Patient
Waiting for certain levels or news events to hit the market before entering a position.
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Sit on Hands
Staying out of the markets due to directionless, choppy or unclear conditions, allowing time to analyse and enter at optimal moments rather than holding positions in hope.
Read full definitionKeep the Powder Dry
To limit trading due to inclement conditions. In choppy or extremely narrow markets, it may be better to stay on the sidelines until a clear opportunity arises.
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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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