Cable – Slang (colloquial) word used to describe the GBP/USD currency pair.
TRADING GLOSSARY
Carry Trade – In Forex, holding a position with a positive overnight interest return in hope of gaining profits just for the central bank’s interest rates difference.
Commission – fees charged by brokers for performance of service such as buying or selling a position.
Contract For Difference (CFD) A derivative contract that mirrors exactly the underlying cash price, but does not require physical delivery and is not traded on an exchange. i.e. The NYMEX CLG9 CFD price will mirror exactly the NYMEX CLG9 Futures contract price traded on the actual exchange.
CPI – Consumer Price Index – a statistical measure of inflation based upon changes of prices of a specified set of goods.
Currency Pair – The quotation and pricing structure of the currencies traded within the Forex market. The value of a currency is determined by its comparison to another currency. The first currency of a currency pair is called the “base currency”, and the second currency is called the “quote currency”. The currency pair shows how [...]
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