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Currency

Chartist

A chartist is an individual who uses technical analysis to analyze past price movements in order to predict future prices. This approach involves studying various chart patterns and indicators in order to identify potential trading opportunities. Chartists believe that historical price data can provide insights into future price movements and use this information to make informed trading decisions. This method of analysis is often used in the financial industry to assess market trends and make investment decisions.

Good Till Cancelled Order (GTC)

A limit order is an instruction to buy or sell a financial asset at a specified price or better. This order remains open until it is executed or canceled by the trader. It a...

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Closing market rate

In the world of finance, we often come across the term "end of day close." This refers to the process of closing a position at the market price that is prevalent at the end ...

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Cross-rate

Let's delve into the concept of cross-currency exchange rates. This refers to the value of one currency in terms of another, when neither of the currencies involved is the U...

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Floating profit/loss

In finance, unrecorded gains and losses refer to the unrealized profits or losses on open positions of a particular tool at current market rates. This is a crucial concept t...

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