Call option

You can buy or sell a call Option.

If you buy a call Option you have the right, but not the obligation to buy the underlying instrument at the agreed strike price on the agreed expiry date (European Option).

If you sell a call Option, you have the obligation to sell the underlying instrument at the agreed strike price on the agreed expiry date (European Option).

Candlestick technical study

A chart style where a thin line represents the price range for the instrument in the chart period. The opening and closing prices for the period are represented by a thicker line (red if the price finished lower and green if it finished higher). The overall effect can look like a candle. Many traders believe it is the easiest chart style to read.

Cash balance

The current value of the cash funds in your account.

CFD financing

When you hold a CFD (Contract for Difference), you agree to settle the difference between the price when you open the position and the price when you close the position. You do not pay anything up front when you open a position, but are instead charged a financing cost. Conversely, if you have a short position, you are credited/paid interest.

Close a position

Close an investment by transacting the opposite trade. For example, if you bought USDJPY 100,000, you would have to sell USDJPY 100,000 to close the position.

Close rate

The price a position was closed at. This is not applicable to opening trades and will be the same as the trade rate.


Any fixed commissions and ticket fees that apply to trades of the specified trade size.

Contingent order

Contingent orders are the same as related trade orders. Several types are available: If Done (slave), where a slave order only becomes active if the primary order is executed. One Cancels the Other (O.C.O.) where the execution of one order cancels the other. Three-way contingent orders are also available where two orders are placed if (If Done) a primary order is executed. These orders are themselves related as O.C.O. orders, allowing both a stop loss and a profit taking order to be placed around a position.

Contract for Difference (CFD)

A CFD is a derivative of a stock product and is used for trading. The CFD price behaves exactly like the underlying stock price. CFD trading offers a number of advantages over traditional stock trading, for example, trading on margin and direct (immediate) trading instead of waiting for a trade order to be filled on an exchange.

Conversion rate

Transfers and profit/losses from trades are converted into the base currency of the account based on the day's prevailing exchange rate.

Cost to close

The cost of closing your positions, for example, commissions and trading fees.

Counter currency

In Forex, the currency that the investor pays with or receives when trading. For example, in EURUSD the variable currency is USD, for example, one unit of EUR is worth a variable amount of USD. When you buy EUR, you pay with USD, and when you sell EUR, you receive USD. The other currency (EUR in the example above) is called the base currency.


Select the currency cross to trade, for example, USDJPY. USDJPY means that you trade U.S. dollars against Japanese yen. If you buy, you buy dollars and pay in yen, and if you sell, you sell dollars and receive yen.

Currency trading

Currency trading is an alternative term for Forex trading, FX trading and Foreign Exchange trading. Saxo Bank is the provider of an online currency trading platform.