Look up any forex or CFD term in plain English. Type to search 44 definitions, A to Z.
The price at which you can buy a currency pair; the higher side of the quote.
The first currency in a pair — the one you're buying or selling.
A market in a sustained downtrend, where prices are generally falling.
The price at which you can sell a currency pair; the lower side of the quote.
A market in a sustained uptrend, where prices are generally rising.
Contract for Difference — a product that lets you trade price movements without owning the asset.
A fee charged per trade, common on raw-spread accounts like ECN.
The peak-to-trough drop in your account balance over a period.
Electronic Communication Network — matches orders for raw, institutional pricing.
Your account balance plus or minus the profit/loss of any open trades.
A currency pair involving an emerging-market currency, e.g. USD/TRY.
Studying economic data, policy and news to judge where a market is headed.
Opening a position to offset the risk of another — reducing net exposure.
Know Your Customer — the identity verification required to open an account.
Using a small deposit (margin) to control a larger position; magnifies gains and losses.
How easily an asset can be bought or sold without moving its price.
A buy position, opened when you expect the price to rise.
A standard unit of trade size; one standard lot is 100,000 units.
A highly liquid currency pair that includes the US dollar, e.g. EUR/USD.
The deposit required to open and maintain a leveraged position.
A warning that your equity is approaching the margin needed to hold positions.
A cross-currency pair that does not include the US dollar, e.g. EUR/GBP.
A safeguard ensuring you can't lose more than your deposit.
An instruction to buy or sell — market, limit, stop or trailing.
The smallest standard price move on a pair, usually the 4th decimal place.
A tenth of a pip — the 5th decimal place shown on some quotes.
An open trade you currently hold in the market.
The second currency in a pair — the one you pay with.
A price level where selling tends to halt a rise.
The ratio of what you risk on a trade to what you aim to gain.
Interest paid or earned for holding a position overnight.
The overall mood or positioning of traders toward a market.
A sell position, opened when you expect the price to fall.
The difference between the expected and executed price of a trade.
The gap between the bid and ask price — your cost to enter a trade.
An order that automatically closes a trade at a set level to cap losses.
The level at which positions are auto-closed to protect your account.
Straight-Through Processing — orders routed directly to liquidity providers.
A price level where buying tends to halt a fall.
An account type without overnight interest, often for religious reasons.
An order that closes a trade once your target profit is reached.
Studying charts and price action to forecast future moves.
How much and how quickly a market's price moves over time.
The number of units or lots traded over a given period.
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