ECN broker: ECN is an acronym for Electronic Communications Network. In the world of forex, ECN brokers offer access to an electronic trading network that is supplied with streaming quotes from the top tier banks in the world. A currency trader, usually, benefits from greater price transparency, quick processing, enhanced liquidity, and more availability in the marketplace by trading with an ECN broker.

Economic Indicator: It refers to a statistic used for gauging present economic conditions.

Effective Exchange Rate: It denotes the explanation of the currency strength of a country or its weakness entirely on its trade balance.

Either way market: This term is used to denote a condition in the Euro interbank deposit market where both bid and offer rates for a specific period are the same.

Elliot Wave Principle: It refers to a system of empirically derived rules to interpret action in the markets and can be classified as a five-wave or three-wave pattern that forms one complete bull market or bear market cycle of eight waves.

Entity Trading Account: It refers to a trading account that does not belong to an individual but to a company that has designated an individual to be responsible for all of its trading decisions.

Escrow Account: The term refers to a segregated account where money of the customers is kept separate from the operating funds of a dealer.

Exercise notice: The term is used to denote a formal notification that the option holder wishes to exercise it by buying or selling the underlying stock at the exercise price.

Expiry date: It refers to the last day on which the option holder can exercise his right to buy or sell the underlying security.