An exchange rate is the price at which one currency can be exchanged for another, such as USD 1 equaling GBP 0.85.
An exchange-traded fund is an investment vehicle that trades on stock exchanges like a share while holding a diversified basket of assets.
Execution is the act of completing a trade or fulfilling an order in the market.
Execution-only services involve brokers executing trades as instructed without offering investment advice.
An exotic currency is a less commonly traded currency, often from emerging markets, such as the Thai baht or South African rand.
An expert advisor is automated trading software that analyzes markets, generates signals, and executes trades on behalf of traders.
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