Asian Development Bank (ADB)
What is the Asian Development Bank (ADB)? The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank was set up in 1966 under the leadership of Japan as one of the first industrialized states in Asia. The ADB finances development projects in its member states across Asia. As of...
First World
What Does “First World” Mean? The modern definition of “first world” is used to classify countries that are highly industrialized and with advanced economies. First-world countries include the United States, Canada, Japan, and Western European countries. Historical Definition of “First World” The use of the term “first world” initially arose during the Cold War and...
Underlying Security
What is an Underlying Security? Underlying security is a term in investing that denotes the negotiable financial instrument upon which a financial derivative, such as an option on a stock – is based. Therefore, the value of the underlying security also determines the value of its financial derivative. A financial derivative is defined as a...
Underlying Asset
What is an Underlying Asset? Underlying asset is an investment term that refers to the real financial asset or security that a financial derivative is based on. Thus, the value of the underlying asset drives the value of the financial derivative. (A derivative is simply a financial security or instrument that is derived from another...
Fractal Indicator
What is the Fractal Indicator? The fractal indicator is a trading indicator used in technical analysis that is used to identify potential trend reversal points in a market. It was developed by a renowned trader, Bill Williams, and therefore is also referred to as the Williams Fractal Indicator. Williams presented the fractal indicator in his...
