Early Entry - A large price movement in one direction within the first 15 minutes after the open of the daily session.

Earnings Estimates - The estimated earnings projected for a company for a fiscal year.

Efficiency Market Theory - All known information is already discounted by the market and reflected in the price due to market participants acting upon the information.

Elasticity - The ability to recover an original configuration.

Electronic Communications Network - Independent execution systems set up by brokerage firms, matching new retail limit orders with compatible orders already in the system.

Electronic Data Interchange (EDI) - The computer-to-computer transmission of business messages (such as purchase orders, invoices, booking instructions, etc.) according to an agreed standard (such as EDIFACT).

Entry - The point at which a trader gets into a position in the market.

Equilibrium Market - A price region that represents a balance between demand and supply.

ERISA - The Employee Retirement Income Security Act.

Estimated EPS Change - Change in estimated mean earnings for the current fiscal year from the last month, last three months and last six months to the current month.

Eurocurrency - A currency being used or traded outside the country which issued the currency.

Eurodollar - Dollars deposited in foreign banks, with the futures contract reflecting the rates offered between London branches of top US banks and foreign banks.

Evening Star Pattern - The bearish counterpart of the morning star pattern; a top reversal, it should be acted on if it arises after an uptrend.

Exception Ratings - Rates set at a certain percentage above the general commodity rates because they apply to commodities that require special handling.

Exchange Control (EC) - Government regulations covering the inflow and outflow of foreign exchange.

Exchange Rate/Foreign Exchange Rate - The rate which would apply when changing the money of one country for that of another country.

Exchange-Traded Funds - Collections of stocks that are bought and sold as a package on an exchange, principally the American Stock Exchange (AMEX), but also the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE).

Exit - The point at which a trader closes out of a trade.

Expert Systems - are rule-driven systems that cannot learn as the result of new information being fed into its system as opposed to neural networks, which can.

Expiration - The last day on which an option can be traded.

Export Broker - An individual or firm that brings together buyers and sellers for a fee without taking part in actual sales transactions.

Export Credit Insurance - A coverage of exporters to protect against commercial and political risks for making an international sale.

Export License - This license may be required in some countries for most or all exports and in other countries only under special circumstances.