Trading Basics

LOT

A standardised FX transaction size equal to 100,000 of the base currency.

Also, CGT.

A tax on the profits obtained from a capital investment or transaction.

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.

A type of oil extracted from the North Sea, off the UK.

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