D
| Day Trader
Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day. |
| Dealer
An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission. |
| Deficit
A negative balance of trade or payments. |
| Delivery
An FX trade where both sides make and take actual delivery of the currencies traded. |
| Depreciation
A fall in the value of a currency due to market forces. |
| Derivative
A contract that changes in value in relation to the price movements of a related or underlying security, future or other physical instrument. An Option is the most common derivative instrument. |
| Devaluation
The deliberate downward adjustment of a currency’s price, normally by official announcement. |
| 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 |
Disagreements were resolved through conversation with the other authors.
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