forex glossary

LEARN ALL ABOUT CURRENCY TRADING!

Check our forex glossary in order to understand common words, phrases and terms used by forex traders.

Forex glossary

To limit your trades due to inclement trading conditions. In either choppy or extremely narrow markets, it may be better to stay on the sidelines until a clear opportunity arises. 

Nickname for NZD/USD. 

Option strategy that requires the underlying product to trade at a certain price before a previously bought option becomes active. Knock-ins are used to reduce premium costs of the underlying option and can trigger hedging activities once an option is activated. 

Option that nullifies a previously bought option if the underlying product trades a certain level. When a knock-out level is traded, the underlying option ceases to exist and any hedging may have to be unwound.

Know Your Customers. An obligation on companies to know the identity, experience and requirements of their customers.

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