Base Currency
The first currency quoted in a currency pair on forex, which is typically considered the domestic currency or accounting currency.
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The first currency quoted in a currency pair on forex, which is typically considered the domestic currency or accounting currency.
« Back to Glossary of Futures Terms
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The risk of loss in trading commodity futures and options is substantial. Before trading, you should carefully consider your financial position to determine if futures trading is appropriate. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.
If you access and use this website, you accept and agree to be bound by, and comply with, the legal terms of use that must be accessed and read by clicking on the link "Disclaimer". You should access and read the Disclaimer before using this website. Changes may be made to the Disclaimer at any time without notice. Accordingly, you also agree to review the Disclaimer regularly and your continued access or use of the website means that you agree to any changes to the Disclaimer.
*Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all or more of your investment therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.
Currency trading is not conducted on a regulated exchange, and as a result there are associated risks with forex trading.
The transactions you are entering into with RJO Futures are not traded on an exchange. Therefore, under the U.S. Bankruptcy Code, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures and options contracts, which receive a priority in bankruptcy. Since that same priority has not been given to funds used for off-exchange forex trading, if RJO Futures becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with RJO Futures, your claim may not receive a priority. Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that RJO Futures keeps separate from its own operating funds may not be safe from the claims of other general and priority creditors.
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