Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Web Trader MT5
N
Nominal interest rate
The rate of interest on a product or loan without taking into account inflation or other factors.
Non-Convertible Currency
A non-convertible currency is one you cannot freely swap for foreign money or move across borders. Governments impose this, usually through strict capital controls, to keep money from fleeing the country, protect their reserves, or support an official exchange rate that would not survive open trading. Because it cannot be freely bought or sold on the global market, such a currency is largely trapped inside its home economy, and outsiders wanting exposure have to lean on workarounds like non-deliverable forwards. Example: A foreign company earning profits in a non-convertible currency may find it cannot simply convert that money into dollars and send it home, because the government restricts how much local currency can be exchanged and repatriated; it must navigate central-bank approvals and controls, or watch its earnings sit stranded in a local account. That friction is exactly why investors treat non-convertibility as a potential risk before putting money into such an economy in the first place.
Non-deliverable forward
A type of forward contract that is settled in cash rather than by physical delivery of the underlying asset.
Non-directional trading
A trading strategy that seeks to profit from market volatility rather than directional price movements.
Non-Farm Payrolls (NFP)
For one Friday each month, the entire financial world stops to watch a single US number. Non-farm payrolls, the NFP, counts how many jobs the American economy added or lost in the previous month, excluding farm workers along with a few other categories. Released by the Bureau of Labor Statistics, it is arguably the most important economic data point on the calendar, because the health of the jobs market drives Federal Reserve policy, and Fed policy can influence financial markets. A big surprise, up or down, can cause sharp movements in currencies, bonds, and stocks in seconds. Example: A foreign company earning profits in a non-convertible currency may find it cannot simply convert that money into dollars and send it home, because the government restricts how much local currency can be exchanged and repatriated; it must navigate central-bank approvals and controls, or watch its earnings sit stranded in a local account. That friction is exactly why investors may consider non-convertibility as a risk before putting money into such an economy in the first place.
Non-market risk
The risk of loss arising from factors outside of market movements, such as regulatory changes or geopolitical events.
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