Net asset value (NAV) is a term often used when valuing investment trusts, including many property companies and certain other companies whose balance sheets are full of valuable assets or investments.
Why do currency pair quotes have five decimal places?
Typically in forex, currency pairs display their prices with four decimal points. A few, such as the Japanese yen, display two decimal places. No matter what currency pair you're trading, the last large number behind the decimal always represents a pip, the main unit price that can change for the currency pair.
The forex market is one of the most popular trading arenas in the world, but knowing your lots from your leverage and setting up the right plan are key. Our introduction to trading forex gives you the perfect start.
Making a forex trade can be extremely risky and, like doing anything that takes risk, you can take precautions to minimise its impact. In forex, there are three skills you can develop to help you manage your trading risk: anticipating, planning and analysing.