Trading Basics
LOT
A standardised FX transaction size equal to 100,000 of the base currency.
Other Trading Basics
American Option
An option that can get exercised at any time during its life.
European options can only be exercised at the end.
BoE Rate Decision
The Bank of England’s interest rate decision is announced following the meeting of its monetary policy committee, which meets eight times a year.
Credit Account
For those with excellent credit some brokers will provide a credit account. This means the trader puts up less margin.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.
