Forex Game Glossary eng

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
IMF (International Monetary Fund)
International organization established by the un and grants loans to member countries to meet balance of payments needs.

Import
Is delivery of goods or capital into the country from abroad.

Import substitution
Is fostering domestic production of goods rather than importing foreign goods.

Indicative quote
A quote serving for information about the current price of an asset. it is not used for making market orders.

Industrial Production Index
Is an economic indicator published by the federal reserve board of the united states. it is based on the most significant categories of industrial goods. since this index reflects changes in output of mineral resources, energy efficiency, gas and water usage as well as manufacturing production, it can be regarded as a gdp constituent.

Inflation
Is the process of increase in prices for goods and services. due to inflation, a certain amount of money sufficient for purchase of some good or service at present will not be sufficient anymore in a while.

Initial margin
An amount necessary to open a position that serves as a trader’s guarantee of fulfillment of obligations towards a broker. the margin largely depends on leverage. the higher the leverage, the lower the margin required to open a position.

Initial public offering (IPO)
It is the first time that the stock of a private company is offered to the public for sale. as a rule, an ipo is made when a company wants to attract attention of shareholders. if you invest in the stock of such companies, you should be ready for risks.

Insider
A person who belongs to a group or organization and has special knowledge about it unknown to ordinary traders and related to financial markets.

Instant execution
The mechanism of providing a client with quotes without prior request. clients see live streaming forex rates of a dealer, based on which they can send an order to execute a trading operation at any time.

International division of labour
Implies that each country produces certain goods because it has everything necessary to produce them as compared to other countries. by specializing in suitable production, the country satisfies its own needs yet relying on foreign trade. thus, international division of labour is a principle of the world economy where every country has its own specializations, exports the goods produces while importing the goods other countries specialize in.

International reserves
Refer to a country’s external highly liquid assets, namely gold and currency, controlled by the monetary authorities. international reserves are meant for financing the current account deficit, currency interventions etc.

International trade
Is a system of relations implying exchange of goods and services across international borders.

Intraday trade
Trade oriented at gaining profit within one day

Investments
Assets purchased with the idea that they will provide income in the future or will be sold at a higher price for profit. however, an investment not always results in a financial gain, unless it is made in profitable projects or shares. so it is crucial to determine potential risks. as a rule, investing in high-yield assets is more risky.

IPO (Initial Public Offering)
Is the initial public offering of joint-stock company shares for selling.

ISM Service Index
Surveys supply managers in the field of services with an aim to trace changes in this field. the index tends to be sensitive to psychological factors, rather than an actual situation. new readings of the index are published at the beginning of every month at 10:00 est (ny).