Trading Basics
Buy
When a trader goes long a financial instrument they will buy it.
Other Trading Basics
Closing Trade
A trade to close a position. Most trading requires the trader to place the opposite trade to that done when opening their position.
This will crystallise the profit or loss.
Balance of Payments
Also BoP. This is the difference between payments into or out of a country. It can be negative or positive and is used by traders in fundamental analysis.
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Learn the skills needed to trade the markets on our Trading for Beginners course.