Trading Basics
Eurodollars
Dollar denominated deposits held outside the US, and thus outside the control of the US federal reserve. These deposits don’t have to be held in the euro area.
Other Trading Basics
Cut and Reverse
When a position is fully reversed and an opposing position taken in a single trade.
What is a Central Bank
A central bank or monetary authority is a monopolised and often nationalised institution given privileged control over the production and distribution of money and credit.
Close A Position
When a trader places a trade to reduce their position to zero.
They are closing their position.
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