Forex Glossary - C -

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Cable: Term used to refer to GBP/USD.

Candlestick chart: A type of chart that displays the high, low, open and close on a daily basis.

Carry: Cost associated in keeping a foreign-exchange position over-night.

Central Bank: An institution owned by the government that controls the nation’s monetary policy and printing of the money.

Chartist: Person who studies graphs and charts of past data to predict trends and price movement.

Closed position: Transaction that liquidates the position of a currency, thus leaving the trade with a zero commitment to the market.

Commission: Fee charged by an institution to a customer when placing a trade.

Confirmation statement: Confirmation sent to customer by a dealing house when a transaction has taken place.

Consolidation: A period in the trading activity where the price moves sideways.

Cross-Rate: Exchange rate between two currencies other that the US dollar.

Currency: Type of money that a country uses which is issued by the government.