Pip The minimum price fluctuation in the forex (foreign exchange) market. Referred to as a tic in the futures markets.

Producer Price Index An economic indicator which gauges the average changes on prices received by domestic producers for their output at all stages of processing.

Quote An indicative price. The price quoted for information purposes but not to deal.

Range The difference between the highest and lowest price of a future recorded during a given trading session.

Resistance Point or Level A level in any given market that acts as a ceiling on price movement. If broken prices, in theory, are expected to move higher.

Retail Price Index Measurement of the monthly change in the average level of prices at retail, normally of a defined group of goods.

Right-hand Side To do a deal on the right hand side of a two way quote, normally to buy the currency and sell dollars.

Rollover An overnight swap, specifically the next business day against the following business day in the forex markets (also called Tomorrow Next, abbreviated to Tom-Next). \

Scalping Buying at the bid and selling at the offer as soon as possible.

Selling rate Rate at which a bank is willing to sell foreign currency.

Short / Short Position To Sell or hold a sale of any financial instrument.

Soft Market More potential sellers than buyers, which then creates an environment where rapid price falls are likely.

Spot Price/Rate The price at which the currency is currently trading in the spot market.

Stop Loss Order An order that is place in order to prevent a loss or limit an existing loss on any open position.

Support Levels A level in any given market that acts as a floor on price movement. If broken prices, in theory, are expected to move lower.

Two-Way Quotation When a dealer quotes both buying and selling rates for foreign exchange transactions