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Feb 12, 2012 08:33PM GMT
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Non-Deliverable Forward - NDF |
| A cash-settled, short-term forward contract on a thinly traded or non-convertible foreign currency, where the profit or loss at the time at the settlement date is calculated by taking the difference between the agreed upon exchange rate and the spot rate at the time of settlement, for an agreed upon notional amount of funds. |
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My Most Consistent Strategy For Day Trading The Emini S&P
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