* Appreciation- The currency’s value gets increased in the forex trading.

* Ask- The price demanded by the trader. This more often than not, points out the smallest price that a seller will take over.

* Base currency- The currency that the depositor trades (i.e. EUR in EURUSD)

* Bear - Someone who thinks prices are decreasing. A bear market is one in which there has been a continual fall in prices and which does not look like it will make progress quickly.

* Bid - The charge offered by the trader. These generally indicate the peak price a client 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 positive about the market activity. A bull market is characterized by enthusiastic and nonstop buying.

* Cross - When trading with currencies, the depositor buys one currency with the help of another. These two currencies form the cross: for example, EURUSD.

* Cross rate - An exchange rate that is estimated from two other exchange rates.

* Depreciation/decline - A drop in the cost of a currency.

* Exchange rate - What one currency is worth in terms of another, for example the Australian dollar might be valued 58 US cents or 70 yen.