Mine And Yours

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DEFINITION of 'Mine And Yours'

Terms used by floor traders to signify buying and selling. If a trader wanted to buy something, they would type or say "Mine," as in "It's mine." If the trader wanted to sell, they would type or say "Yours," as in "It's yours." These terms are mainly used in forex transactions.

BREAKING DOWN 'Mine And Yours'

The forex or foreign exchange market is a highly liquid market where investors such as individuals, financial institutions, corporations, central banks and hedge funds trade currencies, usually through the Internet. This market relies heavily on leverage because currency pairs usually experience very small changes in value on a day-to-day basis. When a forex investor opens a trade, they are buying one currency and selling another. To close the trade, they do the opposite transaction.

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RELATED FAQS
  1. How is the value of a pip determined?

    A pip in foreign exchange trading is a measure of a price movement in a currency pair. "Pip" is an acronym for price interest ... Read Full Answer >>
  2. Where did the term 'pip' in currency exchange come from?

    The term pip is an acronym for percentage in point or price interest point. It measures a unit of change within a pair of ... Read Full Answer >>
  3. What is the difference between pips, points, and ticks?

    Point, tick and pip are terms used to describe price changes in the stock market and other markets. While traders and analysts ... Read Full Answer >>
  4. What are the nations with the lowest PPP (purchasing power parity) with respect to ...

    Purchasing power parity (PPP) is one of several economic indicators used to compare how much goods cost from country to country. ... Read Full Answer >>
  5. What's the difference between bid-ask spread and bid-ask bounce?

    Although both the bid-ask spread and the bid-ask bounce relate to the bid-ask price of a stock or other investment, they ... Read Full Answer >>
  6. Are Downside Tusuki Gap patterns important when trading forex pairs?

    The most heavily intertraded national currencies on forex markets are often referred to as "commodity pairs," "the majors" ... Read Full Answer >>

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