A theoreticallystraight man who likes to "sit back and get serviced" by gay/bi men, with little or no sexual reciprocation. (Note: It is specifically the lack of interest in reciprocating that defines a man as "trade.")
"Hey, Adam, I hooked up with that married guy who answered my M4M ad on craigslist!"
-- "Wow, Steve, I didn't know you were into chasing after trade!"
-- "No, dude, he turned out to be just as horny for my cock as I was for his... I don't go for those 'no-reciprocation' trade scenes."
A young hyper-masculine looking gay man, usually black or latino in urban contexts. Trade typically dress in urban clothing and play to the thug stereotype. The term "trade" originated from the notion that these men were only gay for pay-- thus they would "trade" sex for money. In recent years, the term has come to refer to any gay men of color who dress in hip-hop inspired clothing and play into the masc fetish.
"Damn he's so fine... is he straight or is he trade?"