Trading Basics
Bottom Fishing
When a trader buys an asset cheaply at the bottom of its fall.
Other Trading Basics
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.
Bid-Ask Spread
The difference between the price the trader and buy at and the price they can sell at.
Also bid-offer spread. The wider the spread, the more the trader pays, reactively.
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Learn the skills needed to trade the markets on our Trading for Beginners course.