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
When a piece of analysis points to the market falling and the price instead goes up, trapping the bears.
Buy On Opening
When a trader buys at the beginning of a trading session.
A valuation of something using its net assets on the balance sheet.
A very rough way of valuing an asset because it ignores the intangibles.
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Learn the skills needed to trade the markets on our Trading for Beginners course.