Forex eBook

Forex Glossary L

Forex Word Meaning
Leading IndicatorsStatistics that are considered to predict future economic activity.
LIBORThe London Inter-Bank Offered Rate. Banks use LIBOR when borrowing from another bank.
Loss the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it.
Lot definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100).
Limit orderAn order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 102.00/05, then a limit order to buy USD would be at a price below 102. (ie 101.50)
Line ChartsThe Line Chart connects single prices for a selected time period.
LiquidityThe ability of a market to accept large transaction with minimal to no impact on price stability.
LiquidationThe closing of an existing position through the execution of an offsetting transaction.
Long positionA position that appreciates in value if market prices increase. When one buys a currency, their position is long.
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