Trading Basics
FOMC
The Federal Open Market Committee is the branch of the Federal Reserve bank in charge of monetary policy decisions.
Other Trading Basics
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A summarised financial result of all funds deposited in, and withdrawn from the customer’s account, and of all closed positions in that account.
Annual General Meeting (AGM)
This is where shareholders meet each year to vote on the various decisions a company needs to make.
Basis Point
A basis point is 0.01% and is typically used when quoting interest rate changes.
A move of 0.25% is described as 25 basis points.
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Learn the skills needed to trade the markets on our Trading for Beginners course.