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.

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.

Mastering Risk Management Across Market Phases

Navigating the ever-changing waters of financial markets can be an exhilarating journey. Markets, like tides, ebb and flow, shifting from bullish to bearish, and prices rise and fall...

Unlocking the Potential of Real World Assets (RWAs) in Crypto

The world of finance is witnessing a transformative revolution with the advent of real world asset tokenization, or RWAs, in the cryptocurrency space. Imagine having the opportunity to own a fraction...

Popular forex trading platforms

Forex trading platforms are designed to help traders navigate the complexities of the forex market, the largest and most active financial market in the world. They typically provide traders with the tools to execute trades and maximise profits...

Precious metals trading made clear: an Octa guide

With its unwavering commitment to clarity, the international broker Octa unravels another facet of trading. Grasp the essentials of precious metals trading in an uncomplicated, transparent manner...

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...

Is a forex hedging strategy effective?

Forex hedging is a risk management strategy that offsets potential losses by taking opposite positions. It involves placing trades that serve as a safeguard against adverse price movements...

Long Position Vs. Short Position: What's The Difference?

The tried and true formula for successful sales, "buy low, sell high," applies equally to financial markets. Traders use various types of transactions to achieve this, including short positions...

Benefits and risks of automated trading

Forex traders around the world use the MetaTrader 4 (MT4) platform to trade forex and to analyse international financial markets. Developed in 2005, MT4 is arguably...

Comprehensive Guide to Gold Trading: Strategies and Considerations

Gold, with its intrinsic allure and historical significance, has captivated humanity for centuries. From adorning jewelry to serving as currency, gold's rarity and lustrous beauty...

Mastering Bond Trading in 2023: Strategies and Insights

Bonds, often known as fixed income securities, remain a fundamental financial instrument for both governments and corporations, allowing them to raise capital for various projects and operations...

Why Do Central Banks Have No Power Over Inflation?

Fighting global inflation, now at its highest point in decades, has become a number one priority for major central banks around the world. Monetary policy measures...

Fundamental analysis and economic indicators

Fundamental analysis is the study of how economy of the country affects its currency rate, which mainly involves interpretation of statistical reports and economic indicators...

Overbought Vs Oversold: A Trader's Guide

Technical analysis of the forex market includes many different concepts and definitions, one of which is overbought and oversold. These terms have existed on the market...

Trading Glossary: Forex key terms in the P-T

Forex, like every other country, has its own language, or particular terminology. Before learning a language, you must first master the alphabet...

Top Trading Tools for Forex Traders

Forex trading can be exciting and richly rewarding if you do it rightly. Trading with the right set of tools that are specifically designed for Forex trading will...

Black Swan Event: Definition And Examples

The black swan is difficult and sometimes impossible, to predict. And yet, if the markets are falling, it means that someone has started to sell. It means that someone...

Why Is Inflation So High?

You may have noticed that the prices of your favorite products have recently increased quite a lot. The reason is the incredibly high rates of inflation impacting economies of countries all around the world...

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...

Best Divergence Indicator in Forex Trading

Profit is what all traders aim at while working on the stock market. They use a variety of helpers to reach the goal. The most profitable trades are built on thorough analysis made by means of special programs...