Euro Inter Bank Offered Rate. This is the rate banks can borrow form one another for 3 months. Set daily the rate is used to settle and price trillions of dollars of Euro denominated debt and derivative agreements around the world.
Other Trading Basics
Occurs when a price ‘breaks down’ below a support area.
Traders can go short at the bid price.
The terminology is from the broker point of view, they are bidding to buy from you.
An order type that instructs the broker to get the best possible price they can obtain for a trader or investor
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