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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Risk disclosure
TRADING GLOSSARY

Base currency

The base currency is the first currency in a pair. One lot is measured in units of the base currency.

EXAMPLE

In GBPUSD, the British pound is the base currency.

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Risk warning: 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. Glossary definitions are general education only and are not investment advice. Risk disclosure