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B

Bar

A graphical representation of an instrument's movement that usually contains the open, high, low and closing prices for a set period of time.

Bar HLC technical study

A chart style that shows the highest, lowest and the closing prices for each chart period.

Bar OHLC technical study

A chart style that shows the opening, highest, lowest and the close prices for each chart period.

Base currency

In Forex, this is the currency that the investor buys or sells. For example, in EURUSD the base currency is EUR, that means one unit of EUR is worth a variable amount of USD. When you buy EUR, you pay with USD, and when you sell EUR you receive USD. The other currency (USD in the example above) is called the variable currency.

Bear

A trader who believes that prices will fall. A bearish market is one in which prices are falling, whereas a bear market is when prices have fallen by 20% or more over a sustained period.

Beta

A measure of the sensitivity of an asset X to a benchmark index Y.

Bid price

The price at which you can sell a specified instrument. For Forex trading, this is the price at which you can sell the trade/base currency (quoted first) by buying the price currency of the pair. That is, if you sell USDJPY 100,000, you are selling US dollars 100,000 and buying Japanese yen.

Black Scholes model

A formula that examines the price variation of financial instruments over time. It is often used to determine the price levels of European call Options. The formula takes into consideration the factors influencing the price of a call Option, including the price of the underlying asset, the exercise price of the Option, the interest rate, and the time until the Option's expiry.

Breach

When the price of an instrument trades through a specified level. For example, if a the execution price for a limit order to buy is set at 100, and the price jumps from 105 to 95, the 100 price level has been breached, the order will become a market order and be filled as soon as possible.

Bull

A trader who believes that prices will rise. A bullish market is one in which prices are rising, whereas a bull market is when prices have risen by 20% or more from a low point over a sustained period.

Buy offer

A limit order to buy at the current Offer (Ask) Price.