Intro b. QUELQUES DEFINITIONS DE BASE
{"Image DocumentName": "Intro b. QUELQUES DEFINITIONS DE BASE", "Image ImageDescription": "TechnicaAnalysisIUPFx /03/ :09. Intro b. QUELQUES DEFINITIONS DE BASE. March\u00e9=? Place=? Trading=? Position=? Les Instruments: Actions, Mati\u00e8res Premi\u00e8res, Taux, Monnaies. Indices: ne sont pas des instruments. D\u00e9riv\u00e9s: Futures, Options,\u2026, Certificats, Turbos. Donn\u00e9es: Prix (ouverture, cl\u00f4ture, +haut,+bas), Volume, Volatilit\u00e9. Echantillonnage: /Temps (jour, intraday), /Tick, \u2026 3. Types de Repr\u00e9sentation: Courbes, Barres, Bougies, EquiTick, EquiVolume,\u2026 TRADING is: Negotiating (buying or selling) financial instruments on a market. MARKETS and STOCK EXCHANGES: Chicago Mercantile Exchange(CME, Globex), Nasdaq, NYSE, London , Eurex, Euronext, Tokyo, Mumbai, Hong-Kong\u2026 POSITIONS: No Position: Liquid, or in cash Long Position: you bought an instrument Short Position: you sold an instrument that you don\u2019t own (you rented it) 1.a.1 Instruments. Assets. Indexes. Derivatives (Hedging) 1.a.1.a Assets. Shares - Funds - Equities or Stocks(as in Capital)) Commodities. Currencies ~ Exchange Rates (Foreign Exchange Forex) Bonds ~ Interest Rates. 1.a.1.b Indices. Weighted averages. Not Tradable: indicators only. Used as Underlying value in Derivatives (see below) Market indices: DJIA, S&P500, Nasdaq, Footsy, Cac40, Dax\u2026 Sector Indices: Transport, IT, \u2026 1.a.1.c.1 Derivatives (Types) Options ( ~ Warrants): Call or Put, Underlying asset, Strike price, Maturity Time, Volatility (Black and Scholes model) Futures/Forward Underlying asset, Delivery date. Swaps Specific bilateral agreements. Others (Certificates, Turbos,\u2026) Validity dead line. 1.a.1.c.2 Derivatives (Examples) Index: E-mini Nasdaq100 Future-Dec07. Dax Index Future-Dec07. Cac Index Future-Nov07. Money market: Eurodollar Future-Dec07. Bonds: Bund Future-Dec07. Single Stock: Put Alcatel, strike 8, Dec07. 1.a.1.c.3 Derivative (Definition) Contract derived from the value of an underlying asset or index, at a specified \u00ab Maturity date \u00bb (with, in some cases, a \u00ab Strike \u00bb value or objective) Used to cover risk (Hedging) on positions (long or short), which have been directly taken on a related instrument. 1.a.2 Quantifications. Value: Price or Rate Open, High, Low, Close. Volume traded ( except for indices) Volatility Historical Volatility= Standard Deviation Implied Volatility, derived from Options Average True Range, ATR=Risk/Time Sample. in blue: data feed. In purple: computed from options and transmitted as data feed in red and orange: computed from data feed. 1.a.3 Types of Representation. Curves. Bars. CandleSticks. Volume bars. Tick bars. \u2026 \u00a9Yves BENOIT \u00a9Yves BENOIT", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}