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Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - G Gapping Gapping is when the price of an asset moves higher or lower without any price activity in-between the pre-gap and post-gap prices. Learn more about Gapping. GDP Also known as Gross Domestic Product (GDP), it is the total value of goods and services manufactured in a country over a period of time.

It can also be used as the size and health indicator of a country's economy. Gearing ratio Gearing is a measurement of a company's financial leverage. In this context, leverage is the amount of funds acquired through creditor loans – or debt – compared to the funds acquired through equity capital.

Gross margin The amount of profit a company makes from its revenue is termed as Gross margin. GTC order This stands for `good `till cancelled` and is an instruction to buy or sell an asset at a specific limit. The order will remain valid and working in the market until it is either filled or cancelled.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - W West Texas Intermediate (WTI) West Texas Intermediate (WTI, also referred to as Texas Light Sweet) is an oil benchmark that is central to oil commodity trading. It is one of the three major oil benchmarks used in trading, along with Brent crude and Dubai/Oman. Working Order A Working Order typically refers to either a stop or limit order to open.

Working Orders are used to advise your broker to execute a trade when your desired tradable asset reaches a specified price. Learn more about Working Orders

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - V Variable costs Variable cost refers to an expense which is subject to change when a products sales volumes change. Costs will typically increase or decrease when sales drop or rise, respectively. VIX Short for the Chicago Board Options Exchange Volatility Index, the VIX is used to track S&P 500 index volatility.

It is arguably the most well-known volatility index on the market. Learn more about VIX Volatility A market’s volatility is its likelihood of making major, short-term price movements at any time. A high level of volatility can provide opportunity to make profitable trades in a short period of time.

Learn more about Volatility Volume Volume in trading refers to the amount of a particular asset being traded over a certain period of time. It's typically presented alongside price information and offers an extra dimension when examining the price history of an asset. Learn more about using Volume in trading.

Volume-weighted average price VWAP is a technical analysis tool which shows the ratio of an asset's price to its total trade volume. the VWAP provides traders with a measure of the average price a stock has traded at over a given period of time.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - U Unborrowable stock The stock that no one is willing to lend out to short sellers is known as an Unborrowable stock. The traditional means of short selling is impossible, when shares in a company are unborrowable.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - T Take profit (TP) Learn more about Trading with a Profit Target (Take Profit) Strategy. Tangible assets Tangible assets are a companies physical assets, such as real estate holdings, machinery, manufacturing or computer equipment, and raw materials of value, e.g. timber, ore, etc. Technical analysis Technical analysis is the examination and prediction of price movements in a financial market.

Analysts aim to form accurate predictions of future price movements using information such as historical data, market statistics, trader sentiments and current events impacting a given market. Tom-next Short for ‘tomorrow-next day’, Tom-next is the process of rolling a Forex position from one spot day to the next. This is also sometimes referred to as "the cost of carry" or "financing adjustment".

Trading floor Also referred to as a "trading pit", the trading floor is the area in an exchange where assets are traded. This is most commonly associated with stock and futures exchanges. Trading journal Learn more about using a Trading Journal.

Trading plan A strategy used by individual traders to evaluate assets, risk management and types of tradings. A trading plan will typically be composed of the expected term of trading, and how to accomplish the traders objectives in that time frame. Learn more about Trading Plan Trailing stop A trailing stop is modified type of stop-loss order that automatically follows positive market movements of traders asset.

If the traders position moves positively but then reverses, a trailing stop will lock in the current profit and close the traders position. Learn more about using a Trailing Stop strategy. Treasury stock Treasury stocks are a portion of a company’s shares that it keeps in its own treasury.

These shares do not pay dividends - because a company can't pay itself - and do not count towards the number of shares listed. Trend A sustained upward or downward movement of a particular market or asset. Identifying the beginning of a trend as the time to purchase/open a position, and forecasting the end of trends as the time to sell/close a position, is a key part of market analysis.

Trending shares A company's stock is considered a "trending share" when it moves significantly in comparison to its underlying index; the trend can be up or down, and can represent significant gain or loss.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - S Scalp "Scalping" is the process of opening and closing a position very quickly, with the goal of profiting from small price movements. SEC The SEC is the US Securities and Exchange Commission. It is the government agency which regulates markets United States to protect investors.

It also oversees mergers and acquisitions of companies. Sectors A sectors is a division within an economy or market, used for analysing and comparing companies with activities and interests. Share buyback A share buyback is when a company buys back its own shares back from private investors.

Once shares are bought back by the company they are considered cancelled, but can be redistribution in the future. Share buybacks are sometimes done as a tax-efficient way to return money to shareholders. Learn more about Share Buybacks Share price The share or stock price is the amount it costs to buy a single share of a company.

This price is determined by the market and fluctuates. Share prices typically increase when a company is regarded as having a promising future, or when it reports better than expected earnings, and will fall when reporting missed expectations. Share prices may also fall following news or events expected to impact the company negatively.

Shares (stocks, cash equities) A shares is a unit of ownership in a company, usually traded on the stock market. They are also referred to as cash equities or stocks. Short Short describes a trade that will incur profit if the asset being traded decreases in price.

This is also referred to as going short, shorting or short-selling. Learn more about Short Trading Short squeeze When an asset starts to move up in price, this can cause traders holding short positions to rush to cover their positions and minimize potential losses. Learn more about Short Squeeze Short-selling The act of selling an asset that you do not currently own.

The hope of short-selling is that the asset will decrease in value, at which point the trader can close their trade for a profit. In contrast to this, if a shorted asset rises in value, closing the position results in a loss for the trader. Slippage Slippage is when the price an order is executes at does not match the price at which it was made.

Smart order router (Smart order routing) Smart order routing is an automated online trading process that looks for trading liquidity, and is used as an indicator in certain trading strategies. SNB Abbreviation for the Swiss National Bank, the central bank for Switzerland. Spot Price The spot price refers to the price of an asset at any given time, available for immediate purchase/delivery at that moment.

Spread Spread refers to the difference in price between the bid(buy) and offer(sell) price for a tradable asset. Stock exchange A stock exchange is a centralised location where a publicly traded companies shares are traded. Stock exchanges tradable assets are limited to stocks, bonds and exchange traded products.

There are many major stock exchanges operating in different countries, e.g. the New York Stock Exchange and Nasdaq in the United States, the Japan Exchange Group, Honk Kong Stock Exchange, London Stock Exchange, Swiss Exchange, and more. Stock index A stock index is a group of shares used to paint a general picture of a particular sector, exchange or economy. Stock indexes are typically made from a certain number of the top shares from a given exchange, e.g. the ASX200 is based on the 200 largest stocks listed on the Australian Stock Exchange.

Stock symbol A stock symbol is an abbreviation used to identify the shares of a publicly traded companies. e.g. the stock symbol of Apple Inc. on the Nasdaq is NASDAQ:AAPL. Stop Loss Order A stop loss is a limit order which triggers a trade at a predetermined price. Stop loss orders are useful for closing positions in response to a sudden unfavorable market movement, e.g. in the event the value of an asset suddenly crashes, a stop loss order can automatically sell the asset when it reaches a specified price to limit losses, rather than continuing to hold the asset while it continues to fall in value.

Strike Price The strike price is the agreed price for an underlying asset, this price forms the basis of an options contract. Support level Support level refers to a price price which a given asset may have difficulty falling below, due to a majority of traders looking to buy around this price. Swaps Learn more about Swaps.