Home » Discretionary Account

Discretionary Account

« Back to Glossary Index

Last Updated on: 30th September 2020, 06:29 am

An account in which the account holder gives power to a company or trading body to handle buy/sell transactions. The trading body also has the power to choose which currencies to buy or sell.

This account type is also referred to as a managed or controlled account.

Related
Monetary Policy

Monetary policy refers to the actions taken by a nation’s central bank to influence the availability and cost of money and credit to Read more

Kathy Lien

Kathy Lien is an expert in global currencies, author, and Managing Director of BK Asset Management. For retail FX traders back Read more

European Parliament

The European Parliament is the European Union’s law-making body. It is directly elected by EU voters every 5 years. It is a Read more

Open Position

An active trade that has yet to be closed.

« Back to Glossary Index