Dealing English


For the foreign exchange market participants English is a prerequisite of successful trading. Note not just the ordinary English, and the terminology used on the trading floor, financial news, as well as contracts for the opening of accounts with brokers. The editorial board of the "Currency speculator" has decided to help readers overcome the language barrier. Starting with this issue, in the new section of the journal "Language dealing" will be published in English lessons, designed for professional exchange, stock and futures markets. The proposed course is unique because, first, in Russia virtually no tutorials on this subject, and, secondly, the lessons drawn from the practical examples that reflect the latest trends and events in business English zyke that are little known even proficient language specialists.

The course is designed for individuals who are familiar with the basics of the English language in the amount of high school.

1. Decimal point and comma separator

In English-speaking countries is the decimal point. To separate groups of three digits in the number is a comma.

2. The most important function of adverbs up and down

These adverbs indicate the direction of the market dynamics: a situation moves up (up) or it falls (down). True, the adverb up may also be used as part of a complex verb: pick up (to gain strength (often on the pace of development); clock up (to show results, "natikat" (sports term)); chalk up (chalk up (the term of billiards)) and others. However, such cases are rare and notable exceptions being out of the picture, easily recognized.

Typical examples are:

* The dollar was at 1.4891 marks, up from 1.4852 marks. - The dollar / mark was 1.4891, up from 1.4852 marks marks.

* Investors abandoning long dollar positions helped push the US currency down to intraday low of 1.4620 marks - Non-execution of long positions in the dollar helped investors depreciation of the U.S. currency to the intra-day low of 1.4620 marks.

* German February PPI was unchanged from January, but down 0.4 pct year-toyear - The index of producer prices in Germany remained unchanged in February compared to January, but fell by 0.3 percent to the corresponding period last year.

3. The law for the singular word-factors in figures

In English, strictly following applies: lingvoarifmeticheskie unit (hundred, thousand, etc.) following the numbers and actually performing the function of factors which are always in the singular.

For example:

* $ 5 million - 5 million, $ 3 billion - three billion, 10 per cent - 10 per cent.

Such combinations can be used with the indefinite article, as it relates to the noun, which is singular.

For example:

* A record $ 5 million - a record $ 5 million; an alarming 3.4% - 3.4% disturbing.
* The data say that unit labor cost advanced by an alarming 3.4% - The data indicate that the cost of labor per unit of output rose by 3.4% disturbing.

4. Indefinite article after the combination numbers and words