Trading Basics
LOT
A standardised FX transaction size equal to 100,000 of the base currency.
Other Trading Basics
Capital
The economic resource used to buy assets, normally with the view to provide a product or service.
Close A Position
When a trader places a trade to reduce their position to zero.
They are closing their position.
What is a Central Bank
A central bank or monetary authority is a monopolised and often nationalised institution given privileged control over the production and distribution of money and credit.
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