{"id":3440,"date":"2023-04-20T14:23:20","date_gmt":"2023-04-20T14:23:20","guid":{"rendered":"https:\/\/academy-ifx-com.wp-dev.int.theitops.net\/?page_id=3440"},"modified":"2026-01-30T13:09:34","modified_gmt":"2026-01-30T13:09:34","slug":"glossary","status":"publish","type":"page","link":"https:\/\/academy.ironfx.com\/en\/glossary\/","title":{"rendered":"Glossary"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3440\" class=\"elementor elementor-3440\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30a58b8f e-con-boxed e-flex e-con\" data-id=\"30a58b8f\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4705928b elementor-widget elementor-widget-heading\" data-id=\"4705928b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Forex Glossary<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58b5cf4a elementor-widget elementor-widget-text-editor\" data-id=\"58b5cf4a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Browse through our comprehensive list of forex terms related to trading education and the markets.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1f69986d e-con-boxed e-flex e-con\" data-id=\"1f69986d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6d7eea elementor-widget elementor-widget-shortcode\" data-id=\"d6d7eea\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t    <main class=\"site-content\" id=\"main\">\n        <div class=\"container py-4\" style=\"padding-top:11px;padding-bottom:64px;\">\n            <nav class=\"glossary__nav mb-4\">\n                <ul class=\"list-inline\">\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"A\" data-toggle=\"glossary\" href=\"#\">A<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"B\" data-toggle=\"glossary\" href=\"#\">B<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"C\" data-toggle=\"glossary\" href=\"#\">C<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"D\" data-toggle=\"glossary\" href=\"#\">D<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"E\" data-toggle=\"glossary\" href=\"#\">E<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"F\" data-toggle=\"glossary\" href=\"#\">F<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"G\" data-toggle=\"glossary\" href=\"#\">G<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"H\" data-toggle=\"glossary\" href=\"#\">H<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"I\" data-toggle=\"glossary\" href=\"#\">I<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"J\" data-toggle=\"glossary\" href=\"#\">J<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"K\" data-toggle=\"glossary\" href=\"#\">K<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"L\" data-toggle=\"glossary\" href=\"#\">L<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"M\" data-toggle=\"glossary\" href=\"#\">M<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"N\" data-toggle=\"glossary\" href=\"#\">N<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"O\" data-toggle=\"glossary\" href=\"#\">O<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"P\" data-toggle=\"glossary\" href=\"#\">P<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"Q\" data-toggle=\"glossary\" href=\"#\">Q<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"R\" data-toggle=\"glossary\" href=\"#\">R<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"S\" data-toggle=\"glossary\" href=\"#\">S<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"T\" data-toggle=\"glossary\" href=\"#\">T<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"U\" data-toggle=\"glossary\" href=\"#\">U<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"V\" data-toggle=\"glossary\" href=\"#\">V<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"W\" data-toggle=\"glossary\" href=\"#\">W<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"X\" data-toggle=\"glossary\" href=\"#\">X<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"Y\" data-toggle=\"glossary\" href=\"#\">Y<\/a>\n                        <\/li>\n                                            <li class=\"glossary__nav__item\">\n                            <a class=\"card card__content nav-link\" data-nav=\"Z\" data-toggle=\"glossary\" href=\"#\">Z<\/a>\n                        <\/li>\n                                    <\/ul>\n            <\/nav>\n            <!--END Glossary Nav-->\n            <!--\n            <div class=\"glossary__search mb-4\">\n                <form action=\"#\" class=\"glossary__search__form\">\n                    <input class=\"form-control\" id=\"glossarySearchInput\" placeholder=\"Search Keywords\" type=\"search\">\n                <\/form>\n            <\/div>\n            -->\n            <!--END Glossary Search-->\n\n            <div class=\"glossary__results\">\n\n                                                                                                                        <div class=\"glossary__results__row\" data-term=A>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">A<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Ask Price\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Ask Price<\/h4>\n                                                <p class=\"mb-0\">Refers to the market price at which traders can buy currencies. Ask prices are also known as the Offer Price.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Asset\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Asset<\/h4>\n                                                <p class=\"mb-0\">Is an economic resource which can be owned or controlled to return a profit, or a future benefit. In financial trading, the term asset relates to what is being exchanged on markets, such as stocks, bonds, currencies or commodities.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=B>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">B<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Bear\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Bear<\/h4>\n                                                <p class=\"mb-0\">A trader who believes that the price of an asset will fall.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Bid Price\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Bid Price<\/h4>\n                                                <p class=\"mb-0\">Is the amount of money that a buyer is willing to pay for financial asset security.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Bull\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Bull<\/h4>\n                                                <p class=\"mb-0\">A trader who believes that a market, instrument, or sector is going on an upward trajectory.