What is a Trading Account? A trading account is an online investment account that traders use to purchase securities and monitor trades. It allows investors to buy and sell securities such as shares, commodities, foreign exchange, etc., in the public market. A trading account may also refer to a primary account for a day trader….
What are Trading Assets? Trading assets are securities that firms hold to resell for profit, rather than holding them for investment. They include different account components from the investment portfolio. Trading assets may include bonds and other fixed-income securities, positive market values from derivative financial instruments, foreign exchange rate contracts, as well as equity shares…
What is Technocracy? Technocracy is a form of government where people with immense knowledge in science and/or with technical expertise in an area, are elected to public office. The decision-makers are known as technocrats, and they are appointed or elected to hold office based on their expertise in a given field of knowledge. Consequently, the…
What are Technical Skills? Technical skills are the prerequisite expertise needed to perform complex tasks. Although the scope of a complex task is wide, it entails any task in which the response requires more than a single interaction, otherwise known as a multicomponent task, such as computational or physical technology. Practitioners versed in any subject’s…
What are Technical Job Skills? Technical job skills are unique knowledge and skills that an individual acquires and uses in executing complex tasks in their employment. Technical skills are synonymous with hard skills, and they are the opposite of soft skills. Technical job skills are acquired through education and extensive training and may become obsolete…
What is a Technical Indicator? A technical indicator is a mathematical pattern derived from historical data used by technical traders or investors to predict future price trends and make trading decisions. It uses a mathematical formula to derive a series of data points from past price, volume, and open interest data. A technical indicator is…
What is a Technical Analyst? A technical analyst is a professional with skills and relevant knowledge to explore the financial market and derive relevant temporal patterns that provide critical trading information. Technical analysts often work in brokerage houses, financial institutions, or in finance and investment agencies. Although most technical analysts focus on only one or…
What is a Technical Correction? A technical correction is a fall in the stock’s market value by 10% or more but not more than 20% after a series of extensive high gains in the previous closes. Technical correction can apply to individual assets such as bonds, commodities, or stock-market indexes, such as the S&P 500…
What is the Special Revenue Fund? A special revenue fund is a fund that is used by government entities to accumulate proceeds from certain revenue sources whose use is restricted to specific purposes or activities. The primary reason for establishing such a fund is to demonstrate accountability and transparency when tracking cash inflows and outflows…
What is the Standard Mileage Rate? A standard mileage rate is the dollar amount per mile imposed by the Internal Revenue Service (IRS) when calculating the deductible costs for business use of automobiles. The standard mileage rate is also known as deductible mileage or per diem. It can be used to reduce taxable income and…
