Forex Glossary of Trading Terms and Definitions

Forexstepbystep.com

Home Best MT4 Indicators MT4 Color Templates MT4 Trading Systems Best MT5 Indicators MT5 Color Templates MT5 Trading Systems Forex Glossary Contact Us Search

Welcome to our Forex Glossary, a complete trading dictionary designed to clarify essential forex terms and concepts for traders of all levels. From basics like "pip" and "leverage" to advanced ideas like "carry trade" and "market makers," it covers key players, trading strategies, risk management, and analysis methods. This resource helps you build confidence and make smarter trading decisions by mastering the language of the forex market. Happy trading!

Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

N

Ninja

The nickname "Ninja" is often used in the Forex trading community to refer to the USD/JPY currency pair. This moniker is thought to reflect the volatility and speed of market movements commonly associated with this pair, particularly given Japan’s significant influence in the financial markets and the pair’s role in carry trades. Traders often focus on USD/JPY due to its liquidity and the impact of U.S. and Japanese economic data on its value, making it a popular choice for those looking to capitalize on currency fluctuations.

No Dealing Desk (NDD)

No Dealing Desk (NDD) is a type of trading model used by forex brokers that allows direct access to the interbank market without any intermediary or dealing desk. This model provides traders with transparent pricing, faster execution speeds, and typically less price manipulation, as trades are executed at market prices rather than being marked up by the broker. NDD brokers often utilize technology to aggregate quotes from multiple liquidity providers, ensuring that traders receive competitive spreads.