Trading Basics
Currency Options
A option is the right to buy or sell something in the future but not the obligation. A currency option is on an FX market.
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.
Bank of England
The UK’s central bank responsible for setting interest rates for Sterling and maintaining stability in the UK’s financial industry.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.