Trader's Glossary

Hit the Bid

Slang term for buying an asset at the ask price or selling at the bid price.
Did you know?

U.S. President Richard Nixon is credited with enabling a free-floating currency system after ending the Bretton Woods Accord.

Word of the day
"Open Position" - A trade that has still not been settled.
Pro Tip

Try to stay away from bucket shops.

UP