Trading Basics

Contingent Orders

These are orders that instruct a broker to another action if filled. The typical action is to place a stop or limit order on the trade.

A trade where the maximum downside is predefined, usually with a guaranteed stop-loss order.

This refers to a traders account with their broker.

It is a register of their completed transactions, balances and orders.

Also referred to as automatic or algorithmic trading.

The trader does not need to see the system in operation, in effect its a black box.

Learn the skills needed to trade the markets on our Trading for Beginners course.

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