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=C>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">C<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Cable\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Cable<\/h4>\n                                                <p class=\"mb-0\">Is the nickname used for the currency pair GBP\/USD.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Call Option\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Call Option<\/h4>\n                                                <p class=\"mb-0\">Is an option contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying security at a specified price within a specified time. When a trader believes that an asset price will rise, s\/he purchases this option. Also known as a High Option.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Carry Trade\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Carry Trade<\/h4>\n                                                <p class=\"mb-0\">When an investor borrows at low interest rates so they can buy assets that are likely to produce higher interest rates.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Commodity Market\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Commodity Market<\/h4>\n                                                <p class=\"mb-0\">Is a financial market that deals with raw materials. It Is also known as a \u2018primary economic sector\u2019.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=D>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">D<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Day Trading\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Day Trading<\/h4>\n                                                <p class=\"mb-0\">Opening and closing a position on the same day. As a rule, day traders trade on intraday market movements.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Direct Quote\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Direct Quote<\/h4>\n                                                <p class=\"mb-0\">Is the FX rate for a quote in fixed units of foreign currency against variable amounts of the local currency. Hence, the foreign currency is always the base currency.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=E>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">E<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Entry Order\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Entry Order<\/h4>\n                                                <p class=\"mb-0\">Is used to enter a trade at a specified price level. If the currency pair never reaches that price level then the entry order is not executed.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=F>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">F<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Floating Exchange Rate\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Floating Exchange Rate<\/h4>\n                                                <p class=\"mb-0\">Rate where a currency price can change freely, as it is influenced by an open market, rather than being fixed to the value of another currency.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Futures Contract\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Futures Contract<\/h4>\n                                                <p class=\"mb-0\">Is an agreement to buy or sell a predetermined amount of a commodity at a specific price on a specific date in the future and its fulfilment is obligatory.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=G>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">G<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Gap\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Gap<\/h4>\n                                                <p class=\"mb-0\">Are sharp breaks in price where the market moves directly from one correctly quoted price to another, which is significantly different. They are represented graphically by a non-linear jump or drop from point on the chart to another point.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Germany 30\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Germany 30<\/h4>\n                                                <p class=\"mb-0\">Is the premier Germany stock index, comprising a weighted average of the 30 largest companies on the Frankfurt Stock Exchange. Otherwise known as DAX 30.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=H>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">H<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Hammer Candlestick\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Hammer Candlestick<\/h4>\n                                                <p class=\"mb-0\">Is a price pattern in candlestick charting that occurs when a security trades significantly lower than in its opening, but rallies within the period of the candlestick to close near, yet lower than, the opening price.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Hedge\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Hedge<\/h4>\n                                                <p class=\"mb-0\">Is an investment to reduce the risk of adverse price movements in an asset. Typically, a hedge consists of taking an offsetting position in a related security, like an options or a futures contract.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Holder\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Holder<\/h4>\n                                                <p class=\"mb-0\">Refers to the buyer of a currency in forex trading.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=I>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">I<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Inflation\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Inflation<\/h4>\n                                                <p class=\"mb-0\">Is a quantitative measure of the rate at which overall prices of goods and services rise over a certain amount of time. Often expressed as a percentage, this means that, as the general prices climb, the purchasing power for each unit of currency declines.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Interest Rates\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Interest Rates<\/h4>\n                                                <p class=\"mb-0\">Are the rate at which a borrower pays for holding a debt to a lender, typically expressed as an annual percentage of the loan outstanding.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                         <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=K>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">K<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Kiwi\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Kiwi<\/h4>\n                                                <p class=\"mb-0\">Is a slang term for the New Zealand Dollar. Currency code (NZD).