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Currency

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 reference point for determining the profitability of a currency option. Understanding the concept of strike price is crucial in navigating the world of finance and making informed decisions in currency trading.

Correspondent bank

As a professor of finance, it is important to understand the role of a foreign bank representative. This individual is often hired by a bank without a local branch to assist...

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Necessary Margin

In the world of finance, dealers often use a guarantee, in the form of money, to secure their open positions. This is a common practice to minimize risk and ensure stability...

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Non-trading Operation

In finance, there are four key types of operations that are essential to understand: deposits, withdrawals, repayments, and extensions of credit. Deposits refer to the act o...

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Day trade

In the world of finance, there is a term known as a "day trade." This refers to a trade that is opened and closed within the same trading day. This type of trade can be quit...

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