Trader's Glossary

Discretionary Account

A trading account which a company or a trader handle on behalf of the account holder. A Discretionary Account is also known as Managed account or Controlled account.
Did you know?

Have you ever heard of Monte Dei Paschi di Siena? Founded in 1472 in Tuscany, Italy, it is considered to be the world’s first actual bank and is still in operation today.

Word of the day
"Straddle" - The strategy of employing limit orders to trade on significant price movements in either direction.
Pro Tip

Always keep an eye on broker reviews.

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