Disclaimer: I CFD sono strumenti complessi e comportano un alto rischio di perdere denaro rapidamente a causa della leva finanziaria.
Dovresti considerare se comprendi come funzionano i CFD e se puoi permetterti di correre l’alto rischio di perdere il tuo denaro.
Web Trader MT5
E
Equity
The ownership interest in a company, represented by the value of the company’s assets minus its liabilities.
ERC20
A token standard on Ethereum defining a common interface for fungible tokens. ERC stands for Ethereum Request for Comment. The 20 was just the issue number that became the standard. The spec requires a small set of functions, totalSupply, balanceOf, transfer, approve, transferFrom, that any compliant token must implement. Once a token follows the standard, every Ethereum-compatible wallet can hold it. Every DEX can list it. Every smart contract can interact with it. No custom integration required. ERC20’s simplicity catalysed the 2017-18 ICO boom and remains the dominant fungible-token standard across the EVM ecosystem, Polygon, Arbitrum, Optimism, BNB Chain, all the rest. Example: USDT and USDC. UNI and AAVE. Almost every DeFi token. All ERC20. A user sending USDC from MetaMask to Coinbase invokes the same transfer function every other ERC20 uses, which is why the experience is consistent regardless of which specific token is moving. The standard makes the entire ecosystem composable.
Eritrea Nakfa (ERN)
The currency of Eritrea, introduced in 1997 to replace the Ethiopian Birr after independence. Strict fixed rate against the dollar, 15 ERN per USD, held there for over a decade. Issued by the Bank of Eritrea. The official rate has been largely theoretical for most international transactions. Eritrea’s tightly controlled economy, limited foreign trade, and minimal external financial integration mean the formal exchange rate doesn’t reflect actual market scarcity. Parallel-market rates run substantially above official during dollar shortages, which is most of the time. The Nakfa isn’t freely traded internationally. Cross-border transactions involving Eritrea require special arrangements through correspondent banks willing to handle the limited flows. Example: A diaspora Eritrean sending remittances home through formal channels deals with the official 15 ERN per USD. Informal hawala-style networks may offer 25-30 ERN per USD, reflecting actual scarcity inside the country. The gap between the two rates is the unofficial measure of how much pressure the formal regime is under.
EST
Eastern Standard Time. The time zone covering eastern North America, five hours behind UTC during standard time and four hours behind during daylight saving (when it becomes EDT). New York operates on EST/EDT. Which is why EST matters disproportionately in global finance. US economic data releases, market open/close times, central bank announcements, all quoted in EST/EDT regardless of where market participants physically are. The 8:30am EST release window is sacred for US data. Nonfarm payrolls, CPI, retail sales, GDP, dozens of others, all exactly that time, designed to land before the 9:30am NYSE open. Example: A trader in Mumbai monitoring US payrolls sets alerts for 7:00pm IST on the first Friday of each month. That’s 8:30am EST converted across the time difference. The mental arithmetic becomes automatic for anyone whose work depends on US data flow. You stop calculating after a few months. The conversion just lives in your head.
Estonian Krooni (EEK)
Estonia’s former currency. Replaced by the euro on 1 January 2011 when Estonia became the 17th eurozone member. The kroon had been pegged first to the Deutsche Mark and later to the euro through a currency board from 1992 onward, which made eurozone accession technically smooth, Estonia was already importing euro-area monetary policy in everything but name. Retiring the kroon was widely seen as completing Estonia’s economic integration into Europe after two decades of post-Soviet reconstruction. The country’s broader story, small, digitally advanced, fiscally conservative, NATO and EU member, made euro adoption a confidence-boosting moment rather than a controversial one. Example: Estonians holding kroon savings on 31 December 2010 saw their balances convert automatically at 15.6466 EEK per EUR overnight. Cash kroon notes and coins stayed exchangeable at the central bank indefinitely. Most physical currency phased out within months. The transition was uneventful, which was the whole point.
ESTR
The Euro Short-Term Rate (€STR). The eurozone’s overnight risk-free rate, published daily by the ECB. Calculated from actual borrowing transactions in the wholesale unsecured euro money market. ESTR replaced EONIA on 3 January 2022 and has become the foundational reference rate for euro-denominated derivatives, fallback provisions in EURIBOR contracts, and increasingly for new floating-rate products. Unlike EURIBOR, which reflects unsecured term lending and embeds bank credit risk, ESTR is a near risk-free overnight rate. That puts it in line with global post-LIBOR reference rates, SOFR (US dollar), SONIA (sterling), TONA (yen), SARON (Swiss franc). Example: A new euro-denominated interest rate swap entered into in 2026 typically references ESTR compounded in arrears, exactly as a sterling swap references SONIA or a dollar swap references SOFR. The compounded daily rate over the swap’s tenor produces the floating leg’s cash flow.
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