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
Ask Price
The ask price is the level at which a seller is willing to accept a bid on a security.
The ask price is always higher than the bid price.
Also known as the offer price.
At The Money
A term used in options trading where the strike price of the option is similar to the current underlying spot price of the instrument.
Automated Trading
Where the buying and selling of securities is automated and driven by algorithms.
