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A tradable symbol with a monetary value: forex cross (currency pair), stock ticker (for CFDs and stocks), and so on.
In finance, an instrument is a tradable asset. Financial instruments can be equity-based (representing ownership, like stocks), debt-based (representing a loan made by an investor to the owner, like bonds), or they can be derivative products.
Financial instruments are the building blocks of the trading and investment world. Each instrument has its own set of characteristics and risks, and understanding these is crucial for traders. The choice of financial instruments depends on the investment strategy, risk tolerance, and market conditions. Knowledge of various financial instruments allows traders to diversify their portfolios and optimise their investment strategies.