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Trading Terms

Collecting bank

Let's talk about documentary collections. This is a process in which a bank acts as an intermediary for the seller's bank by collecting payment or acceptance of a time draft from the buyer. The collected funds are then forwarded to the seller's bank, also known as the remitting bank. This method allows for a secure and efficient transfer of payment between parties involved in a transaction.

Business day and non-business day

A business day is any day that is not a non-business day. This includes weekdays, typically Monday through Friday. On the other hand, a non-business day refers to any Satur...

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Preprocessing

Understanding how to manipulate data is crucial for traders in the financial market. This involves techniques such as smoothing, reducing unwanted data, and removing trends ...

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Framing or Frame Dependence

When making financial decisions, it is important to recognize our tendency to evaluate them within the context in which they are presented. This often leads to decisions bei...

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Limit Order

It helps you control the maximum price you are willing to pay for a security or the minimum price you are willing to accept for selling it. This is a useful tool for investor...

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