{"id":88985,"date":"2016-05-08T07:21:05","date_gmt":"2016-05-08T11:21:05","guid":{"rendered":"http:\/\/countingpips.com\/?p=88985"},"modified":"2016-05-02T07:21:41","modified_gmt":"2016-05-02T11:21:41","slug":"forex-trading-terms-and-abbreviations","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/forex-trading-terms-and-abbreviations\/","title":{"rendered":"Forex trading terms and abbreviations"},"content":{"rendered":"
May 8, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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Dear Traders,<\/p>\n

We professional traders are very fond of using different terms and abbreviations that you probably haven’t heard of before.<\/p>\n

For example – let me ask you a simple question.<\/p>\n

What does Forex stand for?<\/p>\n

The answer is Foreign Exchange.<\/p>

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And FX is an abbreviation of Forex and therefore the same definition.<\/p>\n

Traders simply don’t use full words for anything related to the Forex market.<\/p>\n

Yet there’s many different terms within the Forex trading industry, that you need to be fully aware of and understand.<\/p>\n

One of these is being able to instantly tell which currencies have been paired together, when you are planning to trade one currency against another.<\/p>\n

You are probably already aware of the acronyms for the major worldwide currencies like US Dollar, Euro and Sterling Pound.<\/p>\n

But what about the wider array of other currencies?<\/p>\n

In Admiral Markets trader’s glossary<\/a> you can read the meanings, abbreviations and acronyms behind a huge number of terms whenever you choose.<\/p>\n

But that’s not all folks.<\/p>\n

In this post you will find an alphabetical list of the most important abbreviations, slang and shorthand in Forex.<\/p>\n

