USD/ZAR - US Dollar South African Rand
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A list of professional terms of any sphere is the main instrument for users. Special words help to avoid misunderstanding while working process. They economize time and make life much easier. Besides, proper lexicon assists in creating the specific atmosphere of professionalism, thus making people concentrate on their job to the max. Foreign exchange market is a kind of science full of particular words. Many of them are shortened on purpose because events happen so fast and there is no time to read or pronounce long sentences.
That is why there are abbreviations Forex is so fond of. For convenience financial market vocabulary can be divided into 3 categories. Some words migrate from one section to another.
Making such deals a trader gets a smaller spread, more liquidity and more available information concerning the market events. The first currency in the currency pair. It stands for showing the ratio of the first currency towards the second one. Main exceptions to the rule are British pound, Australian dollar and euro. It is a financial year of a company, i. An indicator shows the current changes of price depending on its middle index for a particular period of time.
In conclusion, it is worth saying that the majority of specialists like shortening terms, because it makes their job more productive and easier especially monetary abbreviations. Moreover, many languages borrow professionalisms from the English language thus making Forex lexicon as international as the market itself is.
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Categories of FX shortenings For convenience financial market vocabulary can be divided into 3 categories. Forex trading abbreviations contracted forms used for main financial terms Short form Full form Meaning of the term FX Foreign exchange It is an international stock market.
Q Abbreviation for quarter It is a period of time 3 months. BC Base currency The first currency in the currency pair. FY fiscal year abbreviation It is a financial year of a company, i. SLO Sell limit order It is a time-limited order to sell an instrument. GDP Gross domestic product It is term indicators trading binary short strategies options for and more forex rates sa rand total market price of all products and services calculated in one country for a year.
SA Seasonally adjusted To even swings in periods experts calculate statistics and adjust changes to specific seasons. May June July Aug. Abbreviations for months of the year Commonly recognized contractions of calendar months.
CCI Commodity Channel Index An indicator shows the current changes of price depending on its middle index for a particular period of time. BP Basis Point A measure item for rates, ranges and other percentages.
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Forex for beginners Forex trading articles Forex strategies Technical analysis. Currencies exchange rates Currency converter Forex economic calendar. It is a total market price of all products and services calculated in one country for a year. To even swings in periods experts calculate statistics and adjust changes to specific seasons.