Trading Basics
Delta
The rate at which a derivative’s price changes relative to the price of the underlying asset.
Other Trading Basics
Cyclical Shares
Equities that follow the economic cycle. For example banking shares typically rise and fall with a cycle.
ADR
American Depositary Receipts or ADRs. These are shares of foreign companies listed on exchanges in the USA in dollars.
They allow US investors to get access to overseas shares without the hassle of having to exchange currency, open brokerage accounts overseas and so on.
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