Trading Basics

PIT

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

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

Opposite to a liability.

For those with excellent credit some brokers will provide a credit account. This means the trader puts up less margin.

Aussie or Ozzie are short hand terms for the AUD/USD currency pair

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