What is Old Lady in Forex Trading?
The old lady is the 18th-century nickname for the Bank of England which originates in 1797 in James Gillary political cartoon. The cartoon, “The Old Lady of Threadneedle Street in Danger!” or “Political Ravishment” portray a female in the costume of one and two-pound notes sitting on a chest marked “Bank of England.” A man […]
What is Oil in Forex Trading?
It is yellowish black naturally occurring liquid beneath the Earth surface. It is mainly used for power and energy to run machines that human use. It usually is referred to as petroleum. A significant portion of consumers and industries all around the world mainly depends upon oil for day to day activities. Like many other […]
What is an Offsetting Transaction in Forex Trading?
A transaction that cancels or eliminate market risk in an open position. It cancels out or eliminates the effects of a trade by taking another position but in opposite direction. It is an activity that removes the benefits and risks of another transaction or situation. The offsetting transaction can take place in any market but […]
What is Offered Market in Forex Trading?
An offered market is a situation in which the number of sellers of a particular security is more significant than buyers of the same security. The supply of securities is higher than the demand to buy them. In the context of forex trading, the offered market typically involves that the exchange rate for a specific […]
What is Offer in Forex Trading?
An offer is conditional proposal used when a buyer or seller buy a financial instrument or asset from an institution or trader. It is also known as the asking price. It is a precise application made by traders to buy or sell specific service or product under particular conditions. There are several types of offers, […]
What is Norway Krone in Forex Trading?
The krone is an official currency of Norway and its independent territories with currency code NOK and symbol kr. The money is subdivided into 100 øre. It is 13th record traded currency in the world by worth. The Norway krone was introduced as an official currency in 1875 by replacing the Norwegian spesidaler. Norway joined […]