Trading Basics

PIT

This was the physical location where traders used to trade. Now largely redundant and replaced with virtual trading.

An order type where the trader wishes to go long at the limit price or lower.

Anything that is owned that is expected to generate a return to the owned.

Opposite to a liability.

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.

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