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CFD — a Contract for Difference: Special trading instrument that allowsMORE Cable: A Forex traders slang word GBP/USD currency pair.
Elliott Waves: A set of principles for chart analysis based on 5-wave and 3-wave patterns.
Fibonacci Retracements: The levels with a high probability of trend break or MORE Flat (Square): Neutral state when all your positions are closed.
Fundamental Analysis: The analysis based only on news, economic indicators and global events.
Loss: The loss from closing long position at lower rate than opening or short position with higher rate than opening, orMORE Lot: Definite amount of units or amount of money accepted for operations MORE
Margin Call: Demand of a broker to deposit more margin money MORE Market Order: Order to buy or sell a lot for a current market price.
Market Price: The current price for which the currency is traded for on the market.
Momentum: The measure of the currency’s ability to move in the given direction.
Moving Average (MA): One of the most basic technical indicators. It shows MORE
Open Position (Trade): Position on buying (long) or selling (short) for a currency pair.
Order: Order for a broker to buy or sell the currency with a certain rate.
Pivot Point: The primary support/resistance point calculated basing MORE Principal Value: The initial amount of money of the invested.
Profit (Gain): Positive amount of money gained for closing the position.
Resistance: Price level for which the intensive selling can lead to price increasing (up-trend).
RSI (Relative Strength Index): Indicator that measures of the power of direction price movement by comparing the bullish and bearish portions of the trend.
Settled (Closed) Position: Closed positions for which all needed transactions has been made.
SL: See Stop-Loss Order.
Slippage: Execution of order for a price different than expected (ordered), MORE Spread: Difference between ask and bid prices for a currency pair.
Standard Lot: 100,000 units of the base currency of the currency pair, which you are buying or selling.
Stop-Limit Order: An order to sell or buy a lot for a certain price or worse.
Stop-Loss Order: An order to sell or buy a lot when the market reaches certain price.MORE STP (Straight Through Processing): An order processing that doesn’t require any manual intervention and is fully automatic. MORE
Support: Price level for which intensive buying can lead to the price decreasing (down-trend).
Swap: Overnight payment for holding your position. Since you are not physically receiving the currency you buy, your broker should MORE
Technical Analysis: The analysis based only on the technical market data (quotes) with the help of various technical indicators.
TP: See Take-Profit Order.
Trend: Direction of market which has been established with influence of different factors.
Useable Margin: Amount of money in the account that can be used for trading.
Used Margin: Amount of money in the account already used to hold open positions open.
VPS (Virtual Private Server): Virtual environment hosted on the dedicated server, which can be used to run the programs independent on the user’s PC. MORE
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