Trading Basics
Deep Out of the Money
In options trading, this means when the strike price is the wrong side of the current price and a long way from it. The option is out the money and there is little chance of it being in the money.
Other Trading Basics
Chartist
A market participant or commentator that uses charts to analyse the price of a security.
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.
Currency Futures
A future is an agreement to buy or sell something at future point in time. A currency future is when that agreement is on an FX market.
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Learn the skills needed to trade the markets on our Trading for Beginners course.