Forex Glossary - D -

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Day Order: Any ‘Buy’ or ‘Sell’ order if not executed expires automatically at the end of the day it was entered.

Day Trader: A trader who takes a position in the market and liquidates that position before the close of the day.

Day Trading: refers to a specific type of trading where a position is opened and closed in the same trading day.

Dealer: An individual or firm that trades from his or her own accounts while acting as a principal in the buying and selling of securities.

Depreciation: A continuous fall in value if a currency.

Devaluation: Is where the government reduces the value of a currency in respect to another monetary unit.