Trading Basics
LOONIE
A trading term for the Canadian dollar.
Other Trading Basics
Blue Chip
Well established, big companies.
A blue chip is an expensive chip on the poker table
Balance of Payments
Also BoP. This is the difference between payments into or out of a country. It can be negative or positive and is used by traders in fundamental analysis.
CFD
Contract for difference.
An OTC financial derivative where the counterparties agree to exchange the change in a price.
No underlying assets are exchanged.
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