Day Trader
A speculator who takes positions in products and then liquidates them prior to the close of the same trading day.
Related terms
Day Trading
The practice of opening and closing positions within a single trading day to profit from short-term price movements, avoiding overnight positions.
Read full definitionForex Scalping
A style of day trading where currency pairs are bought or sold with very short holding times, from seconds to minutes, in the hope of making several quick profits. Gains are usually small, around 5 to 20 pips per trade, though traders can enlarge position sizes to enhance them.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
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