Trader's Glossary

Financial Times Actuaries 100 Index (FTSE 100) (Footsie)

An index representing approximately 80% of the market capitalisation of the London Stock Exchange, reflecting the strength of the British economy.
Did you know?

Currency trading and exchange are no new practices. In fact, money-changing people can be traced back to the Biblical times. Using city-stalls, they would help others change money and take a commission or charge a fee for their services.

Word of the day
"Monetary Policy" - The strategy employed by each central bank in order to control the amount of money in the economy, as well as its overall value.
Pro Tip

pip value in quote currency = pip in decimal places X trade size

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