Forex Glossary

G7

The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.

Going Long

The purchase of a stock, commodity, or currency for investment or speculation.

Going Short

The selling of a currency or instrument not owned by the seller.

Gold Certificate

A certificate of ownership that gold investors use to purchase and sell the commodity instead of dealing with transfer and storage of the physical gold itself.

Gold Contract

The standard unit of trading gold is one contract which is equal to 10 troy ounces.

Gross Domestic Product

Total value of a country\’s output, income or expenditure produced within the country\’s physical borders.

Gross National Product

Gross domestic product plus income earned from investment or work abroad.

Good \’Til Cancelled Order (GTC)

An order to buy or sell at a specified price. This order remains open until filled or until the client cancels.