14-01-2020 | Marco Lassche |
Nowadays the youth use apparently ‘stacks’ as a nickname for money. In forex we use already for a long time nicknames…
Recently I heard my son talking to one of his friends on the play station: “Hey bro, we need more stacks to go to the next level.”
“Hey Mate, I need a Cable (GBP/USD) in two”. Later on I understood, this meant I want a price quote for a GBP/USD in 2 million GBP at which you can buy/sell GBP against the USD.
Now you know that stacks is money, and a cable is GBP/USD, it is time for some more nicknames in currency (pairs), and some background explanation:
Please feel free to contact me if you need any further information or assistance in setting up a more professional framework for controlling your financial risks and cash management in a more efficient way.
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