<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Know Your Customer (KYC)\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Know Your Customer (KYC)<\/h4>\n                                                <p class=\"mb-0\">Is the process that a business involved with financial transaction undertakes to identify and verify the identity of customers. It is an essential part of banking regulation.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=L>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">L<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Leads and Lags\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Leads and Lags<\/h4>\n                                                <p class=\"mb-0\">In international business it most commonly refers to the alternation of normal payment or receipts in a foreign exchange transaction based on an expected change in exchange rates.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Leverage\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Leverage<\/h4>\n                                                <p class=\"mb-0\">In simple terms it is the ratio of the amount of capital used in a transaction to the required margin. Leverage gives you the ability when trading to control much larger monetary amounts in a trade with only a relatively small deposit (your margin).<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Limit Order\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Limit Order<\/h4>\n                                                <p class=\"mb-0\">Is a type of order to purchase or sell a security at a specified price or better.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Lot\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Lot<\/h4>\n                                                <p class=\"mb-0\">In the financial markets, a lot represents the standardised number of units of a financial instrument as set out by an exchange or similar regulatory body. The number of units is determined by the lot size.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=M>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">M<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Margin\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Margin<\/h4>\n                                                <p class=\"mb-0\">Is the minimum amount of funds, expressed as a percentage, that you will need if you want to open a position and keep your positions open.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Margin Call\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Margin Call<\/h4>\n                                                <p class=\"mb-0\">Occurs when the balance of an investor\u2019s account falls below the broker\u2019s required amount. A margin call is the broker\u2019s request that an investor deposits additional funds so that the account is brought up to the minimum value.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Momentum\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Momentum<\/h4>\n                                                <p class=\"mb-0\">Is a term used to describe the rate of change in the price of an asset \u2013 a pattern used in technical analysis. By recording the slope of a trendline the momentum is calculated; this tracks the price levels of any given asset over time.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=N>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">N<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Net Income\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Net Income<\/h4>\n                                                <p class=\"mb-0\">Is the total earnings of a company. This term reflects revenues such as interest, taxes, depreciation, and other expenses for the cost of doing business. The net income shows the overall \u2018health\u2019 of a company.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Net Position\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Net Position<\/h4>\n                                                <p class=\"mb-0\">Is the value of the position once the initial cost of setting up the position has been subtracted.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Nonfarm Payroll Employment\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Nonfarm Payroll Employment<\/h4>\n                                                <p class=\"mb-0\">Released on the first Friday of each month, this data is an estimate number of payroll jobs at all nonfarm businesses and government agencies. Traders use this information to form educated decisions regarding their investment portfolio, based on the implications of NFP data and future interest rate levels.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=O>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">O<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Oil\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Oil<\/h4>\n                                                <p class=\"mb-0\">Is a commodity used for generating power and energy in modern society. Oil market prices are determined by global supply and demand. However, as sources of supply are more scarce than common as well as being a non-renewable resource, abnormal circumstances apply for the supply side. Oil is traded mostly via the purchasing and selling of oil futures.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Open Order\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Open Order<\/h4>\n                                                <p class=\"mb-0\">Is the type of order that will be executed when a specific market price is reached.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Open Position\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Open Position<\/h4>\n                                                <p class=\"mb-0\">Is a currently active trade that has yet to be closed.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=P>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">P<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Parabolic Move\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Parabolic Move<\/h4>\n                                                <p class=\"mb-0\">Is when a market moves quickly in a very short time period, usually moving in an accelerating fashion that resembles one half of a parabola. The term tends to be used more frequently in an upward movement.