Credit Account

Trading Basics

Credit Account

For those with excellent credit some brokers will provide a credit account. This means the trader puts up less margin.

Other Trading Basics

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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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.

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Start learning

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