Daily Bets

Trading Basics

Daily Bets

Spread bets that close at the end of the trading day. These used to expire but now they get rolled, with a financing charge, by default into the next trading day.

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.

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Currency Futures

A future is an agreement to buy or sell something at future point in time. A currency future is when that agreement is on an FX market.

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