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Average Rate

An exchange rate that is calculated as a simple or weighted average of either current (spot) or historical exchange rate....

Currency Pair

The two currencies that are involved in a FOREX transaction: a base currency and a quote currency. The first currency...

Callable PRDC Note

A power reverse dual currency note (PRDC note) that gives the issuer (a bank, for example) the right to call…

ECN Broker

A broker who provides retail traders with direct access to FOREX markets via an electronic communication network (ECN). That is,...

Points Forward Delta

The ratio of the change in the future value (FV) of an option to the change in a forward contract...

Pips Forward Delta

The ratio of the change in the future value (FV) of an option to the change in a forward contract...

Fear of Missing Out

Broadly, it describes a situation where people get under pressure of the mere notion of missing out on an opportunity....

FOMO

It stands for fear of missing out; broadly, it describes a situation where people get under pressure of the mere...

Hold on for Dear Life

A piece of advice that a holder of an asset (e.g., a currency, a crypto, etc.) should ignore what happens...

HODL

An abbreviation for hold on for dear life; a piece of advice that a holder of an asset (e.g., a...