Trader's Glossary

Counter Currency

The second currency quoted in a currency pair. Counter Currency is also referred to as Quote Currency.
Did you know?

If overwhelmed by pessimism and falling prices, the FX market is defined as “bearish”, while if characterised by optimism and rising prices, it is called “bullish”. These two terms derive from the way in which bears and bulls attack their opponents, with the former swiping its paws downwards and the latter thrusting its horns upwards.

Word of the day
"Exchange" - An actual physical location for the trade of commodities and financial instruments.
Pro Tip

Pips are important because they determine your profits or losses.