Trading Basics
Capital Gains Tax
Also, CGT.
A tax on the profits obtained from a capital investment or transaction.
Other Trading Basics
Cable
Another name for the GBP – USD exchange.
Around half a trillion dollars is traded between the two currencies everyday, making it the third most popular currency pair to trade in behind EUR – USD and USD – JPY.
Counterparty
You need at least two parties in a financial transaction, they are counterparties.
Averaging Down
Once an initial long trade is place this is the practice of opening additional positions at a lower price with the view of bringing the average opening price of the position down.
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