Learn and speak the forex lingo!

You'll often hear alot of forex jargon in our chat room, here's a few just to get ya started!

Aussie (or aussie dollar)= aud/usd
Dollar Yen = usd/jpy
Geppy = gbp/jpy (Please, stop calling this guppy)
Cable = gbp/usd
Fiber = eur/usd (I dont hear this too often)

TL = Trend Line.
S/R = Support/Resistance.
RR or R/R = risk/reward ratio (I don't hear this use too often, then again... I don't think most are using proper mm).
MM = Money management.

IMO= in my opinion
JMHO = just my honest/humble opinion
(It's good etiquette to use these after stating opinions!)

FWIW = For what it's worth.
FTW = For the win.

I know I'm missing a bunch, if you've got any others let us know!

BOE = Bank of England
RBA = Reserve Bank of Australia
FOMC = Federal Open Market Committee (Fed also works!)
BAC = Bank of Canada
ECB = European Central Bank
BOJ = Bank of Japan
RBNZ = Royal Bank of New Zealand

Well... that just about covers the majors.

GBP/USD = Cable
EUR/USD = Euro
USD/CHF = Swissy
USD/CAD = Loonie
AUD/USD = Aussie
NZD/USD = Kiwi
USD/JPY = Gopher
EUR/JPY = Euppy
GBP/JPY = Geppy
EUR/GBP = Chunnel

TA = Technical Analysis
TP = Take Profit
SL = Stoploss
Daily PP = Daily Pivot Point
Short cover a.k.a Buy to Cover/Close = buying to close open short position
Sell to Close = selling to close open buy position
Fading = waiting for a spike in price and trading a reversal of that spike
Sell Into Strength = selling out of a long or getting into a short position when the price of the asset being traded is still rising but is expected to reverse in price
Buying Into Weakness = buying to cover a short or getting into a long position when the price of the asset being traded is still falling but is expected to reverse in price
Buying Dips = purchasing following a decline in prices
Whippy Action = volatile swings
Flat (Square) = neutral state when all your positions are closed.

although the "gopher" is technically the usd/jpy... i don't think i've ever heard it used, in the lifetime of my trading... ever. and to hear people say it, kind of sounds silly -jmho... but who knows, maybe we can get a trend started, ay

pier... i agree. most people just call it "yen".