Financial Conduct Authority, the financial regulator in the United Kingdom.  

Fill / Filled 

The execution of an order. 


Financial Markets Authority, the financial regulator in New Zealand.  

Federal Reserve System 

The central bank agency/system of the USA.  

Flexible Spread 

The difference between the bid and offer price that a broker can adjust according to market conditions. Also known as dynamic spread, floating spread, or variable spread. 

Forex (FX) 

FX is the market in which currencies are traded. There is no central marketplace for currency exchange; trade is conducted OTC. 

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A contract which locks in the price at which you can ‘buy’ or ‘sell’ an asset (such as a currency pair or commodity) on a future date. 

Fork / Forking 

When the code, encryption or software behind a virtual currency change significantly (typically for improvement reasons), then the original virtual currency splits. An example of this is Bitcoin Cash.  

Fundamental Analysis 

This involves analysing and valuing financial assets based on factors such as news, financial statements and earnings forecasts, company strategy and risk assessments, demand and supply forecasts, projections of future economic growth, industry developments and government policy. 

In fundamental analysis, an investor uses real data to evaluate a stock’s value rather than using charts and technical analysis to make trading decisions. 

Future /  Futures 

A futures contract is a legal agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future. 

Futures are like forwards; except that futures are traded on exchanges, making them standardized contracts. 

A futures CFD will automatically expire at a specified time in the future, whereas a spot or cash CFD has no such expiry time. Often the price of a future contract will differ from the cash price.