Trading Basics
LOT
A standardised FX transaction size equal to 100,000 of the base currency.
Other Trading Basics
Broker
Provides access to the financial markets for traders.
Brokers come in all shapes and sizes.
Cash or Spot Market
Also known as a spot market, cash markets are different to futures contracts, as commodities are traded immediately for cash at the current market price.
American Option
An option that can get exercised at any time during its life.
European options can only be exercised at the end.
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