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Pip\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Pip<\/h4>\n                                                <p class=\"mb-0\">Represents a tiny measure of the change in a currency pair in the forex market and is short for point in percentage. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardised unit and is the smallest amount by which a currency quote can change. This standardised size helps to protect investors from huge losses.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Price Transparency\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Price Transparency<\/h4>\n                                                <p class=\"mb-0\">Is the level of accessibility regarding information about bid prices, ask prices and trading quantities for a trading instrument.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Pullback\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Pullback<\/h4>\n                                                <p class=\"mb-0\">Is how a trending market retraces a portion of the profits before heading or remaining in the same direction. Tends to be utilised in a pause of an uptrend.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=Q>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">Q<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Quantitative Easing\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Quantitative Easing<\/h4>\n                                                <p class=\"mb-0\">Is when a central bank injects money into an economy with the aim of stimulating growth. The central bank in this case tends to buy government securities or even corporate securities to increase the liquidity of the market.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Quarterly CFDs\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Quarterly CFDs<\/h4>\n                                                <p class=\"mb-0\">Are a type of future with expiry dates every three months (once per quarter).<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Quote\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Quote<\/h4>\n                                                <p class=\"mb-0\">Tends to be the latest price at which a share or commodity was traded, meaning the most recent price to which a buyer and seller agreed to make a transaction for the instrument in question. Also known as Quoted Price.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Quote Currency\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Quote Currency<\/h4>\n                                                <p class=\"mb-0\">Is the second currency in a currency pair and is used to determine the value of the base currency (the first currency mentioned in a currency pair).<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=R>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">R<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Rally\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Rally<\/h4>\n                                                <p class=\"mb-0\">Is when a price recovers after a sustained period of decline.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Rate\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Rate<\/h4>\n                                                <p class=\"mb-0\">Is the relative price at which one currency can be exchanged for another.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Risk\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Risk<\/h4>\n                                                <p class=\"mb-0\">Refers to exposure to uncertain, unexpected, and unwanted changes.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=S>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">S<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Slippage\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Slippage<\/h4>\n                                                <p class=\"mb-0\">Is the difference between the price that was requested, and the price obtained, typically due to changing market conditions.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Sloppy\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Sloppy<\/h4>\n                                                <p class=\"mb-0\">Refers to choppy trading conditions that lack any meaningful trend and\/or follow-through.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Spread\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Spread<\/h4>\n                                                <p class=\"mb-0\">Is the difference in pips between the ask price and the bid price. The spread represents the brokerage service costs and replaces transaction fees.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Suspended Trading\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Suspended Trading<\/h4>\n                                                <p class=\"mb-0\">Is a temporary halt in the trading of a product.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=T>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">T<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"T\/P\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">T\/P<\/h4>\n                                                <p class=\"mb-0\">Stands for \u2018Take Profit\u2019 and is a type of limit order which allows the trader to specify the profit to a certain amount when the price reaches a certain level and the position closes.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Thin Market\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Thin Market<\/h4>\n                                                <p class=\"mb-0\">Is an illiquid and light-volume market that produces unpredictable trading conditions.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Tick\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Tick<\/h4>\n                                                <p class=\"mb-0\">Is a measure of the minimum upward or downward movement in the price of a security.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=U>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">U<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Uptick\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Uptick<\/h4>\n                                                <p class=\"mb-0\">Is a new higher price quote than the previous quote of a security\u2019s price rise in relation to the last tick. Also referred to as a Plus Tick.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Uptick Rule\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Uptick Rule<\/h4>\n                                                <p class=\"mb-0\">Is a regulation that has been established by the US Securities and Exchange Commission (SEC). It requires that a security is sold short at a higher price than the previous trade. Also known as Plus Tick Rule.