FOREX BASIC TERMINOLOGY

In order to become a successful trader, it is vital to understand the basic Forex terminology, which at times may be misleading.
Gearing
Also known as margin trading. A term used to in the relationship of actual equity versus controlling equity.
Group of Five (G5)
The G5 are five leading industrial nations (France, Japan, Germany, the UK and US), which meet from time-to-time to discuss common economic problems.
Group of Seven (7)
The G7 are 7 leading non-communist industrial nations composed of G5 plus Canada and Italy.
Group of Ten (G10)
The G10 is also known as The Paris Club which includes Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, UK and US. These nations signed an accord in 1962 to increase the fund available to the IMF and aid member countries with balance-ofpayments difficulties.
Goldilocks Economy
A term coined back in the mid-1902 to describe an economy that was not too hot and not too cold. This typically describes an economy that enjoyed steady growth with nominal rate of inflation.
Good 'til Cancelled (GTC)
An order to buy or sell at a specified price. This order remains open until filled or until the client cancels.

PACKED WITH THE KNOWLEDGE OF THE BASIC TERMS, YOU ARE ONE STEP AHEAD IN MAKING YOUR TRADING JOURNEY A PROSPEROUS ONE.