Global markets Updated: 22 Feb 2017
11 terms you need to know to buy and sell stock
BBVA Trader offers a seamless and simple way to buy and sell stocks. Also, this platform aimed at users with trader or heavy-trader profiles and offers them a wide range of training and market and trend analysis tools.
If you are planning on trading in the stock market, this glossary will help you in your operations.
- Stockbroker: Is an individual that buys and sells shares on behalf of their customers.
- Orders: An order is a buy or sell instruction issued in the market. A market order is an immediate order to buy or sell at the best price available. A limit order allows buying or selling at a specific or better price.
- Order book: The book where the stockbroker reflects the interests of the people taking part in the stock market.
- Market depth: The entries in the order book with number of securities and buy/sell price.
- Auctions: Before the beginning and after the end of the trading session there is an auction period. While the auction is taking place, it is possible to enter market orders that will be crossed at the market opening or closing prices, as appropriate.
- Price range: They are the first entries in the order book, the best buy entry and the best sell entry. In other words, the highest prices that someone is willing to pay versus the lowest price that someone is willing to accept (in addition to the amounts).
- Last Price: This is the price of the last trade that took place in the market.
- Maximum: This is the highest prices for the operations that have taken place in the current session of the stock market.
- Minimum: The lowest price for which an operation has taken place in the current session.
- Volume: The number of shares traded in the current session of the stock market.
- Daily volume: the average number of shares traded in the market during a session.