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Mark Barton lost $105,000 day trading and he snapped. On July 27, 1999, he bludgeoned his wife and two children to death. Then he went to the downtown Atlanta offices of Momentum Securities, a brokerage firm that specialized in working with day traders. He had an appointment to deliver  $50,000 so that he could cover his losses and start trading again. Instead, he took out a gun, opened fire, and killed four people. He then went to the offices of Alltech Investment Group, another daytrading firm where he had an account, and killed another five people. Barton killed himself before he was arrested.


Forex Tips

Forex market can often act as a clever, frightening and a somewhat wicked enemy at times too. This is exactly why every move in the Forex trading market should be a planned and organized move. You, as a trader should never be unprepared when inside the trading system once. With such a volatile market as the Forex, anything can happen anytime. In the world of Forex market, the first thing that can go against you while trading is your over confidence to win.

Forex Dictionary

English (166 terms) Explanation
"Hit The Bid" Acceptance of purchasing at the offer or selling at the bid.
Accrual The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (Interest Arbitrage) deals , over the period of each deal.
Aggregate RiskTotal amount of exposure a bank has with a customer for both spot and forward contracts.
American Option An option which may be exercised at any valid business date through out the life of the option.
Appreciation A currency is said to 'appreciate' when it strengthens in price in response to market demand.
Arbitrage The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.
Around Used in quoting forward "premium / discount".
Ask (Offer) Price The price at which the market is prepared to sell a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.4527/32, the ask price is 1.4532; meaning you can buy one US dollar for 1.4532 Swiss francs.
Asset In the context of foreign exchange is the right to receive from a counterparty an amount of currency either in respect of a balance sheet asset (e.g. a loan) or at a specified future date in respect of an unmatched forward Forward or spot deal.
At Best An instruction given to a dealer to buy or sell at the best rate that can be obtained.
At Par Forward Spread When the forward price is equivalent to the spot price.
At or Better An order to deal at a specific rate o better.
At the Price Stop-Loss Order A stop-loss order that must be executed at the requested level regardless of market conditions.
At-the-Money An option whose strike/exercise price is equal to or near the current market price of the underlying instrument.
Auction Sale of an item to the highest bidder. (1) A method commonly used in exchange control regimes for the allocation of foreign exchange. (2) A method for allocating government paper, such as US Treasury Bills. Small investors are given preferential access to the bills. The average issuing price is then computed on the basis of the competitive bids accepted. In some circumstances for government auctions it is the yield rather than the price which is bid.
Average Rate Option A contract where the exercise price is based on the difference between the strike price and the average spot rate over the contract period. Sometimes called an "Asian option".
Back to Back (1) Transaction where all the obligations and liabilities in one transaction are mirrored in a second transaction. (2) Transaction where a loan is made in one currency in one country against a loan in another country in another currency.
Balance of Payments A systematic record of the economic transactions during a given period for a country.(1) The term is often used to mean either: (i) balance of payments on "current account"; or (ii) the current account plus certain long term capital movements.(2) The combination of the trade balance, current balance, capital account and invisible balance, which together make up the balance of payments total. Prolonged balance of payment deficits tend to lead to restrictions in capital transfers, and or decline in currency values.
Balance of Trade The value of a country's exports minus its imports.
Bar Chart A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and the closing price, which is marked with a little horizontal line of the right of the bar.