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Q: please define the "firm quote "

Category: glossary , Asked by: O. Grimes from Aberdeen, United Kingdom

A: A price quote on a security, made by a dealer or market maker, that guarantees a bid or ask price up to the amount quoted. This differs from a nominal quote wherein the price and quantity of a bid or ask quote are not firmly posted. For example, if a market maker posts a bid firm price quote of $25 @ 10K, this tells other dealers and investors that this market maker will buy up to 10,000 shares for a price of $25. If the quote were to be nominal, then the seller of the security could try to negotiate for a better price and the market maker might move on its price - for example, being willing to purchase for $25.75. Visit FX club

    do you know what "earnings before interest, taxes, depreciation, depletion, amortization and exploration expenses" is?

    Category: glossary by W. Johns from San Antonio, United States

    An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax, interest, depreciation, depletion, amortization and exploration expenses) EBITDAX is used when reporting earnings for oil and mineral exploration companies. It excludes costly exploration expenses and gives the true EBITDA of the firm. This is especially useful when a company wants to acquire another company. The EBITDAX would cover any loan payments needed to finance the takeover.

    please tell me what a "flag" is

    Category: glossary by Amber O. From United Kingdom

    A pattern seen on a chart of a futures price. If a price rises (or falls) sharply and then iterates sideways it will draw a pattern like a flag. Bear flags, bull flags and pennants, where the period of stability is more pointed picture, are possible.

    Which forex platform has most secure server connection?

    Category: technical by Ava H. From Scottsdale, United States

    If you look for a forex platform with the most rapid server connection, we totally recommend you to visit "Global Forex Trading (GFT)" - players are constantly pleased when trying to login to the server. It's no trouble at all to learn the program. The communication with the server is always undisturbed. Also, you don't run into most of the familiar problems you often encounter connecting to this type of servers.

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