Partly-Paid Shares
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Shares which have been issued with only part of their value paid, for example shares may be issued with a par value of $1.00, of which only 50 cents has been paid, with a further 50 cents still owing. Also known as Contributing Shares.
Pip
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Normally used in reference to forex rates, a 'percentage in point' is generally, though not always, the fourth decimal place, i.e. 0.0001. Traditionally a pip was the smallest point by which a forex rate could move, but this is no longer the case.
Pivot points
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Used in technical analysis, pivot points use the previous period’s high, low and close to calculate the current period’s support and resistance levels.
Portfolio
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A collection of investments owned by an individual or company.
Position
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An open trade that you have in the market.
Position margin
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The amount of equity that a CFD trader is required to pay in order to open a new position.
Position sizing
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The size of a position within a particular portfolio. It’s also associated with a risk management technique where an investor calculates the size of each new position so that the maximum likely loss on the position does not exceed a certain amount or a certain percentage of their capital.
Pre-open
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The period before the market in a security opens. Bid and offers can be placed, but no trades will occur
Preference Shares
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Shares that rank before ordinary shares in the event of liquidation.
Price depth
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The feature of our platform which quotes multiple prices for a particular product, reflecting the prices available for orders of different sizes.
Price/Earnings ratio (PE)
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The number of times the price covers the earnings per security over a twelve month period. Investors commonly use this ratio to measure the attractiveness of particular shares and to compare shares in one company with those in another.
Producer Price Index (PPI)
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A statistic that measures changes in the price of finished goods and services sold by producers.
Profit and loss (P&L)
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An account compiled at the end of an accounting period to show gross and net profit or loss. In CFD trading, it indicates money gained or loss incurred on a position.
Purchasing Managers Index (PMI)
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An indicator of economic activity created through surveys completed by mangers in a number of manufacturing companies. It provides a picture of economic conditions within the manufacturing sector, and is often used by investors to predict future GDP numbers for a country's economy.
