Long

Trading Basics

Long

When a trader buys an asset they become long the asset and hope to profit from an increase in price.

Other Trading Basics

Balance

A summarised financial result of all funds deposited in, and withdrawn from the customer’s account, and of all closed positions in that account.

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Basis Point

A basis point is 0.01% and is typically used when quoting interest rate changes.

A move of 0.25% is described as 25 basis points.

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Asset Classes

Types of asset that have similar characteristics.

There are four broad classes: Equities, Foreign Exchange, Debt and Commodities.

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