Trading Basics
Libor
London Interbank Offered Rate. The rate at which banks are happy to lend to each other for 3 months.
Other Trading Basics
Averaging Down
Once an initial long trade is place this is the practice of opening additional positions at a lower price with the view of bringing the average opening price of the position down.
Close to the Money
In options trading when the underlying price of the security is close to the strike price of the option.
Buy Stop
An order type where the trader wishes to go long above the current market price.
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