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Forex glossary - P

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PBOT - abbreviation for Philadelphia Board of Trade.

Pips - ten-thousandths of the price, i.e. 0.0001. Also known as Points.

Position - long or short commitment in the market.

Price Limit Order - a type of order that determines the price at which a trade can be executed.

Producer Price Index (PPI) - A fundamental index that shows the cost of resources used to produce manufactured goods during the previous month.

Put Option - a type of option that gives the option buyer the right to sell the underlying futures contract at a particular price on or before a particular date.

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The following terms will appear in the glossary soon:

• Par
• Pardon
• Partnership
• Party
• Payment-In-Kind Program
• Pegged Price
• Pegging
• Performance Bond
• Performance Bond Call
• Performance Bond Margin
• Permanent Injunction
• Permanently Enjoin
• Petition
• Petition for Review
• Petition to Stay
• Pit
• Pleadings
• Point
• Point and Figure Charts
• Point Balance
• Political Risk
• Pool
• Pool Operator
• Position Day
• Position Limit
• Position Trader
• Positive Carry
• Positive Yield Curve
• Power of Attorney
• Prearranged Trading
• Preliminary Hearing
• Preliminary Injunction
• Premium
• Premium Refers
• Price Discovery
• Price Limit
• Price Transparency
• Primary Dealer
• Primary Market
• Prime Rate
• Principal
• Pro Se
• Profit Taking
• Program Trading
• Project A
• Promotional Material
• Proof of Service
• Pulpit
• Punitive Damages
• Purchase and Sell Statement
• Purchasing Hedge or Long Hedge
• Pyramiding