Forex Glossary (W)

Commonly used forex terms and their definitions.

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Wash Trade - A matched deal which produces neither a gain nor a loss.

Weighted Average - A moving average that uses a selected time span, but gives greater weight to the more recent price data.

Whipsaw - slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.

Working Day - A day on which the banks in a currency's principal financial centre are open for business. For FX transactions, a working day only occurs if the bank in both financial center's are open for business (all relevant currency centers in the case of a cross are open).


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