Trader's Glossary

Derivative

A financial instrument with no intrinsic value in and of itself, which derives its value from another financial instrument, asset, index or exchange rate. Contracts for difference, options, swaps, forwards and futures are all examples of derivatives.
Did you know?

Papyri PCZ I 59021, which dates back to 259/8 B.C., shows the exchange of coinage in ancient Egypt.

Word of the day
"Dollar Index (USDX)" - A major market index, tracking the value of the U.S. dollar against a number of heavily traded currencies.
Pro Tip

Do not open a real account before doing some demo-trading.

UP