Glossary
B
BALANCE
The ratio between the money available in the account and money engaged for making transactions.
BASE CURRENCY
The first currency in a pair. Quoted currency is bought for base currency. For example, in GBP/USD pair, the GBP is the base currency.
BID
The price at which a trader is willing to sell the trading instrument: share, bond, futures, currency, etc.
BREAKOUT
Crossing by the price of a significant border (level of local maximum / minimum, psychological values, trend line).
BROKER
A company that grants access for individuals or companies to a stock exchange or international bank market. A broker charges a commission, wich usually depends from customer's transaction volume.