15 trading terms every day trader should know
Intraday trading means that all trades are conducted within a single day. Whether the trader generates a profit or a loss depends on minute price movements. Most day traders look at intraday trading as a full-time job. To be a successful trader, it is necessary to understand everyday trading terms.
Common stock trading terms
- Ask price: The ask price, also known as offer price or ask, is the lowest price at which an owner is willing to sell stocks.
- Assets: An asset is any resource that a company owns in its name. This includes cash, land, technology, or any other kind of resource that contributes to its total wealth.
- Broker/brokerage firm: A brokerage firm or an agent is an institution that acts as an intermediary between the client and the stock exchange. Brokers buy and sell shares on behalf of the client.