Trading Basics
Dutch Auction
An auction process where the price starts high and is gradually lowed. Very useful when auctioning bond issues.
Other Trading Basics
Asian Session
When the majority of Asian markets are open and trade.
Typically 23:00 to 08:00 GMT.
Book Value
A valuation of something using its net assets on the balance sheet.
A very rough way of valuing an asset because it ignores the intangibles.
Cyclical Shares
Equities that follow the economic cycle. For example banking shares typically rise and fall with a cycle.
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