Glossary - F

This glossary defines terms used throughout SMC Trader.  A version of this glossary is also accessible through the SMC Trader platform.

The definitions are broken down as simply as possible to ensure you have full understanding of how the SMC Trader works.

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Forward Outright »

An order to trade a Forex instrument at a fixed price on a fixed date.

The price of the forward outright is the spot rate adjusted for the interest rate differential between the two currencies until maturity.

Forward Outright orders are often used to hedge exposure risks when dealing in foreign markets.