Glossary

A broker’s instruction (order) to buy or sell at the prevalent bid or ask at the time the order is processed. 

A market in which buyers specify the highest price they will pay and sellers indicate the lowest price they will accept. A transaction occurs when the buyer and seller reach an agreement on price. The New York Stock Exchange (NYSE) operates as an Auction Market.

A techncial indicator designed by J. Welles Wilder that measures the strength or weakness of a trend.

Designed by J. Welles Wilder, this is a technical indicator that measures volatility in Commodities markets.

Describes the occurrence of a bid on a limit order being lower, or an offer price being higher than the current market price, for a specific security.

A bond with a face value lower than $1k.

A percentage fee that investors pay when redeeming mutual fund shares within a specified duration, typically 5 to 10 years.

Often referred to as ""Hybrid Funds", these are Mutual funds that invest in near equal proportions with both stocks and bonds for the purpose of growth and income.

A graphical representation of price activity for a specific time interval where open, high, low and closing prices for the interval are specified.

This is the first currency listed in a Forex currency pair. It serves as the basis for which the currency exchange rate will be quoted.