Financial Instrument
a.k.a. Instrument
Any tradable contract or asset with monetary value, such as a currency pair, share, bond or option.
In plain English
Any tradable contract or asset with monetary value, such as a currency pair, share, bond or option.
A financial instrument is anything you can trade that represents money or a claim on it. On a platform, each currency pair, index or commodity listed is an 'instrument'.
They are often grouped into cash instruments (like stocks and spot currency) and derivatives (whose value comes from something else).
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