Glossary - B

This glossary defines terms used throughout SMC Trader.  A version of this glossary is also accessible through the SMC Trader platform.

The definitions are broken down as simply as possible to ensure you have full understanding of how the SMC Trader works.

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Breach »

When the price of an instrument trades through a specified level.

For example, if a the execution price for a limit order to buy is set at 100, and the price jumps from 105 to 95, the 100 price level has been breached and the order will become a market order and be filled as soon as possible.