GLOSSARY

GDP (Gross Domestic Product)

GDP is perhaps the most important economic indicator of a country’s economic health. Gross domestic product is the total value of all the goods and services produced by a nation, adjusted for inflation. Most countries release their GDP figures on a quarterly basis in three different versions, a preliminary report, a second slightly revised estimate and a final version. Obviously the final version is the most accurate, however, the preliminary version is the one that tends to inspire the most trading activity.

GTC (Good Till Cancelled)

A GTC order is a type of pending order that is considered good until it is either filled, or cancelled.

GTD (Good Till Date/Time)

A GTD order is a type of pending order that is considered good until a specified date and time, at which point it will be automatically cancelled.

Guppy

Guppy is a nickname used by traders to refer to the GBPJPY currency pair.

Good for the Day

Good for the day orders are valid only until the end of the trading day, at which point they are automatically closed.