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Currency

FOREX

It is the largest financial market in the world with an estimated daily trading volume of $5 trillion.

The world of finance encompasses a vast array of terms and concepts, and one of the most important to understand is the foreign exchange market, commonly referred to as FOREX or FX. This market is where currencies from around the world are bought and sold simultaneously, making it a key player in the global economy. In fact, with a daily trading volume of approximately $5 trillion, it is the largest financial market in existence.

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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LIBOR (London Interbank Offered Rate)

Let us delve into the concept of the average weighted interest rate on interbank loans, a crucial aspect of the finance world. This rate is determined by the participating b...

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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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Currency Symbol

A critical aspect of navigating the complex world of finance is understanding the significance of currency symbols. These three-letter representations, such as USD for the U...

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