January 2008
Intermediate to advanced
156 pages
3h 30m
English
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Glossary
- appreciation
A currency is said to appreciate when it strengthens in price in response to market demand.
- arbitrage
The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.
- ask rate
The rate at which a financial instrument is offered for sale (as in a bid/ask spread or the sell side of the broker spread).
- back office
The departments and processes related to the settlement of financial transactions.
- balance of trade
The value of a country's exports minus its imports.
- base currency
In general terms, the currency in which an investor or issuer maintains its book of accounts. In the forex markets, the U.S. dollar is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British pound, the euro, and the Australian dollar.
- bear market
A market distinguished by declining prices.
- bid/ask spread
The difference between the bid and offer price, and the most widely used measure of market liquidity. Also, the spread is a fee for the broker to provide the transaction services for traders.
- bid rate
The rate at which a trader is willing to buy a currency (the buy side of a broker spread).
- big figure
Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.