Forex Definitions, Terms, Abbreviations, and Acronyms
Here you'll find the most important definitions, terms, and abbreviations you'll come across in the Forex business.If you're just setting your first steps into the world of Forex trading I suggest you check out the Important Forex Concepts Section first and bookmark or print this page for future reference.
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FOREX = Foreign Exchange; currency trading Forex, also referred to as 4X or FX, stands for Foreign Exchange. This is the name of the financial trading market that involves the trading of Currencies. The Foreign Exchange Market is made up of banks and brokerage firms who are connected over an electronic network that allows them to convert the currencies of most countries in the world. |
| Acronyms / Abbreviations | |
| Term | Meaning |
| Forex | Foreign Exchange; Currency Trading |
| 4X | Popular short-term for Forex |
| FX | Popular short-term for Forex |
| CDL | Candlestick Chart (Often used bar-chart in Forex Trading) |
| EZ | Euro Zone |
| FXCM | Forex Capital Markets |
| GFT | Global Forex Trading |
| LOTN | Live on the News |
| OCHL | Opening, Closing, High and Low |
| OFT | Ophir Forex Trading |
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