Deal
Another name for a trade: any FX transaction. The most common deal is a spot contract, while others include forward contracts, window forwards, limit orders, stop-loss orders and FX swaps.
Related terms
Spot Contract
A contract for buying or selling currency at the current market rate, with delivery usually within two business days. It is the immediate purchase or sale of a financial instrument at the prevailing price.
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An agreement to exchange a set amount of one currency for another at a fixed rate on a future date. It locks in today’s rate, protecting a business from adverse currency moves before a payment falls due.
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The simultaneous purchase and sale of the same amount of a currency for two different value dates, typically a near leg at spot and a far leg forward. It is used to roll a hedge forward or manage short-term cash-flow timing.
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Aggressive
A description of traders and/or price action acting with conviction.
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The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
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An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
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A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
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Traders who expect prices to rise and who may be holding long positions.
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