Trading Basics
PIT
This was the physical location where traders used to trade. Now largely redundant and replaced with virtual trading.
Other Trading Basics
ASX 200
A term used for the index of the top 200 shares on the Australian Securities Exchange, also AUS 200.
Closing Trade
A trade to close a position. Most trading requires the trader to place the opposite trade to that done when opening their position.
This will crystallise the profit or loss.
Contrary Opinion
An approach to trading where traders take the opposite view and therefore the position of the retail participants in a market.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.
