What is Base Rate?
Base rate is a crucial concept in the banking industry, as it is used to determine the interest rates on loans and deposits. It refers to the minimum interest rate that banks charge their customers, and it is usually determined...
What is Bid/Ask Spread?
The bid/ask spread is a critical concept in the financial markets. It is the difference between the highest price a buyer is willing to pay for an asset and the lowest price a seller is willing to accept. In other...
Understanding Closing Market Rates and Closing Prices in Trading
When it comes to trading, there are many terms and concepts to understand. Two of the most important are closing market rates and closing prices. These terms refer to the final prices of a security or commodity at the end...
Divergence: Causes, Effects, and Solutions
What is Divergence? Divergence is the process of things moving away from each other. It is a concept that is used in various fields to describe different phenomena. In mathematics, for example, divergence is used to describe the behavior of...
Exotic Currencies: Understanding and Trading Them
The foreign exchange market, or forex, is a decentralized market where currencies are traded. It is the largest and most liquid financial market in the world, with an average daily trading volume of over $6.6 trillion. While the most commonly...
