Bank Rate – The rate which a country’s Central Bank lends money to commercial banks.
TRADING GLOSSARY
Base Currency – The first currency quoted in a currency pair within the Forex Market. It is also typically considered the domestic currency or accounting currency. A firm may use the base currency to represent all profits and losses.
Breakout – A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Forex Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.
Bretton Woods – The Bretton Woods conference, attended by representatives of 44 nations in July 1944, was tasked with rebuilding the global economic system after World War II. It set up a system of rules and regulations governing trade and a static, global economic policy and created agencies like the International Moentary Fund (IMF) [...]
Broker – The market participating body which serves as the middleman between retail traders and larger commercial institutions.
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