The FXDD Account Statement Report provides the customer with all debits, credits, trading confirmations and other activity that occurs in the customer's account over a specified period of time. The current value of a customer's account given the amount of money deposited, changes as a result of profits and losses from existing and closed out positions, credits and debits from daily rollovers , and charges such as commissions, transfer fees or bank related fees if applicable.
Total demand for goods and services in the economy. It includes private and public sector demand for goods and services within the country and the demand of consumers and firmsin other countries for good and services. Total supply of goods and services in the economy from domestic sources including imports available to meet aggregate demand.
The simultaneous purchase and sale of on different markets, of the same or equivalent financial instruments to profit from price or currency differentials. Dividing funds among different investment alternatives in order to attempt to achieve diversification or maximum return. A third party to which Customer grants trading authority or control over a Customer's Account.
FXDD does not, by implication or otherwise, endorse or approve of the operating methods of the Authorized Agent. FXDD shall not be responsible with respect thereto. A systematic record of the real economic transactions during a given period for a particular country. Countries are either in a balance of payment excess or balance of payment deficit.
Prolonged balance of payment deficits could lead to restrictions in capital transfers, and or decline in currency values. In general terms, the value of exports less imports for a particular country.
A balance of trade deficit is when a country imports more than it exports. A balance of trade surplus is when a country exports more than it imports.
If a country is in a prolonged trade deficit condition, the currency versus its trading partners should decline or weaken making the cost of imports more expensive and exports cheaper for the trading partners. Any day that commercial banks are open for business in the financial center of the country whose currency a position is taken.
The Bank of England is the central bank for the United Kingdom. It has a wide range of responsibilities, similar to those of most central banks around the world. For example, it acts as the government's bank and the lender of last resort, it issues currency and, most importantly, it oversees monetary policy. The first currency in a currency pair. When entering a contract with FXDD, the base currency remains constant at a contracted lot value amount.
A term used predominantly in the UK for the rate used by banks to calculate the interest rate charged to borrowers. Top quality borrowers will pay a small amount over base rate while lesser quality credits will pay a rate much higher than the base rate. A situation whereby there exists a prolonged period of generally falling prices for a particular investment product.
The condition in the market where investors or traders who are short an investment product are forced to cover their position because a rising market condition, has inflicted losses on the account. The execution of an order at the next available price taking into consideration the volume available to buy or sell at that price and the quantity and volume of orders that precede the customer's order.
Term used to describe a sudden or rapid fall in instruments pricing away from a consolidated range. An agent who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Any day on which commercial banks are open for business other than Saturday or Sunday in the principal financial center of the country in whose currency a position is taken.
Specifies the highest price at which the purchase of the Base Currency in a Currency Pair can be executed. The buy stop order, once triggered, becomes a market order to buy at the current market price.
The currency abbreviation or currency symbol for the Canadian dollar CAD. CAD is considered to be a benchmark currency, meaning that many central banks across the globe keep Canadian dollars as a reserve currency. Normally refers to an exchange transaction contracted for settlement on the day the deal is struck. A bank, which is responsible for controlling a country's or region's monetary policy. The act by which a central bank or central banks enter the spot foreign exchange market and attempt to influence unbalanced supply and demand forces through the direct purchase or sale of foreign exchange.
An individual who studies graphs and charts of historical data in an attempt to find trends that will help predict the direction and magnitude of a particular investment product. Released by the government once a month. This economic indicator is potentially market moving and measures the sale of retail goods over a particular time period. An FXDD account holder. The Customer can be an Individual, Money Manager, corporate entity, trust account, joint account owner, or any legal entity that has an interest in the value of the account.
A transaction that is opposite in direction and magnitude to an existing position that has been the effect of realizing a gain or loss. A federal agency which regulates commodity futures and options, foreign exchange and swaps in the United States. Monthly measure of the change in the prices of a defined basket of consumer goods including food, clothing, and transport. Countries vary in their approach to rents and mortgages. The contracted amounts are determined by the foreign exchange rate to which the two parties contract.
The foreign banks representative who regularly performs services for a bank which has no branch in the relevant center, e. The second currency in a currency pair. The risk attached to a transaction by virtue of its association to a particular country.
This involves examination of economic, political and geographical factors of a particular country. A spot contract to purchase or sell one foreign currency in exchange for another specific foreign currency. The currencies exchanged are not the US Dollar. The single point in time that signifies the end of that Business Day. Speculators who take positions in investment products, which are then liquidated prior to the close of the same trading day.
A listing of all the deals that were executed over a specified time period, usually the trading day. Dealers trade for their own account and risk. FXDD offers demo trading platforms.
The demo trading platforms allow prospective FXDD customers to get used to the trading platform's features without risking their capital by executing contracted trades. Since the platform does not involve actual deals or contracts, any profit or loss generated by using the platform do not accrue nor are they an obligation of the demo customer. It is strictly for demonstration purposes only. A measure of the size of volume available for transaction purposes for a particular currency pair at a specific point in time.
All the information required to finalize a foreign exchange transaction, i. The deliberate downward adjustment of a currency against its fixed parities or bands, normally initiated by a formal announcement by a country. An indicator frequently used in technical analysis showing the average value of a security's price over a set period. Moving averages are generally used to measure momentum and define areas of possible support and resistance.
The term used by FXDD representative to indicate that a verbal deal has been executed and is now a binding deal. A calendar used by Forex traders to track the release, forecast and results of potentially market moving economic indicators. A calendar used by traders for the purpose of tracking the occurrence of market-moving events. Investors will research the date and time of a specific event and pay close attention to the announcement because of the high probability that it will affect the direction of the market.
In the Euro Interbank deposit market where both bid and offer rates for a particular period are the same. The central bank responsible for the monetary system of the European Union EU and the euro currency. The bank was formed in Germany in June and works with the other national banks of each of the EU members to formulate monetary policy that helps maintain price stability in the European Union.
A physical location where instruments are traded and often regulated. A system of controlling inflows and out flows of foreign exchange, devices include licensing multiple currencies, quotas, auctions, limits, levies and surcharges.
An economic indicator of both the number and prices of existing single-family homes, condos and co-op sales over a one-month period. The existing home sales report is released monthly by the U. National Association of Realtors. It is a lagging indicator as it tends to react after a change in mortgage rates. In such circumstances rates or prices may not be readily available to customers until orderly markets resume. The short term overnight rate pegged by the Federal Reserve Bank used to conduct monetary policy and money supply in the United States economy.
Also known as the FOMC. The body of individuals that decide the course of monetary policy that will be conducted in United States. Both rates are influential in controlling levels of money supply and economic activity in the United States.
The board of the Federal Reserve System , appointed by the US President for 14 year terms, one of whom is appointed for four years as chairman. Membership of the Fed is compulsory for banks chartered by the Comptroller of Currency and optional for state chartered banks. A deal that has been executed on behalf of a Customer's Account given a Customer's Order.
Once filled, an Order cannot be canceled, amended or waived by Customer. A verbal price given in response to a request for a firm rate at which the quoting party is willing to execute a deal for a reasonable amount for spot settlement. The monthly calendar dates similar to the spot. There are two exceptions. For detailed description see value dates. Official rate set by monetary authorities.
Often the fixed exchange rate permits fluctuation within a band. A method of determining rates by normally finding a rate that balances buyers to sellers. Such a process occurs either once or twice daily at defined times.
Used by some currencies particularly for establishing tourist rates. An exchange rate where the value is determined by market forces.More...