Descargo de responsabilidad: Los CFD son instrumentos complejos y conllevan un alto riesgo de perder dinero rápidamente debido al apalancamiento.
Debe considerar si comprende cómo funcionan los CFDs y si puede permitirse el lujo de correr el alto riesgo de perder su dinero.
Web Trader MT5
Todo
Existing Home Sales
The National Association of Realtors’ monthly indicator of the annualised rate of completed sales of previously owned U.S. homes. It includes closed transactions of single-family homes, condominiums and cooperatives, as opposed to those that are only in contract.
This is the most complete indicator of residential real estate activity, since existing sales account for about 90% of total home sales in the United States. The data offers clues to consumer confidence, housing demand, mortgage market conditions, and overall economic momentum. Changes in housing are an early response to shifts in borrowing costs and thus a sensitive indicator of monetary policy transmission.
Data on the median sales price accompanying the volume figure are also closely watched as predictors of housing inflation and the wealth effects of housing.
Example: Mortgage rates increase, and existing home sales drop significantly for several months in a row. The data validate the impact of rising borrowing costs on housing demand, as well as their drag on construction activity and the dampening of the home-equity wealth effect that has been fueling consumer spending. The Fed notes that the housing data have been a sign that the policy tightening is working its way through the economy as expected.
Exotic currency
A currency from an emerging or frontier market economy with significantly lower trading volume than the main pairs, that is highly volatile, often has wide bid-ask spreads, low liquidity, high political risk sensitivity, and limited availability of hedging instruments. These include the Thai baht, Vietnamese dong, Nigerian naira, Kenyan shilling and Kazakhstani tenge.
There are challenges associated with exotic currencies. The spread costs to enter, exit, and trade are significantly higher than those for the major pairs. Liquidity may vanish during local market closures, risk-off days, and political events. Intervention by the central bank is more prevalent and less predictable. Positions can be trapped overnight due to capital controls or a sudden change in exchange rate policy.
Notwithstanding these risks, exotics can appeal to carry traders, many of whom earn higher interest rates than those on developed-market currencies, and to those with particular emerging-market macroeconomic views.
Example: A carry trader borrows low-interest yen and uses the proceeds to purchase a high-interest frontier currency, and takes the interest rate spread as a regular income stream. Exotic currencies will fail as investors flee the market en masse when there is an unexpected surge in global risk aversion. The broad dispersion, lack of liquidity, and possible capital controls prevent a peaceful and orderly exit, and a profitable carry can turn into a big loss in hours.
Expectancy
The average outcome per trade a strategy produces across many repetitions. Average win (win rate × average win), average loss (loss rate × average loss). Positive expectancy is the mean winnings of the strategy over time, while negative expectancy is the mean losses of the strategy over time.
Win rate isn’t as revealing as expectancy. The positive expectancy for a strategy that gets it right 30% of the time is if the win is 3 times the loss. On the other hand, if losses are significantly higher than wins, a 70% win rate can have a negative expectancy, which is what traders who maximise winning trades often experience.
An expectancy calculation requires a statistically significant sample. Variance is a problem of small samples.
Example: A strategy over 200 trades shows a 45% win rate, average win of $500, and average loss of $200. Expectancy = (0.45 × $500) − (0.55 × $200) = $225 − $110 = $115 per trade. Although the team loses more often than it wins, the style of play is very positive, with winners 2.5 times as large as losers, as reflected in the single expectancy.
Expert advisor
A software that uses algorithms to monitor the markets, provide signals, and automatically execute trades on behalf of traders.
Expiration date and options values
The expiration date is the final day an options contract is valid. After expiration, options either get exercised (if in-the-money), assigned, or expire worthless. The expiration date interacts with options value in two ways: time decay (theta) and final-day exercise dynamics. Time decay accelerates as expiration approaches. An option with three months until expiry loses value slowly each day. The same option in its final week loses value rapidly, with the steepest decline often in the last 24-48 hours. This makes long-dated options more expensive than short-dated options at the same strike, all else equal. More time, more chance for the underlying to move favourably. On expiration day itself, options trade close to intrinsic value (strike minus underlying for ITM options, zero for OTM) since extrinsic time value has decayed away. Example: A trader holds a $200 Apple call expiring Friday. The stock is at $198 on Thursday morning. Through the session, the option’s premium melts. Worth $1.50 on Monday. Worth $0.30 by Thursday afternoon. Zero by Friday close if Apple doesn’t rally. Time decay does most of the damage in the final week. The chart is brutal and unforgiving.
Exponential moving average (EMA)
A technical indicator that gives more weight to recent price data than older data.
Comience a operar con un bróker líder a nivel mundial
¿Quiere empezar a operar?
Utilizamos cookies para comprender cómo utiliza nuestro sitio web y brindarle la mejor experiencia posible. Puede obtener más información consultando nuestra Política de Cookies.
