Trading Basics
Eurodollars
Dollar denominated deposits held outside the US, and thus outside the control of the US federal reserve. These deposits don’t have to be held in the euro area.
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.
Buy Stop
An order type where the trader wishes to go long above the current market price.
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Learn the skills needed to trade the markets on our Trading for Beginners course.