Bull Market: A market which is on a consistent upward trend.

Depreciation: A fall in the value of a currency due to market forces.

Market Order: A customer order for immediate execution at the best price available when the order reaches the marketplace.

Short position: In foreign exchange, when a currency pair is sold, the position is said to be short. It is understood that the primary currency in the pair is ’short’, and the secondary currency is ‘long’.

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