Trading Basics
Closing Price
A security’s last price in a trading period.
Other Trading Basics
Balance
A summarised financial result of all funds deposited in, and withdrawn from the customer’s account, and of all closed positions in that account.
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.
Carry Trade
A forex trading strategy of borrowing funds in a low-interest rate currency and buying assets in higher yielding currency.
For years this was selling Yen to buy Dollars.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.
