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Value Date

 

Determines the price of a currency (for example) at a future date.

Variation Margin

 

When markets fluctuate considerably, additional margin (funds) from a trader may be required to keep a trading account at or above the minimum level.

Volatility

 

A term to describe the amount by which a currency exchange rate can increase or decrease, within the context of an overall trend. High volatility means large changes.