CFD

A contract for difference, a derivative tied to a change in an underlying price.

Currencies trade in pairs: buying one means selling the other. A quoted rate expresses the value of one unit of the base currency in units of the quote currency. Retail Forex products may be leveraged derivatives rather than physical currency delivery.

All educational content is provided for general information and educational purposes only. It does not constitute investment advice, financial advice or a recommendation to buy or sell any financial instrument. Trading leveraged products involves significant risk and may result in the loss of invested capital.