BRIC

Trading Basics

BRIC

BRIC stands for the emerging economies – Brazil, Russia, India and China.

Other Trading Basics

Closing Trade

A trade to close a position. Most trading requires the trader to place the opposite trade to that done when opening their position.

This will crystallise the profit or loss.

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Averaging Down

Once an initial long trade is place this is the practice of opening additional positions at a lower price with the view of bringing the average opening price of the position down.

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Cash or Spot Market

Also known as a spot market, cash markets are different to futures contracts, as commodities are traded immediately for cash at the current market price.

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