Trading Basics
Contract Month
The month during which a contract or bet expires
Other Trading Basics
Bid
Traders can go short at the bid price.
The terminology is from the broker point of view, they are bidding to buy from you.
Contingent Orders
Orders that instruct a broker to another action if filled. The typical action is to place a stop or limit order on the trade.
Cut and Reverse
When a position is fully reversed and an opposing position taken in a single trade.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.
