Trading Basics
ADR
American Depositary Receipts or ADRs. These are shares of foreign companies listed on exchanges in the USA in dollars.
They allow US investors to get access to overseas shares without the hassle of having to exchange currency, open brokerage accounts overseas and so on.
Other Trading Basics
Credit Account
For those with excellent credit some brokers will provide a credit account. This means the trader puts up less margin.
Convertible Stocks
A loan that the owner can convert to ordinary shares in that company, given a set of conditions defined in the original loan.
Close A Position
When a trader places a trade to reduce their position to zero.
They are closing their position.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.
