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
Cable
Another name for the GBP – USD exchange.
Around half a trillion dollars is traded between the two currencies everyday, making it the third most popular currency pair to trade in behind EUR – USD and USD – JPY.
Bear Trap
When a piece of analysis points to the market falling and the price instead goes up, trapping the bears.
Commission
A charge levied on a client to place trades in certain asset types. FX and CFD trading attracts commission.
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