Examlex
What are the 5 steps you can take to open an account with a brokerage firm?
Forward Trade
A financial contract agreement to buy or sell assets at a specified future date and price, used primarily in commodity and currency markets.
Forward Exchange Rate
The agreed upon exchange rate for a currency pair to be traded at a future date, used in hedging and speculation.
Spot Exchange Rate
The current price for which one currency can be exchanged for another.
Foreign Exchange Market
A global marketplace for exchanging national currencies against one another.
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