Glossary · C
What is CFD (Contract for Difference)?
An agreement with your broker to settle the difference between the opening and closing price. You own nothing; the broker (or its partner) is the other side; volume shown is usually tick volume from that broker's feed. XAUUSD is the common gold CFD.
In context
- CFDs (for example, the symbol XAUUSD). A contract for difference is a private agreement with your broker to settle the difference in price between when you open and when you close. You own nothing except that agreement. XAUUSD is the standard symbol for "gold (XAU) priced in US dollars (USD)", and it is the symbol most retail traders on platforms such as MetaTrader or TradingView know.
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