List of most used Forex abbreviations<\/h2>\n
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  • 10 Yr – US 10 year Note<\/li>\n
  • 30 Yr – US 30 year Bond<\/li>\n
  • ADX – Average Directional Index (technical indicator)<\/li>\n
  • ATR – Average True Range (technical indicator)<\/li>\n
  • AUD – Australian Dollar (ISO code)<\/li>\n
  • BB – Bollinger Bands (technical indicator)<\/li>\n
  • BE – Breakeven<\/li>\n
  • BoC – Bank of Canada<\/li>\n
  • BoE – Bank of England<\/li>\n
  • BoJ – Bank of Japan<\/li>\n
  • BP – Basis Point<\/li>\n
  • CAD – Canadian Dollar (ISO code)<\/li>\n
  • CBOT – Chicago Board of Trade<\/li>\n
  • CCI – Commodity Channel Index (technical indicator); also Consumer Confidence Index (economic indicator)<\/li>\n
  • CFA – Chartered Financial Analyst<\/li>\n
  • CFD – Contract For Difference<\/li>\n
  • CFTC – Commodity Futures Trading Commission (regulatory)<\/li>\n
  • CHF – Swiss Franc (Confederation Helvetia Franc)<\/li>\n
  • CME – Chicago Mercantile Exchange<\/li>\n
  • CNY – Chinese Yuan (ISO code)<\/li>\n
  • COT – Commitments of Traders (market report)<\/li>\n
  • CPI – Consumer Price Index (economic indicator<\/li>\n
  • CSI – Commodity Selection Index (technical indicator)<\/li>\n
  • CTA – Commodity Trading Advisor<\/li>\n
  • DD – Drawdown also Due Diligence also Dealing Desk see NDD<\/li>\n
  • DJIA – Dow Jones Industrial Average<\/li>\n
  • EA – Expert Advisor<\/li>\n
  • ECB – European Central Bank<\/li>\n
  • ECN – Electronic Communication Network; also Electronic Currency Network<\/li>\n
  • EMA – Exponential Moving Average (technical indicator)<\/li>\n
  • ETF – Exchange Traded Fund<\/li>\n
  • EUR – Euro (ISO code)<\/li>\n
  • EW – Elliott Wave (theory)<\/li>\n
  • FA – Fundamental Analysis<\/li>\n
  • FCM – Futures Commission Merchant<\/li>\n
  • FDM – Forex Dealer Member<\/li>\n
  • Fed – Federal Reserve System<\/li>\n
  • FF – Forex Factory<\/li>\n
  • FIFO – First In, First Out<\/li>\n
  • FOMC – Federal Open Market Committee<\/li>\n
  • FX – Foreign Exchange<\/li>\n
  • GBP – Great Britain Pound Sterling (ISO code)<\/li>\n
  • GDP – Gross Domestic Product (economic indicator)<\/li>\n
  • GMT – Greenwich Mean Time<\/li>\n
  • HH – Higher High (chart)<\/li>\n
  • HL – Higher Low (chart)<\/li>\n
  • IB – Introducing Broker; also Interbank; also Interactive Brokers; also Inside Bar<\/li>\n
  • IMF – International Monetary Fund<\/li>\n
  • ISO – International Organization for Standardization<\/li>\n
  • JPY – Japanese Yen (ISO code)<\/li>\n
  • LONG – A position purchasing a particular currency against another currency<\/li>\n
  • LH – Lower High (chart)<\/li>\n
  • LL – Lower Low (chart)<\/li>\n
  • LWMA – Linearly Weighted Moving Average (technical indicator)<\/li>\n
  • MT4 – MetaTrader Version 4.00 (trading platform)<\/li>\n
  • MA – Moving Average (technical indicator)<\/li>\n
  • MACD – Moving Average Convergence Divergence (technical indicator)<\/li>\n
  • MM – Market Maker also Money Management<\/li>\n
  • MTF – Multiple Time Frame<\/li>\n
  • NASDAQ – National Association of Securities Dealers Automated Quotation<\/li>\n
  • NDA – Non-Disclosure Agreement<\/li>\n
  • NDD – Non Dealing Desk<\/li>\n
  • NFA – National Futures Association (regulatory)<\/li>\n
  • NFP – Non-Farm Payroll (economic indicator)<\/li>\n
  • NYSE – New York Stock Exchange<\/li>\n
  • NZD – New Zealand Dollar (ISO code)<\/li>\n
  • OCO – One-Cancels-the-Other (order type)<\/li>\n
  • OHLC – Open, High, Low, Close (chart)<\/li>\n
  • OTC – Over-the-Counter<\/li>\n
  • P&F – Point and Figure (chart)<\/li>\n
  • PA – Price Action<\/li>\n
  • PB – Pin Bar abbreviation of Pinocchio Bar (chart)<\/li>\n
  • PIP – Price Interest Point also Performance Index Paper<\/li>\n
  • PP – Pivot Point<\/li>\n
  • PPI – Producer Price Index (economic indicator)<\/li>\n
  • PPZ – Price Pivot Zone<\/li>\n
  • PSAR – Parabolic Stop and Reversal (technical indicator)<\/li>\n
  • Quant – Quantitative Analysis<\/li>\n
  • R\/R – Risk\/Reward (ratio)<\/li>\n
  • RSI – Relative Strength Index (technical indicator)<\/li>\n
  • RVI – Relative Vigor Index (technical indicator)<\/li>\n
  • SAR – Stop and Reversal<\/li>\n
  • SEC – Securities and Exchange Commission (regulatory)<\/li>\n
  • SHORT – To sell a currency<\/li>\n
  • SL – Stop Loss (order)<\/li>\n
  • SMA – Simple Moving Average (technical indicator)<\/li>\n
  • SMMA – Smoothed Moving Average (technical indicator)<\/li>\n
  • S&P – Standard & Poor’s<\/li>\n
  • S\/R – Support\/Resistance<\/li>\n
  • Stoch – Stochastic Oscillator (technical indicator)<\/li>\n
  • STP – Straight Through Processing<\/li>\n
  • TA – Technical Analysis<\/li>\n
  • TF – Time Frame<\/li>\n
  • TL – Trend Line<\/li>\n
  • TP – Take Profit (order)<\/li>\n
  • TS – Trailing Stop (order)<\/li>\n
  • TSI – True Strength Index (technical indicator)<\/li>\n
  • USD – United States Dollar (ISO code)<\/li>\n
  • USDX -United States Dollar Index (ISO code)<\/li>\n
  • UTC – Universal Time, Coordinated<\/li>\n
  • WB – World Bank<\/li>\n
  • XAG – Silver (ISO code)<\/li>\n
  • XAU – Gold (ISO code)<\/li>\n<\/ul>\n

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    Forex currency pairs slang<\/h2>\n

    Traders also often simplify currency pair names using nicknames. The use of jargon is common amongst professionals that deal with something everyday, or even every hour and minute. It’s a simplification and familiarisation – like talking to your friend Timothy as Tim.<\/p>\n

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    • EUR\/USD – Euro or Fiber<\/li>\n
    • EUR\/JPY – Yuppy<\/li>\n
    • GBP\/USD – Pound or Cable<\/li>\n
    • AUD\/USD- Aussie or Ozzie<\/li>\n
    • EUR\/GBP – Chunnel<\/li>\n
    • USD\/CAD – Caddy, Loonie, The Funds or Beaver<\/li>\n
    • USD\/CHF – Swissy<\/li>\n
    • USD\/JPY – Yen or Ninja<\/li>\n
    • GBP\/JPY – Geppy, Dragon or Beast<\/li>\n
    • NZD\/USD – Kiwi<\/li>\n<\/ul>\n

      So where did all these pairs get their names from?<\/p>\n

      Check out the video below, where I try to explain the origins of Forex slang.<\/p>\n