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Forex glossary - S

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SPAN - abbreviation for The Standard Portfolio Analysis of Risk Performance (SPAN).

SRO - abbreviation for Self-Regulatory Organization.

Scalper - The market trader earning profit on minimal changes of the Forex rate.

Short - A market position where the client has sold a currency he does not already own. Usually expressed in base currency terms. Or One who has sold futures contracts or plans to purchase a cash commodity. (verb) Selling futures contracts or initiating a cash forward contract sale without offsetting a particular market position.

Short Position - this type of market position benefits from a decline in market price.

Slippage - A situation when Stop-order is carried out at more worst Forex rate, than it has been reserved at its exhibiting to the broker.

SOFFEX - abbreviation for Swiss Options and Financial Futures Exchange.

Speculator - This person risks their capital for the sake of reception of profit.

Spot - it is the buying and selling of the currency where the settlement date is two business days forward.

Spread - generally it is the difference between the bid and ask price of a currency.

Sterling - Slang for British Pound.

Stock Index - An indicator used to measure and report value changes in a selected group of stocks.

Stop Limit Order - this type of order goes into force as soon as there is a trade at the specified price.

Stop Loss Order - at this order type an open position is automatically liquidated at a specific price.

Support - it is a spot on a chart where the buying of currency is sufficient to halt a price decline.

Support Levels - this indicator is used in technical analysis and indicates a specific price ceiling and floor at which a given exchange Forex rate will automatically correct itself. Opposite of resistance.

Swissy - slang for Swiss Franc.

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The following terms will appear in the glossary soon:

• Sales Practice Action Type
• Satisfactorily Subordinated Liabilities
• Secondary Market
• Security
• Segregated Account
• Segregated Funds
• Self Regulatory Organization (SRO)
• Sell on Close
• Sell on Opening
• Seller's Market
• Seller's Option
• Selling Hedge
• Selling Rate
• Settlement
• Settlement Agreement
• Settlement Date
• Settlement Price
• Short Covering
• Short Hedge
• Short Selling
• Short Squeeze
• Short the Basis
• SITC
• Soft
• Soft currency
• Soft Market
• Sold Out Market
• Sole Proprietorship
• Specialist System
• Speculative Limit
• Speculative Position Limit
• Speculative Position Limit Action Type
• Spike
• Spot Commodity
• Spot Date
• Spot Market
• Spot Month
• Spot Next
• Spot Price
• Spreading
• Squeeze
• Stable Market
• Stagflation
• Standard and Poors (S&P)
• Stay
• Steer/Corn Ratio
• Sterilization
• Stock Market
• Stop Close Only Order
• Stop Out Price
• Straddle
• Strangle
• Strike Price
• Strip
• Structural Unemployment
• Summary Action
• Summary Judgment
• Summary Proceeding
• Suspension
• Swap
• Swaption
• Swift
• Switch
• Systemic Risk