WTI

Trading Basics

WTI

West Texas Intermediate oil is a type of oil. Because of its constituent elements and cost to transport, it can differ in price to other oil types, like Brent Crude.

Other Trading Basics

Cable

Another name for the GBP – USD exchange.

Around half a trillion dollars is traded between the two currencies everyday, making it the third most popular currency pair to trade in behind EUR – USD and USD – JPY.

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Alerts

Where the broker or a third party sends a notification to a trader that a securities price has hit a certain preset condition.

A useful tool that allows traders to go make a cup of tea.

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Bid-Ask Spread

The difference between the price the trader and buy at and the price they can sell at.

Also bid-offer spread. The wider the spread, the more the trader pays, reactively.

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