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What is a transaction?

Transaction is a basic concept in economics involving the sale and purchase of assets. The object of the transaction can be goods or services, and the buyer needs to pay the seller. In some cases, transactions may also include the exchange of goods and services.

In financial markets, assets that are traded are called financial instruments. There are many types of financial instruments, including stocks, bonds, currency pairs in the foreign exchange market, options, futures, margin products, digital currencies, etc. If you're not familiar with these terms, there's no need to worry. We will go into details in this article.