FX/Trading Terminology

hi all,

couldn't find the info i need on a Google search and a FF search so decided to make a thread. ( call me lazy if you want LOL)

someone asked me how big i trade. 1 yard or 1 lag (wonder if its spelled this way?) so how big are they supposed to be? all i know is 1 dollar means 1million $ lot size.

and also on price movements. if EU moved by 1 handle, does that mean a 100 pips? so what is 1000 pips called? is there a specific term?

hope some industry experts can help.

thanks

Afaik the term "handle" relates to futures-trading and means one "point", e.g. quote: "Each ES E-mini point has a multiplier of $50, and if the S&P futures contract moves up or down one point (handle), the E-mini either gains or loses $50".

thanks for ur reply!

but actually im more interested in knowing whether a handle means a 100pips in FX... since i remember reading an article somewhere that states EU moved 2 handles.... cant find it... but will continue looking for it

a "yard" in fx means a billion. like central banks just bought a yard or half a yard of e/u.

here is the link to investopedia's page on the definition of a handle in fx. do a more precise search next time.

http://www.investopedia.com/terms/h/handle.asp

thanks~!!!

after my subsequent "precise search", i found out that a FX handle means a 100pips.