Trader's Glossary

World Currency

A trade currency that could theoretically replace all national currencies and therefore serve as the primary currency for international trade.
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
"Liquidate" - To close an open position so as to take the resulting profits or limit further losses.
Pro Tip

Most market activity occurs when at least two market centres are open at the same time.

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