Glossary of trading terms
Net position can either refer to the total value of all open positions, or the balance of long positions and short positions. In trading, this can mean the difference in value of all open trades in profit and all open trades running a loss, resulting in a net positive or net negative position. However, it can also refer to if a trader is net long or net short.
New York session
The New York session is a trading session that opens at 8:00 AM ET and closes at 5:00 PM ET. Typically, the first 45 minutes of the session are characterized by high volatility.
A no-touch option is a type of binary option where a trader would choose a strike price above or below the current market price and an expiration date. In order that you make a profit, the price of the underlying asset must not touch or exceed the strike price before the option expires.
Symbol for NYSE Composite index.