Trading

First In First Out (FIFO)

An asset-management and valuation method where assets acquired or produced first are used, sold or disposed of first.

Related terms

Closed Position

A trade that is no longer active, closed by trading in the opposite direction to the one in which it was opened. Closing a position locks in its final profit or loss.

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Aggressive

A description of traders and/or price action acting with conviction.

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Arbitrage

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.

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Trading

At 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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Trading

At or Better

An instruction given to a dealer to buy or sell at a specific price or better.

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Trading

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.

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Trading