The following are the most commonly used terms in foreign exchange:

1. appreciation - increase in currency value
2. ask - price requested by trader
3. base currency - what trader has to buy and sell
4. bear - someone who believes prices are going down bid - price offered for currency
5. did/ask - bid rate is the rate in which you can sell/ask rate is the rate at which you can buy
6. bull - someone who is enthusiastic about the market
7. cross - i.e. EURUSD
8. cross rate - rate that is determined from two other exchange rates

Popularity: 14%