The smallest unit of price for any foreign currency. Digits added to or subtracted from the fourth decimal place, i.e. 0.0001. Also called Points.
Exposure to changes in governmental policy which will have an adverse effect on an investor’s position.
The netted total holdings of a given currency.
In the currency markets, describes the amount by which the forward or futures price exceed the spot price.
Describes quotes to which every market participant has equal access.
|Profit/Loss or “P/L” or Gain/Loss
The actual “realized” gain or loss resulting from trading activities on Closed Positions, plus the theoretical “unrealized” gain or loss on Open Positions that have been Mark-to-Market.
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