| Authorized Forex Dealer History and Membership Requirements | An authorized forex dealer is any financial institution that has received approval from a regulatory body to act as a dealer for the act of buying and selling currencies. |
| Base Currency Definition | The base currency is the first currency quoted in a currency pair. The base currency is often referred to as the parent currency and exchange rates are quoted in per unit of the base currency. |
| Big Figure In Forex Exchange Quotes | The big figure is the stem, or whole dollar price, of a quote, often used in reference to foreign currencies or money markets. It references the non-pip portion of the price quote. |
| Blocked Currency Definition | A blocked currency is primarily used for domestic transactions and is not traded on the Forex. |
| Cross Rate - Exchange Rate Between Two Currencies | The cross rate is the currency exchange rate between two currencies, where neither of the currencies are of the country in which the exchange rate is given. |
| Currency Basket - Benchmark for Regional Currencies | A currency basket is basically the mutual fund for currencies. |
| Currency Carry Trade Definition & Trading Strategy | The currency carry trade is created by simply borrowing funds at a low rate and investing these funds into higher yielding assets. |
| Currency Swap - Agreement to Exchange a Currency in the Future | A currency swap is an agreement between two parties to exchange a currency after a specified period of time. |
| Euro Libor Definition | The Euro Libor is the Libor rate denominated in Euros. |
| Eurodollar | Eurodollars are U.S dollar denominated time deposits held in foreign bank accounts |
| Exotic Currency - Definition | Exotic Currency is a thinly traded currency. Examples of an exotic currency would be the Iraqi dinari or the Uruguay peso. |
| Forex Arbitrage Definition & Trading Example | Forex arbitrage is a trading strategy where a forex trader attempts to make small gains in a short period of time by exploiting the pricing inefficiencies of the currency pairs. |
| Forex Market - Beginners Guide | Learn about the basics of the Forex market before you begin trading. Define your Forex trading strategy and broker. |
| Forex Mini Trading & Margin Requirements | A forex mini account is a type of brokerage account capable of buying and selling a contract on forex at one-tenth the size of a standard lot. |
| Forex Trading Hours & Major Trading Blocks | The forex market trades 24 hours a day 5 days a week. There are four primary time brackets where the majority of trading on the forex takes place. |
| Forex Trading Introduction | Forex trading involves trading currency pairs involving the currency of the largest countries in the world. |
| US Dollar Currency | The US dollar is the currency of the United States. It is currently in a multi year bear market. |
| What is A PIP on the Forex Market? | PIP is an acronym for percentage in points. This percentage in point represents the smallest value of measurement for currencies on the Forex market. |
| Why Does the Forex Trade 24 Hours a Day? | The forex trades 24 hours per day due to the high demand for the market. |
| Xenocurrency | A xenocurrency is a currency which trades outside of its home country. |
