Forex for Beginners Advanced Forex Forex Strategies

Technical Analysis Forex Signals Forex Education

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.

I can constantly make 1-2% on my money daily. Should I look at day trading as my full-time job?

If so, then obviously you should! Just think in the best case that if you began with $10,000 and were able to earn 1% of your money daily, you could become a millionaire or a billionaire in less than six years...

Can you trade forex forever?

Forex trading has become increasingly popular as a means of becoming financially independent. This is largely due to how easy it’s become to access the forex market...

Three Ways to invest Your Red Packet Money in Times of a Worrying Economy

With Lunar New Year around the corner, preparations have been in full swing to welcome the Year of the Rabbit on 22 January. Friends and families will gather for feasting...

Why traders shouldn’t underestimate an Economic Calendar

Brace yourselves for the ultimate weapon in your trading arsenal - an Economic Calendar, revealing the future of financial markets. So, why should you care?

Top 10 Greatest Traders of All Time

Let’s chill from charts and read about the world's greatest traders who affected markets and left a mark on trading history. Not everything is simple about traders’ success but also about the hundred of past losses...

What Is Margin Trading And How Does It Work?

Investors trading in the financial market commonly face issues with equity, which creates difficulties in conducting operations with currency pairs and other assets. This lack of equity is primarily due...

Safest Forex Brokers: Prioritizing Security and Trustworthiness

When it comes to choosing a forex broker, safety and security should be paramount in your decision-making process. The reputation and security measures implemented...

Behind the headlines: questioning the reliability of financial media

If you’ve been performing both fundamental and technical analysis of late, you may have noticed that some financial media and mainstream news channels...

Mastering Forex Trading with MetaTrader 4

When it comes to trading platforms, MetaTrader 4 stands out as one of the most renowned and widely-used systems worldwide. In this guide, we'll delve into the intricate details of MetaTrader 4...

Federal Funds Rate vs Discount Rate

In 1913 the USA government passed a law, according to which...

Forex Trading Myths

In this article, we’ll look at some of the most common myths associated with forex trading. Forex trading involves the buying and selling of currencies in a decentralised market...

Market sentiment: the faceless swarm

Market sentiment can be likened to the wisdom of the crowd, but is there any wisdom present? Do the masses consuming social media and affiliated news really know better...

Deciphering Market Corrections: A Guide to Identification and Trading

To navigate the intricate realm of financial markets successfully, one must possess not only a profound understanding of market trends but also the ability to discern subtle indicators that herald significant shifts...

Tips for choosing a broker: A closer look at what a forex broker is and does

There are an overwhelming number of online forex brokers with something different to offer all types of traders. Choosing one inevitably comes down to your forex trading needs and goals...

Exploring the Depths of Price Levels and Market Impact in the Brokerage Industry

In this comprehensive analysis, we delve deeper into the intricacies of pricing within the brokerage industry, extending the foundational knowledge established...

What Are Forex Signals, And How Can You Use Them?

If you're looking to enhance your chances of success in the market, Forex signals can be an excellent tool to consider. These signals have the potential to help...

How to Start Trading from Home

The unprecedented COVID-19 pandemic practically confined people worldwide in their homes. But technology helped many people navigate the "new norm", or at least cope with it...

The top 10 traits of a successful trader

So, you wanna be a trader huh? It’s no secret that online trading has become a lucrative avenue for individuals seeking financial independence in the digital age...

How Are the European Stocks Performing This Quarter?

The probability of the Fed raising interest rates quickly this year to combat inflation increased. The likelihood of the Fed raising rates by 75 basis points the next week is highly anticipated. The potential of a complete 1% rate rise is also being considered. With U.K. consumer prices up 0.5% in August and 9.9% annually, the inflation picture in Europe is worse.

Navigating Ethical Challenges in AI-Driven Trading: Bridging Wealth Inequalities

AI-driven trading has undoubtedly introduced numerous advantages for traders. Its ability to swiftly process vast data, formulate solutions, and execute trades within milliseconds...