Trading Glossary

Selling means you have gone short in anticipation of a market falling. You would also make a sell to close out an existing buy position.

The price at which Capital Spreads settles a position at expiry date. The basis of settlement for each contract can normally be found in the Capital Spreads Market Information Sheets.

For immediate delivery.

The difference between the buy and sell sides of our quote.

A pre-determined order to close an open position in a contract at a given price should that contract reach the price designated at some point in the future. An open sell would have a buy stop above the current quoted price and an open buy would have a sell stop below the current quoted price. Stop losses are mandatory and are generated by the trading system but they can be amended by you (subject to availability of sufficient 'Trading Resources' on your account). If a market gaps your stop loss may not be filled at the level you requested. In this event we always endeavour to close your trade at the best price reasonably achievable by LCG in the relevant underlying market. We also offer Guaranteed Stop Orders which protect you against any market gaps or slippage and there is a premium for this extra protection (see the Market Information).

A mandatory order to either buy above the current market level or sell below that level at a price specified by you.

A price level which is supposedly difficult for a particular market to fall below.