Glossary terms beginning with P

Pair

The forex quoting convention of matching one currency against the other

Panic Buying

High volume buying brought about by sharp price increases

Panic Selling

Wide-scale selling of an investment, causing a sharp decline in price. In most instances of panic selling, investors just want to get out of the investment, with little regard for the price at which they sell

Pip

The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point

Position Trader

A type of stock trader who holds a position for the long term (from months to years). Long-term traders are not concerned with short-term fluctuations because they believe that their long-term investment horizons will smooth these out

Purchasing managers index services (France, Germany, Eurozone, UK)

Measures the outlook of purchasing managers in the service sector. Such managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries and inventories. Readings above 50 generally indicate expansion, while readings below 50 suggest economic contraction

Put option

A product which gives the owner the right, but not the obligation, to sell it at a specified price


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