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Glossary

Master the language of traders and navigate the financial markets with confidence!

Traders Glossary

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G
G7
Group of 7 Nations - United States, Japan, Germany, United Kingdom, France, Italy, and Canada.
G8
Group of 8 - G7 nations plus Russia.
GAP/GAPPING
A quick market moves in which prices skip several levels without any trades occurring. Gaps usually follow economic data or news announcements.
GEARING (ALSO KNOWN AS LEVERAGE)
Gearing refers to trading a notional value that is greater than the amount of capital a trader is required to hold in his or her trading account. It is expressed as a percentage or a fraction.
GER40
An index of the top 40 companies (by market capitalization) listed on the German stock exchange – another name for the DAX.
GIVEN
Refers to a bid being hit or selling interest.
GIVING IT UP
A technical level succumbs to a hard-fought battle.
GMT (GREENWICH MEAN TIME)
Greenwich Mean Time - The most referred time zone in the forex market. GMT does not change during the year, as opposed to daylight savings/summertime.
GOING LONG
The purchase of a stock, commodity or currency for investment or speculation – with the expectation of the price increasing.
GOING SHORT
The selling of a currency or product not owned by the seller – with the expectation of the price decreasing.
GOLD (GOLD'S RELATIONSHIP)
It is commonly accepted that gold moves in the opposite direction of the US dollar. The long-term correlation coefficient is largely negative, but shorter-term correlations are less reliable.
GOLD CERTIFICATE
A certificate of ownership that gold investors use to purchase and sell the commodity instead of dealing with transfer and storage of the physical gold itself.
GOLD CONTRACT
The standard unit of trading gold is one contract which is equal to 10 troy ounces.
GOOD 'TIL CANCELLED ORDER (GTC)
An order to buy or sell at a specified price that remains open until filled or until the client cancels.
GOOD 'TIL DATE
An order type that will expire on the date you choose, should it not be filled beforehand.
GOOD FOR DAY
An order that will expire at the end of the day if it is not filled.
GREENBACK
Nickname for the US dollar.
GROSS DOMESTIC PRODUCT (GDP)
Total value of a country's output, income or expenditure produced within its physical borders.
GROSS NATIONAL PRODUCT
Gross domestic product plus income earned from investment or work abroad.
GUARANTEED ORDER
An order type that protects a trader against the market gapping. It guarantees to fill your order at the price asked.
GUARANTEED STOP
A stop-loss order guaranteed to close your position at a level you dictate, should the market move to or beyond that point. It is guaranteed even if there’s gapping in the market.
GUNNING/GUNNED
Refers to traders pushing to trigger known stops or technical levels in the market.