Trading Basics
Double Top
A price pattern forming at the top of a trend, interpreted by technical analysts as suggesting a reversal in price.
Other Trading Basics
Book Value
A valuation of something using its net assets on the balance sheet.
A very rough way of valuing an asset because it ignores the intangibles.
Annuity
A guaranteed income for the rest of someones life.
Historically purchased with pension lump sums.
The buyer is swaping cash now for future income.
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