What is Fiat Currency?
A national currency that is not pegged to the price of a commodity such as gold or silver.
In-Depth Explanation
Practical Example
"The US Dollar, Euro, and British Pound are all fiat currencies."
Related Terminology
Central Bank
A national bank that provides financial and banking services for its country's government and commercial banking system.
Forex (FX)
The global market where national currencies are exchanged — the world's largest and most liquid financial market, operating 24 hours a day, five days a week.
Bull Market
A market condition where prices are rising or expected to rise.
Bear Market
A market condition where prices are falling or expected to fall.
Tradeable Instruments Affected
Tactical How-To Guides
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Learn how to start trading in the UK. A complete step-by-step guide covering regulation, choosing a broker, and placing your first trade safely.
How to Day Trade — Step by Step
Master the art of day trading. Learn how to manage your time, choose instruments, and execute trades within a single day.
How to Keep a Trade Journal
Stop gambling and start trading. Learn the exact process for keeping a professional trading journal that identifies your edge.
Master the language of risk
Knowing the terms is just the start. Learning how to apply them is where the edge is found.
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