Business Investing Day Trading
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Global day - The global day is a modern banking term used in international trading situations. For example, from a London business perspective, the global day starts 8 hours early when Singapore opens for business.
Day trading - Day trading most commonly refers to the practice of buying and selling stocks during the day such that at the end of the day there has been no net change in position: for every share of stock bought an equivalent share is sold. A gain or loss is made on the difference between the purchase and sales prices.
Christmas Day (Trading) Act 2004 - The Christmas Day (Trading) Act 2004 is an Act of Parliament of the Parliament of the United Kingdom that prevents shops over 280 sq m/3,000 sq ft from opening on Christmas Day. The Act only applies in England and Wales.
Free ride - Free Ride is a term used in the stock-trading world to describe the practice of using an under-capitalized cash account to carry out what essentially amounts to margin buying. Since stock transactions usually settle after three business days, a crafty trader can buy a stock and sell it the following day (or the same day), without ever having sufficient funds in the account.
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