Glossary

Appreciation An increase in the value of a currency. • Ask The price requested by the trader. This usually indicates the lowest price a seller will accept. • Base currency The currency that the investor buys or sells (i.e. EUR in EURUSD). • Bear Someone who believes prices are heading down. A bear market is one in which there has been a sustained fall in prices and which does not look like it will recover quickly. • Bid The price offered by the trader. This usually indicates the highest price a purchaser will pay. • Bid/Ask The Bid rate is the rate at which you can sell. The Ask (or offer) rate is the rate at which you can buy. • Bull Someone who is optimistic about the market. A bull market is characterised...

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