Trading Basics
LOONIE
A trading term for the Canadian dollar.
Other Trading Basics
ABS
Asset-backed securities.
These are securities backed by assets, like mortgages, which are claimable if the creditor defaults.
Cut and Reverse
When a position is fully reversed and an opposing position taken in a single trade.
Brexit
The process of the United Kingdom (UK) leaving the European Union (EU) – it is a combination of ‘British’ and ‘exit’.
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