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Uptrend\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Uptrend<\/h4>\n                                                <p class=\"mb-0\">Is a move higher in the price action, created by a series of consecutive higher peaks and consecutive higher troughs. An uptrend signals a bullish sentiment, i.e. that prices tend to rise. Traders look to buy the pullbacks (temporary drop in price) near the trend line, among other techniques.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=V>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">V<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"VIX\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">VIX<\/h4>\n                                                <p class=\"mb-0\">Is the Chicago Board Options Exchange (CBOE) Volatility Index, also known as the \u2018fear index.\u2019 It is a measure used to track expected volatility on the S&P 500 index over the next 30 days and is the most well-known volatility index on the market.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Volatility\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Volatility<\/h4>\n                                                <p class=\"mb-0\">Is a statistical measure which represents how large an asset\u2019s prices move around the average price. It usually refers to the uncertainty regarding the size of changes or fluctuations in a security\u2019s value.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Volume of Trade\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Volume of Trade<\/h4>\n                                                <p class=\"mb-0\">Is the total number of shares or contracts traded between a buyer and a seller for a specified security over a period of time. Volume of trade is measured on stocks, bonds, options contracts, futures contracts, and all types of commodities.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=W>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">W<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Wedge\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Wedge<\/h4>\n                                                <p class=\"mb-0\">Refers to the chart pattern marked by converging trend lines on a price chart. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Whipsaw\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Whipsaw<\/h4>\n                                                <p class=\"mb-0\">Is a slang term for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Working Order\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Working Order<\/h4>\n                                                <p class=\"mb-0\">Is a general term for either a stop or limit order. It is used to advise your broker to execute a trade when an asset reaches a specific price.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=X>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">X<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"XD\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">XD<\/h4>\n                                                <p class=\"mb-0\">Is a symbol that appears as a footnote or suffix to a ticker system on a trading platform or published report. It stands for Ex-dividend, which means \u2018without the dividend.\u2019 When a stock is trading ex-dividend, the current stockholder has received a recent dividend payment and whoever purchases the stock will not receive the dividend. The stock's price is likely to be lower as a result.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Xenocurrency\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Xenocurrency<\/h4>\n                                                <p class=\"mb-0\">Is a currency that circulates or trades in markets outside of its domestic borders. The name derives from the Greek prefix \u2018x\u00e9no,\u2019 meaning foreign or strange. An example would be the Japanese yen (JPY) being deposited into a European bank account or the Indian rupee (INR) being traded in the United States.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Xetra\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Xetra<\/h4>\n                                                <p class=\"mb-0\">Is one of the world\u2019s oldest electronic trading systems, launched in Frankfurt, Germany in 1997. It offers increased flexibility for seeing order depth within the markets and offers trading in stocks, funds, bonds, and commodities contracts. It is also currently being used by stock exchanges in Ireland, Vienna, and Shanghai.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n                              <!--If condition to check if there is row with letter -->  \n                         <!--While loop Glossary_fields -->\n                     <!--If statement for the glossary fields -->\n                                                                                                                        <div class=\"glossary__results__row\" data-term=Y>\n                                    <h3 class=\"glossary__results__term title-style--three mb-3\">Y<\/h3>\n                                    <div class=\"row\">\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Yield\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Yield<\/h4>\n                                                <p class=\"mb-0\">Is the annual rate of return on an investment expressed as a percentage. It is calculated by dividing the coupon rate by the current price.<\/p><\/div>\n                                            <\/div>\n                                                                                                                                <div class=\"glossary__results__item col-md-3 col-sm-6\" data-item=\"Yield Curve\">\n                                                <div style=\"box-shadow:none;\" class=\"card card__content\">\n                                                <h4 class=\"card__title\">Yield Curve<\/h4>\n                                                <p class=\"mb-0\">Is a graph plotting the interest rate of a given security (most commonly government debt) for a range of different maturities.<\/p><\/div>\n                                            <\/div>\n                                         <!--While loop for Inner repeater Letters  -->\n                                    <\/div>    \n                                <\/div>\n             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