Q1. What do you understand by the terms symbol and currency pairs in relation to FX trading?
A1. Every traded instrument has a “symbol”. For example, in stocks “IBM” is a symbol and you can buy or sell “IBM” stocks. In the FIX protocol, the symbol is represented by tag number “55”.
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The investment banks and financial organizations do pay a very competitive remunerations and many of you aspire to work for such organizations. Here are a few questions and answers on different securities, derivatives, and FIX engine/trading system basics to familiarize yourself with some of the terminologies. Q1. What are the different asset...
Q1. What do you understand by the terms Debit & Credit? A1. Debit is abbreviated as DR & Credit is abbreviated as CR, and form the building blocks of accounting. … Read more ›...
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