Trading Basics
FOMC
The Federal Open Market Committee is the branch of the Federal Reserve bank in charge of monetary policy decisions.
Other Trading Basics
Book Building
When a new share is issued book building is the process institutions go through to gauge demand and therefore price.
This goes on before the share is available to trade on the exchange.
Black Box Trading
Also referred to as automatic or algorithmic trading.
The trader does not need to see the system in operation, in effect its a black box.
Averaging Down
Once an initial long trade is place this is the practice of opening additional positions at a lower price with the view of bringing the average opening price of the position down.
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Learn the skills needed to trade the markets on our Trading for Beginners course.