Trading Basics
Swissy
Short hand for the Swiss Franc.
Other Trading Basics
CAC40
Cotation Assistée en Continu.
The short name for the headline french index which includes 40 companies.
Close A Position
When a trader places a trade to reduce their position to zero.
They are closing their position.
Basis Point
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.
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