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Currency

Margin account

A leverage account enables traders to purchase assets on credit and borrow against the currencies held in the account. However, the terms and conditions for credit and borrowing are determined by the firm managing the account. Interest is applied only on the amount borrowed and for the duration of the loan.

Bretton Woods Agreement

In 1944, the founding members of the United Nations signed a treaty that established fixed exchange rates for major currencies. This gave central banks the authority to inte...

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Market close

Market close, also known as close of business, marks the end of trading for the day. In the dynamic world of foreign exchange, the market operates 24 hours a day with no off...

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Instant execution

In the world of finance, it is common to encounter the term "quotes" in reference to trade systems. Essentially, a quote is the price at which a security or asset is current...

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European Monetary System (EMS)

The European Union has established a system aimed at maintaining stable exchange rates between member countries' national currencies. This not only ensures consistency in cu...

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