The beginner's guide to FX trading
Cable is slang for the GBPUSD currency pair.
It is one of a few slang terms for different currency pairs.
The term originated from the exchange rate originally being transmitted by a transatlantic cable, and the name stuck.
Occasionally, people also refer to the price of the British pound as cable.
Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
A currency pair is a price quote of the exchange rate for two different currencies traded in the foreign...
Secured Overnight Financing Rate (SOFR) is the secured overnight funding rate in USD. It is a rate...
What is Quote Currency? The quote currency is the second currency in a currency pair. It is used to...
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Read MoreYesterday is history. Tomorrow is a mystery. Today is a gift. That is why it called Present.Origin Unknown