Back Office

The departments and processes related to the settlement of financial transactions.

Asset Allocation

Investment practice that divides funds among different markets to achieve diversification for risk management purposes and/or expected returns consistent with an investor's objectives

Ask Rate

The rate at which a financial instrument is offered for sale (as in bid/ask spread).

Around

Dealer jargon used in quoting when the forward premium/discount is near parity. For example, "two-two around" would translate into 2 points to either side of the present spot.

Arbitrage

The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.

Appreciation

A currency is said to `appreciate` when it strengthens in price in response to market demand.

Questions and answers

If you want to succeed at forex trading then you need to be able to answer the question in this article. If you can't answer it then you are going get wiped out by the markets so here it is...