A financial instrument that secures the right, but not the obligation, to buy or sell a given asset at a certain price on the predetermined expiration date.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Broadening Formation" - A chart pattern that is observed when there is significant increase in the price movements of a currency pair, yet without a clear direction.
Never open a trading account with a non-regulated broker.