Order Book
A list of orders for a specific market, recorded by an exchange to measure market depth and the interest of buyers and sellers at prices beyond the best available.
Related terms
Market Maker
A dealer who regularly quotes both bid and ask prices and is ready to make a two-sided market for any financial product.
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The extent to which information on trading quantities, bid prices and ask prices is available to all participants, so everyone operates with the same information. Higher transparency supports better investment decisions and lowers barriers to entry.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
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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