Trading Basics
Contingent Orders
These are orders that instruct a broker to another action if filled. The typical action is to place a stop or limit order on the trade.
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.
Controlled Risk Bet
A trade where the maximum downside is predefined, usually with a guaranteed stop-loss order.
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Learn the skills needed to trade the markets on our Trading for Beginners course.