Forex Trading Abbreviations (Full List)

A list of professional terms of any sphere is the main instrument for users. Special words help to avoid misunderstanding while working process. They economize time and make life much easier. Besides, proper lexicon assists in creating the specific atmosphere of professionalism, thus making people concentrate on their job to the max.

Foreign exchange market is a kind of science full of particular words. Many of them are shortened on purpose because events happen so fast and there is no time to read or pronounce long sentences. That is why there are abbreviations Forex is so fond of.

Categories of FX shortenings

For convenience financial market vocabulary can be divided into 3 categories. Some words migrate from one section to another.

Forex trading abbreviations (contracted forms used for main financial terms)

Short form

Full form

Meaning of the term

FX

Foreign exchange

It is an international stock market.

ECN-broker

Electronic Communication Network broker

Such broker provides with clients’ output of applications on the interbank level, using the system ECN. Making such deals a trader gets a smaller spread, more liquidity and more available information concerning the market events.

Mln, bln, tln

Millions, billions, trillions

 

OTC market

Over the counter market

This combination is used for the deals, concluded outside of the market.

Q

Abbreviation for quarter

It is a period of time (3 months).

WTO

World Trade Organization

More than 120 countries gathered together to regular international trade.

BC

Base currency

The first currency in the currency pair. It stands for showing the ratio of the first currency towards the second one. For example: USD/RUR 70,6414 mean that 1 dollar = 70, 6414 rubles. Main exceptions to the rule are British pound, Australian dollar and euro.

FY

fiscal year abbreviation

It is a financial year of a company, i.e. twelve months, which the company chooses for book-keeping.

SLO

Sell limit order

It is a time-limited order to sell an instrument.

STP

Straight through processing

In this model a broker’s company takes a role of a middleman between a client and a liquidity provider.

GDP

Gross domestic product

It is a total market price of all products and services calculated in one country for a year.

SA

Seasonally adjusted

To even swings in periods experts calculate statistics and adjust changes to specific seasons.

ECB

European Central Bank

 

RBA

Reserve Bank of Australia

 

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Abbreviations for months of the year

Commonly recognized contractions of calendar months.

JA

FE

MR

AL

MA

JN

JL

AU

SE

OC

NO

DE

Canadian months shortening

January

February

March

April

May

June

July

August

September

October

November

December

MACD

Middle Average Convergence/Divergence

One of the FX indicators based on crossing and calculating moving averages.

RSI

Relative Strength Index

Another indicator that analyze a trend’s strength and forecast its changes.

CCI

Commodity Channel Index

An indicator shows the current changes of price depending on its middle index for a particular period of time.

BP

Basis Point

A measure item for rates, ranges and other percentages.

Forex country abbreviations (There are just several commonly used shortenings of the countries’ names)

AT

Australia

VE

Venezuela

DE

Germany

HK

Hong Kong

DK

Denmark

CA

Canada

CN

China

MX

Mexico

NZ

New Zealand

GB

United Kingdom

US

United States

CH

Switzerland

JP

Japan

Forex currency abbreviation list

Abbreviations for currency

Full name

Country

USD

American dollar

USA

EUR

European currency

European contries

CAD

Canadian dollar

Canadian currency

NOK

Norwegian Krone

Norway

AUD

Australian dollar

Australia

HKD

Hong Kong dollar

Hong Kong

 

Chinese yuan

Chinese currency

JPY

Japanese yen

Currency of Japan

GBP

Great Britain pound

Brittish currency

CHF

Swiss franc

Switzerland

NZD

New Zealand Dollar

New Zealand

MXN

Mexican Peso

Mexico

DKK

Danish Krone

Denmark

ZAR

South African Rand

South Africa

RUR (RUB)

Russian Ruble

Russian Federation (this currency does not have a status of freely converted)

In conclusion, it is worth saying that the majority of specialists like shortening terms, because it makes their job more productive and easier (especially monetary abbreviations). Moreover, many languages borrow professionalisms from the English language thus making Forex lexicon as international as the market itself is. 



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Forex Trading Abbreviations (Full List)
A list of professional terms of any sphere is the main instrument for users. Special words help to avoid misunderstanding while working process. They economize time and make life much easier...

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