Explanation of important Forex terminology

Forex trading has gained a lot of popularity in recent times because of the high returns investors can run from trading. But to earn such good returns it is important to have excellent know-how of the market works. We will look at some of the forex terminology that we provide you better insight of how the market functions.Common Forex Terminology

1.Uptick: It is a term which refers to new price quotation which is for higher price compared to previous quote.
2.Uptick Rule: It is one form of regulation according to which a forex trader can not sell securities if trade before such short sale was not for a lower price than the current short sale price.
3.Prime Rate: This is the interest rate for which a bank lends to its corporate customers.