Trading Basics
American Option
An option that can get exercised at any time during its life.
European options can only be exercised at the end.
Other Trading Basics
Close A Position
When a trader places a trade to reduce their position to zero.
They are closing their position.
Basis Point
A basis point is 0.01% and is typically used when quoting interest rate changes.
A move of 0.25% is described as 25 basis points.
Account History
This refers to a traders account with their broker.
It is a register of their completed transactions, balances and orders.
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