方法。英镑美元是最常见的例子。

Revaluation 汇价重估 - 由于官方行动而导致的货币汇率上升。

Rollover 展期 - 一种隔夜互换,特别是指下一个交易日之后的一个交易日 (也叫做 Tomorrow Next 明日次日,缩写为 Tom-Next)。

Round trip 完整交易 - 买入和卖出特定数量的货币。

Reciprocal currency - A currency that is normally quoted as dollars per unit of currency rather than the normal quote method of units of currency per dollar. Sterling is the most common example.

Revaluation - Increase in the exchange rate of a currency as a result of official action.

Rollover - An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).

Round trip - Buying and selling of a specified amount of currency.

Settlement date - The date upon which foreign exchange contracts settle.

Short sale - The sale of a specified amount of currency not owned by the seller at the time of the trade. Short sales are usually made in expectation of a decline in the price.

Short-term interest rates - Normally the 90-day rate.

Slippage - Refers to the negative (or depreciating) pip value between where a stop loss order becomes a market order and where that market order may be filled.

Soft Market - More potential sellers than buyers, which creates an environment where rapid price falls are likely.

Spot FX - (1) The most common foreign exchange transaction generally traded on margin and often referred to as the “interbank” market. (2) Spot or Spot date refers to the spot transaction value date that requires settlement within two business days, subject to value date calculation.

Spot next - The overnight swap from the spot date to the next business day.

Spot price/rate - The price at which the currency is currently trading in the spot market.

Spread - (1) The difference between the bid and ask price of a currency. (2) The difference between the price of two related futures contracts.

Sterling - British pound, otherwise known as cable.

Stop-Loss order - Order to buy or sell at the best available price when a given price threshold has been reached.

Support levels - When an exchange rate depreciates or appreciates to a level where; (1) Technical analysis techniques suggest that the currency will rebound, or not go below; (2) the monetary authorities intervene to stop any further down ward movement.

Swap price - A price as a differential between two dates of the swap.

Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.

Settlement date 交割日 - 外汇交易合约结算的日期。

Short sale 卖空 - 卖家在建立交易时卖出非自己所有的一定数额的外汇的交易。通常在认为价格会下跌时才会建立卖空交易。

Short-term interest rates 短期利率 - 通常指90天利率。

Slippage 滑点 - 指的是在止损订单变成市价单时或市价单成交时可能发生的价格之间差额为负数(或贬值)的情况。

Soft Market 市场疲软 - 潜在的卖家多于买家,这种情况下容易发生价格快速下跌。

Spot FX 即期外汇 - (1) 最常见的外汇交易,通常是保证金交易,经常指的是“银行间”市场。 (2) 即期或即期日指的是即期交易的起息日,根据起息日计算方法,通常需要两个工作日完成交割。

Spot next 即期次日 - 即期当日和下一个工作日之间的隔夜互换利率。

Spot price/rate 即期价格 - 即期市场中外汇交易的价格。

Spread 点差 - (1) 货币买入价和卖出价之间的差价。 (2) 两种相互关联的期货合约之间的差价。

Sterling 英镑 - 英镑,也叫 cable。

Stop-Loss order 止损订单 - 当给定的价格达到时按照最佳价格买入或卖出。

Support levels 支撑位置 - 当一种汇率升值或贬值到一个价位; (1) 技术分析认为汇率会反弹或止跌; (2) 货币当局干预避免任何更进一步的下跌。

Swap price 隔夜利息价格 - 两种不同日期互换之间的差价作为价格。

Swap 隔夜利息 - 同时买入和卖出不同日期的相同数额的给定外汇,针对卖出并买入另一种。互换可以是针对远期的互换。从本质上来说,互换某种程度上来说类似借入一种货币并在相同的期限内借出另一种货币。然而,任何资金回报率或成本的不同通过交易两边的价格差价表示。

Settlement date - The date upon which foreign exchange contracts settle.

Short sale - The sale of a specified amount of currency not owned by the seller at the time of the trade. Short sales are usually made in expectation of a decline in the price.

Short-term interest rates - Normally the 90-day rate.

Slippage - Refers to the negative (or depreciating) pip value between where a stop loss order becomes a market order and where that market order may be filled.

Soft Market - More potential sellers than buyers, which creates an environment where rapid price falls are likely.

Spot FX - (1) The most common foreign exchange transaction generally traded on margin and often referred to as the “interbank” market. (2) Spot or Spot date refers to the spot transaction value date that requires settlement within two business days, subject to value date calculation.

Spot next - The overnight swap from the spot date to the next business day.

Spot price/rate - The price at which the currency is currently trading in the spot market.

Spread - (1) The difference between the bid and ask price of a currency. (2) The difference between the price of two related futures contracts.

Sterling - British pound, otherwise known as cable.

Stop-Loss order - Order to buy or sell at the best available price when a given price threshold has been reached.

Support levels - When an exchange rate depreciates or appreciates to a level where; (1) Technical analysis techniques suggest that the currency will rebound, or not go below; (2) the monetary authorities intervene to stop any further down ward movement.

Swap price - A price as a differential between two dates of the swap.

Swap - The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.

Tick - A minimum change in price, up or down.

Tomorrow next(Tom next) - Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.

Tradeable amount - Smallest transaction size acceptable.

Two Tier market - A dual exchange rate system where normally only one rate is open to market pressure, e.g. South Africa.

Tick 价格变动最小单位 - 价格变动最小单位

Tomorrow next(Tom next) 明日次日 - 买入货币明日交割的同时卖出今日即期,反之亦然。

Tradeable amount 可交易数量 - 可接受的最小交易单位。

Two Tier market 二级市场 - 一种双轨汇率系统,通常只有其中一种汇率公开作为市场参照,比如南非。

Tick - A minimum change in price, up or down.

Tomorrow next(Tom next) - Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.

Tradeable amount - Smallest transaction size acceptable.

Two Tier market - A dual exchange rate system where normally only one rate is open to market pressure, e.g. South Africa.

Uncovered - Another term for an open position.

Uncovered 未平仓 - 另一种表示已开仓头寸的术语。

Uncovered - Another term for an open position.

Value Date - For a spot transaction it is two business banking days forward in the country of the bank providing quotations which determine the spot value date. The only exception to this general rule is the spot day in the quoting centre coinciding with a banking holiday in the country(ies) of the foreign currency(ies). The value date then moves forward a day.

Value Spot - Normally settlement for two working days from today. See value date.

Value Date 起息日 - 对于现货交易或即期交易,提供报价银行所在的国家内两个银行工作日决定即期起息日。这一常规唯一的例外是报价中心的即期日期与外币国家的银行假期重叠,那么起息日顺延一天。

Value Spot 即期计价 - 通常从今天起需要两个工作日完成交割。见起息日。

Value Date - For a spot transaction it is two business banking days forward in the country of the bank providing quotations which determine the spot value date. The only exception to this general rule is the spot day in the quoting centre coinciding with a banking holiday in the country(ies) of the foreign currency(ies). The value date then moves forward a day.

Value Spot - Normally settlement for two working days from today. See value date.


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