Trader's Glossary

Negative Balance Protection (NBP)

A service offered by certain brokers that does not allow clients’ losses to exceed their initially deposited funds.
Did you know?

Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.

Word of the day
"Blow Up the Account" - Slang term for losing all capital in a trading account.
Pro Tip

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