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.
Other Trading Basics
Candlestick Chart
A type of chart using a security’s opening, closing, high and low price for a particular period.
Bulls
Bulls are market participants and commentators that believe the price of a security will rise.
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.
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