Forex Terms Letters G,H and I

A-C

D-F

G-I

J-L

M-O

P-S

T-Z

Forex Terms beginning with letter J

J Curve : A term describing the expected effect of a devaluation on a country's trade balance. It is anticipated that import bills rise before export orders and receipts increase.
Jobber: A trader who trades for small, short-term profits during the course of a trading session, rarely carrying a position overnight.

Forex Terms beginning with letter k

Kiwi : Slang for the New Zealand dollar.
Knock In : A process where a barrier option (European) becomes active as the underlying spot price is in the money.
Knock Out : has a corresponding meaning although the option may permanently cease to exist.

Forex Terms beginning with letter L

Lay Off : To carry out a transaction in the market to offset a previous transaction and return to a square position.
LDC : Less developed countries, often used with respect to secondary debt market.
Leading Indicators : Statistics that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.
Leads and Lags : The effect on foreign trade payments of an anticipated move in the exchange rate, normally a devaluation. The importers speeden up the payment for the imports and exporters delay recieving payment for the exports.
Liability : In terms of foreign exchange, the obligation to deliver to a counterparty an amount of currency either in respect of a balance sheet holding at a specified future date or in respect of an un-matured forward or spot transaction.
LIBOR (London Inter Bank Offer Rate) : British Bankers' Association average of interbank offered rates for dollar deposits in the London market based on quotations at 16 major banks. Effective rate for contracts entered into two days from date appearing.
LIFFE : London International Financial Futures Exchange.
Limit Order Reserved Day Trading Deal : An order to perform a Day Trading deal at a rate pre-defined by the customer, when and if such rate comes up in real market time. The Limit rate is superior to the existing rate at the time of reservation. The reservation order lasts for a period defined by the customer, and is associated by the necessary collaterals to facilitate the potential Day Trading deal, when and if activated, under the pre-defined terms.
Limit Order: An order to execute a transaction at a specified price (the limit) or better. A limit order to buy would be at the limit or lower, and a limit order to sell would be at the limit or higher.
Limited Convertibility : When residents of a country are prohibited from buying other currencies even though non-residents may be completely free to buy or sell the national currency and the foreign institutional investors also have the liberty to buy and sell shares on the stock exchange of that country.
Liquidation : Any transaction that offsets or closes out a previously established position.
Liquidity : The ability of a market to accept large transactions without having any major impact on the interest rates.
Liquidity: Refers to the relationship between transaction size and price movements. For example, a market is "liquid" if large transactions can occur with only minimal price changes.
Long : A market position where the Client has bought a currency they previously did not own. For example: long Dollars.
Long Position: In foreign exchange, when a currency pair is bought, it is understood that the primary currency in the pair is 'long', and the secondary currency is 'short'.

Forex Terms: Back<<>>Forward

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