Glossary – Trading

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There are 20 names in this directory beginning with the letter G.
G7 plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved.

The five leading industrial countries – US, Germany, Japan, France, UK.

Group of 7 Nations – United States, Japan, Germany, United Kingdom, France, Italy and Canada.

Group of 8 – G7 nations plus Russia.

Gap / Gapping
A quick market move in which prices skip several levels without any trades occurring. Gaps usually follow economic data or news announcements.

An index of the top 30 companies (by market capitalization) listed on the German stock exchange – another name for the DAX.

Greenwich Mean Time – The most commonly referred time zone in the forex market. GMT does not change during the year, as opposed to daylight savings/summer time.

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 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 date
An order type that will expire on the date you choose, should it not be filled beforehand.

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 for day
An order that will expire at the end of the day if it is not filled.

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.

Guerrilla Trading
A very short-term trading technique that aims to generate small profits while taking on very little risk per trade and repeating this multiple times in a trading session.

Gunning, gunned
Refers to traders pushing to trigger known stops or technical levels in the market.
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