MINI FOREX ACCOUNT
A forex account which lets the currency trader to place positions that are 1/10 the size of the standard lot of 100,000 units. A one-pip change in a currency pair, say based in US dollars, is equivalent to $1 when trading using a mini lot, as compared to $10 for the standard lot trade. This account can be opened with a forex broker or dealer.
POPULAR TERMS
Cracking
Method of breaking down a larger product into smaller by-products. Used in the oil and gas industry, this can be accomplished by employing various ...
Claims Adjuster
Insurance agent evaluating the amount of compensation that should be paid following an individual made a claim on his insurance policy. These handl ...
Turnkey Solution
Solution that can be easily executed into current business processes or systems, which is immediately ready to be implemented. It aims to fulfill a ...
Deed
A legal document that grants the bearer a right or privilege, provided that he or she meets a number of conditions. In order to receive the privile ...
Closing Quote
Final regular-hour trading price of a security in a trading day. Because of supply and demand, closing quote of the previous day is not necessarily ...
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| 05:02 | Trade Balance | Nov | |
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