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Currency

Spot price

A key concept in finance is the spot price of a currency, which refers to its current market value. This value is typically determined by the forces of supply and demand and is used for transactions that settle within 2 business days. However, for the US Dollar and the Canadian Dollar, settlement occurs within just 1 day. Understanding the spot price is crucial for navigating the world of finance.

Stop-loss

A stop order is a common tool utilized by clients in the finance world to limit potential losses. This type of order instructs the broker to close an open position once the ...

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Price

The purchase or sale rate of the underlying currency is known as the strike price. This is the agreed upon price at which the currency can be bought or sold. It serves as a ...

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World Trade Organization(WTO)

The World Trade Organization (WTO) is a highly influential international government organization with over 120 member countries. Its primary objective is to regulate and imp...

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USD

The US Dollar is represented by the currency symbol $. This symbol is used to denote the value of the American currency in international financial transactions. It is a wide...

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