What is Liberia Dollar in Forex Trading?
Since 1943, dollar is an official currency of Liberia with currency code LRD and symbol L$ or LD$ to distinguish it from other dollar currencies. It is subdivided into 100 cents. The dollar was adopted as Liberian currency in 1847. It was pegged to US dollar until 1907. Later Liberia adopted British pound and pegged […]
What is Leverage in Forex Trading?
It is a technique that involves the use of borrowed funds or capital rather than fresh equity in order to purchase an asset. Leverage act as funding source when businessman expands the assets by investing. The leverage is kind of borrowed capital in order to start a project or investment. The outcome is to multiply […]
What is Lesotho Maloti in Forex Trading?
The maloti or loti is an official currency of the Kingdom of Lesotho with currency code LSL and symbol L or M. The currency is subdivided into 100 lisente. Through the Common Monetary Area, maloti is pegged with South African rand. Both currencies are accepted as legal tender within the Kingdom of Lesotho. In 1966, […]
What is Lebanon Pounds in Forex Trading?
It is an official currency of Lebanon with code LBP and symbol ل.ل. The currency is subdivided into 100 piastres but high inflation during the Lebanese Civil War eliminated the use and need of subdivision. Before the World War I, The Ottoman lira was used as currency in Lebanon. The Egyptian pound was adopted as […]
What is Leads and Lags in Forex Trading?
The leads and lags in an international finance refer to delaying or expediting receipts or payments in foreign exchange because of expected change in exchange rates. An expected change in rate of foreign exchange can be a cause of gain or loss in an international trade. Thus the settlements of payments is delayed or expedited […]
What is Ledger in Forex Trading?
A ledger is computer file or principal book for recording and counting economic transactions dignified in term of monetary units of account. The ledger is an accurate record of all amounts entered in journal by date. Ledgers generally include sales ledger, purchase ledger and general ledger. Sales ledger records transactions of accounts receivables. It records […]