Glossary of Terms

The last day (during the month) in which a trader can deal in a particular product. May differ from the contract’s expiry date.

The last time (during the day) in which a trader can deal in a particular product. May differ from the contract’s expiry date.

The use of borrowed capital for an investment in order to significantly increase the profits that can be made from it. For example, with a leverage ratio of 1:30, a trader can trade a notional amount 30 times greater than his/her available capital (i.e. $30 for each $1).

The ability of a security or financial instrument to be bought or sold with ease, or (in relation to a financial market), the ability to carry out large volumes of trades. The opposite of illiquid.

What is Litecoin?

Litecoin is the world’s second largest cryptocurrency and digital payment system, after Bitcoin. It operates using blockchain technology, which is a public ledger recording all transactions. While Litecoin is completely unregulated, which might give some investors pause, it has also proven to be extremely secure, as no hackers have succeeded in compromising the blockchain technology.

How does one use Litecoin?

Using a hashing algorithm, “miners” can discover Litecoins, and while there is a limited number of Litecoins that will ever be mineable, that limit is 84 million, or four times the number of Bitcoins. The Litecoins already on the market and in circulation can be traded like any other asset, and many forex brokers – including Fortrade.com (depending on regulation)- do enable traders to trade Litecoin CFDs on their platforms.

Links related to Litecoin

• Bitcoin
• Cryptocurrencies
• Exotic Currency Pairs (Exotics)

An abbreviation for London Stock Exchange.

The currency code for Litecoin.