What is Mine and Yours in Forex Trading?
Mine and yours are shorthand financial terms mainly used by floor traders and brokers to signify a desire to buy and sell securities. For example, if interbank dealer desire to purchase specific security or currency, they would say or type “mine” to a broker or counterparty. In contrast, if a trader wishes to sell, they […]
What is Milliard in Forex Trading?
It is a natural number used in Europe to represent one thousand million or milliard. In 1947 US practice was officially adopted which replaced the term milliard with billion, which mean a thousand million. Since that term milliard went out of US English but it is being used in some European languages such as French […]
What is Mexican Pesos in Forex Trading?
The Mexican pesos is an official currency of Mexico with currency code MXN and symbol $ or Mex$. It is subdivided into 100 centavos. Before the 1993 rebellion, its currency code was MXP. In the world, Mexican pesos is 10th most traded currency and 3rd most traded currency from the United States of America after […]
What is MetaTrader 5 (MT5)?
It is a multifunctional online trading platform licensed and owned by Metaquotes Software Corporation. MetaTrader 5 (MT5) is the successor of MetaTrader 4, which enables the traders to stream live prices, view charts and place orders robotically. MT5 offer various features to its users such as automated trading, copy trading, virtual hosting service and technical […]
What is MetaTrader 4 in Forex Trading?
It is widely used electronic trading platform owned and licensed by Metaquotes Software Corporation in 2005. It is developed for foreign exchange brokers who provide it to their clients—the MetaTrader 4 consist of both server and client component. The client component is provided to the broker customer, and server component is run by the broker […]
Who is Mervyn King?
Mervyn King is a British economist born on 30th March 1948 in Chesham Bois. He earned early education from Warstones Junior School Wolverhampton. In 1969 he achieved a first-class degree in economics from Kings College Cambridge and Harvard University. At the University of Birmingham, he worked as Researcher on Cambridge growth project. At London School […]