An option that pays off according to the average prices of the underlying asset over time.

Profiting from differences in the price of a single currency pair that is traded on more than one market.

Application Programming Interface, used in forex to automate trading.

Trading that is conducted through an Application Programming Interface. APIs, such as the one available for FXTrade, enable users to build custom trading functionality into their own software systems.

A fee charged to exchange money from one currency to another.

A bank's exposure to forex contracts from a single customer.

Exchange rate regimen where a currency's exchange rate is pegged (fixed) in relation to a stronger currency, such as the US dollar or the euro. The pegged rate is adjusted occasionally in an attempt to improve the country's competitive position. For example, China's yuan is sometimes pegged to the US dollar.

The ask price (right quote display) is the price at which traders can buy the base currency. If you think that the EUR value will increase then you can choose to buy it for USD at the price displayed in the ask quote.