Below is a glossary of terms that are used in the online trading industry. Select the first letter of the word you are seeking from the list above to jump to the appropriate section of the glossary.
The exchange of one currency unit against another currency unit. The currency that is quoted (=denominator) is referred to as the base currency and the currency used as reference is called the counter currency or quote currency (=numerator). The result of a currency pair is its exchange rate. Click here to see a complete list of currency pairs available for trading.