Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Expiry date definition

The point when a trading position automatically closes is known as the expiry date (or expiration date).

Expiry dates are key to futures and options trades, as they involve predicting the movement of a market within a defined period of time. In the case of futures, profit or loss is decided automatically once the expiry date is reached.

Options give the trader the right – but not the obligation – to buy or sell an asset once it reaches a certain price, but only if it reaches that price before the option expires.

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