Trading Basics
Black Box Trading
Also referred to as automatic or algorithmic trading.
The trader does not need to see the system in operation, in effect its a black box.
Other 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.
Currency Options
A option is the right to buy or sell something in the future but not the obligation. A currency option is on an FX market.
Commodities
A commodity is a basic good where the quality of the product won’t differ depending on where it’s sourced.
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