Dictionary
- Pip/Point
- The smallest unit of price for any foreign currency (e.g., for USD/CHF one point (or pip) equals .0001 Swiss Francs and for USD/JPY one point (or pip) equals 0.01 Japanese Yen)..
- Points and Figures Chart
- A chart, which plots only price. X's are place in boxes representing up days; and O's are placed in boxes representing down days.
- Portfolio Тurnover
- An annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.
- Position trading
- A style of trading characterized by holding open positions for an extended period of time. Contrast this with day trading, where a trader buys, then sells out of a position before the market closes that day.
- Price-Earnings Ratio
- Stock price divided by annual earnings per share.