CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Glossary

Not sure what a trading term means? Search below to find the answer.

ThinkMarkets > Learn to trade > Glossary > L

Leverage (Margin)

The ability to borrow money to fund trading/investing activity. The amount that can be borrowed varies between brokers, and is quoted as a multiple of maximum position size to deposited funds.

Liability

Generally, a claim on a company's assets. In forex, the obligation to deliver to a counter-party an amount of currency at a specified future date, in connection to a forward or spot transaction.

Liquid Market

When there are plenty of lots of a particular currency being bought and sold every day.

Liquidity

Refers to the ability of an asset/currency to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value.

London Interbank Offered Rate (LIBOR)

Daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London interbank market. It is roughly comparable to the US federal funds rate.

London International Financial Futures Exchange (LIFFE)

Association composed of the three largest future exchanges in the UK.

Loonie

While precise standards vary, refers generally to prolonged period of falling asset prices.

Lot

Standardized quantity in forex, composed of 100,000 units of a particular currency pair.

TF Global Markets (Aust) Limited is the holder of Australian Financial Services Licence (AFSL) number 424700. Registered address: Level 18, 357 Collins St, Melbourne VIC 3000 Australia. ABN: 69158361561.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take care to manage your exposure and seek independent advice if necessary. It's important for you to consider relevant legal documents (Product Disclosure Statement and Financial Services Guide) before you decide whether or not to acquire any of our products. This AFSL authorises us to provide our services to people or businesses that are located in Australia.

TF Global Markets Equities (Aust) Pty Limited (ThinkMarkets) ABN 63 636 447 099 is a Corporate Authorised Representative (No. 1280662) of Sanlam Private Wealth Pty Ltd (AFS License No. 337927).

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