Trading Basics
EBITDA
Earning Before Interest Tax Depreciation and Amortization. A profit measure of a company that approximates to cash earned before financing and capital purchases.
Other Trading Basics
Cyclical Shares
Equities that follow the economic cycle. For example banking shares typically rise and fall with a cycle.
CFD
Contract for difference.
An OTC financial derivative where the counterparties agree to exchange the change in a price.
No underlying assets are exchanged.
Balance
A summarised financial result of all funds deposited in, and withdrawn from the customer’s account, and of all closed positions in that account.
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