Trading Basics
Day Order
When a trader places and order that is open for the day. If the price is not hit during that day the order expires.
Other Trading Basics
Arbirtage
Simultaneously buying and selling a security at two different prices in two different markets, with the aim of making a profit without the risk of prices fluctuating.
Blue Chip
Well established, big companies.
A blue chip is an expensive chip on the poker table
Counterparty
You need at least two parties in a financial transaction, they are counterparties.
