BASE CURRENCY
Base Currency, also known as denominator, is the first currency in the currency pair while the second one is called the quoted currency. The quoted currency's value is expressed using the terms of one unit based on the base currency. for example, in euro/dollar currency pair, the dollar's value is quoted in terms of 1 euro. While in a CAD/USD, the USD's value is expressed in terms of 1 CAD.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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SEE FOREX TUTORIAL
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Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
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Students, How Much Can You Afford to Borrow?
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