Trading Basics
Long Position
When a trader is betting the price will rise, they will take a long position.
Other Trading Basics
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.
Bid
Traders can go short at the bid price.
The terminology is from the broker point of view, they are bidding to buy from you.
Currency Options
A option is the right to buy or sell something in the future but not the obligation. A currency option is on an FX market.
