The language of markets
Trading terms,
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From ask price to zero-sum mechanics: concise explanations, practical examples and the detail that usually gets lost in the fine print.
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Risk & accountsAccount balanceAccount balance is the amount of money in a trading account after closed trades and account transactions, excluding the effect of current unrealized profits or...
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Risk & accountsAccount equityAccount equity is the current value of a trading account including open positions, typically calculated as balance plus unrealized profit minus unrealized loss.
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Trading stylesAlgorithmic tradingAlgorithmic trading is the use of computer rules to generate, route, or manage trade decisions and orders automatically or semi-automatically.
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CryptoAltcoinAn altcoin is any cryptocurrency other than Bitcoin. The term is informal and groups together assets with very different designs, functions, and risk profiles.
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Regulation & safetyAnti-money launderingAnti-money laundering (AML) is the set of laws, controls, and monitoring procedures designed to prevent criminals from disguising illicit funds as legitimate...
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Regulation & safetyAppropriateness testAn appropriateness test is a broker’s check, used for non-advised or execution-only services in some regimes, of whether a client has the knowledge and...
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Forex basicsAsian sessionThe Asian session is the period when Asia-Pacific FX trading is active, usually centered on Tokyo and other regional financial centers.
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Forex basicsAsk priceThe ask price is the price at which a dealer or market maker is willing to sell a currency pair to you. In a quoted pair, it is the higher side of the two-way...
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CryptoAutomated market makerAn automated market maker is a decentralized trading mechanism that prices swaps with a mathematical formula instead of a continuous order book. The pool’s...
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Market analysisAverage true rangeAverage true range is a volatility indicator that averages the true range over a chosen period, measuring how much price typically moves in each bar without...
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14 terms
Trading stylesBacktestingBacktesting is the process of evaluating a trading strategy, model, or rule set on historical data to see how it would have performed if it had been applied in...
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Forex basicsBase currencyThe base currency is the first currency listed in a currency pair. It is the unit being bought or sold, while the second currency in the pair shows how much of...
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Orders & executionBest executionBest execution is the duty to take reasonable steps to obtain the most favorable result for a client’s order, considering relevant factors such as price, costs...
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Forex basicsBid priceThe bid price is the price at which a dealer or market maker is willing to buy a currency pair from you. In a two-way quote, it is the lower side of the quote...
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Forex basicsBid–ask spreadThe bid–ask spread is the difference between the bid price and the ask price. In forex, it is a direct trading cost built into the quote: you buy at the ask and...
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CryptoBitcoin halvingA scheduled Bitcoin protocol event that cuts the block subsidy in half every 210,000 blocks, reducing the rate at which new bitcoin are issued.
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CryptoBlockchainA blockchain is a distributed ledger that records transactions in linked blocks across a network of computers. Each new block references earlier blocks, making...
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CryptoBlockchain bridgeA blockchain bridge is infrastructure that transfers tokens, messages, or other data between blockchain networks. Bridges connect otherwise separate chains, but...
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CryptoBlockchain oracleA blockchain oracle is a service or mechanism that brings external data or events into a blockchain environment for use by smart contracts. Because blockchains...
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Regulation & safetyBoiler room scamA boiler room scam is a high-pressure investment fraud in which callers or sales agents cold-call victims and use aggressive tactics, false claims, or...
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Market analysisBollinger BandsBollinger Bands are a volatility envelope made of a middle moving average and upper and lower bands placed a set number of standard deviations away from it.
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Market analysisBreakoutA breakout is a move in which price pushes beyond a defined support or resistance area, often after trading inside a range.
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Regulation & safetyBroker complaintA broker complaint is an oral or written expression of dissatisfaction about a broker’s service, conduct, or failure to provide a service, usually made so the...
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Regulation & safetyBroker licenceA broker licence is the legal permission a firm or person needs to act as a broker in a particular jurisdiction, usually subject to registration, authorization...
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27 terms
Market analysisCandlestickA candlestick is a chart display for one trading period that shows the open, high, low, and close price in a single bar-shaped marker.
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Forex basicsCarry tradeA carry trade is a leveraged position that borrows or funds itself in a lower-yielding currency and holds a higher-yielding currency or asset to seek a return...
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CFDsCash CFDA cash CFD is a contract for difference that settles in cash based on the price difference between entry and exit, rather than by delivering the underlying asset.
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Market analysisCentral bankA central bank is a public institution that manages a country’s currency, controls money supply and helps conduct monetary policy, often by setting interest rates.
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CryptoCentralized exchangeA centralized exchange is a trading platform run by a company that matches orders and typically holds customer assets in custodial accounts.
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CryptoCirculating supplyCirculating supply is the approximate number of coins or tokens currently available to the public and trading market, excluding units that are locked, reserved...
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Regulation & safetyClient money segregationClient money segregation is the practice of keeping client cash separate from a firm’s own operating funds, usually in designated accounts and subject to...
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Regulation & safetyClone firmA clone firm is a fraudulent business that impersonates a genuine authorised firm by copying its name, registration details, address, or website style to...
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CryptoCoinA coin is a crypto asset that runs on its own blockchain, rather than being issued on top of another network. In everyday use, people may also use “coin”...
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CryptoCold walletA cold wallet is a crypto wallet kept offline or isolated from internet access so the keys are less exposed to remote compromise.
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CFDsCommodity CFDA commodity CFD is a contract for difference whose underlying reference is a commodity price, such as oil, gold, silver, gas, or agricultural products, without...
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Market analysisConsumer price indexA consumer price index is a measure of the average change over time in the prices paid by consumers for a representative basket of goods and services.
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CFDsContract for differenceA contract for difference is a cash-settled derivative in which two parties exchange the difference between the opening and closing price of an underlying...
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CFDsContract sizeContract size is the amount of the underlying exposure represented by one CFD contract, usually stated as a fixed quantity per contract or point.
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Trading stylesCopy tradingCopy trading is an arrangement in which one account automatically or semi-automatically mirrors trades placed by another trader or strategy provider.
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Forex basicsCross currency pairA cross currency pair is a forex pair traded without the U.S. dollar on either side, such as EUR/GBP or AUD/JPY.
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CFDsCrypto CFDA crypto CFD is a contract for difference whose underlying reference is the price of a cryptocurrency or cryptoasset, such as bitcoin or ether, rather than the...
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CryptoCrypto custodyCrypto custody is the arrangement that determines who controls the keys or other access mechanisms needed to move crypto assets.
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CryptoCrypto market capitalizationCrypto market capitalization is the estimated total value of a crypto asset or the crypto market, usually calculated as price multiplied by circulating supply...
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CryptoCrypto miningThe process of using computing resources to validate transactions and add new blocks on a proof-of-work blockchain, typically in exchange for block rewards and...
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CryptoCrypto walletA crypto wallet is a tool that lets you manage access to crypto assets by holding or helping you use the keys needed to send and receive them.
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CryptoCryptocurrencyA cryptocurrency is a digital asset used as a medium of exchange, store of value, or unit of account, and typically transferred on a blockchain or similar...
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Forex basicsCurrency correlationCurrency correlation is the degree to which two exchange rates, or a currency pair and another market variable, tend to move together over a chosen period.
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Forex basicsCurrency interventionCurrency intervention is when a central bank or government buys or sells foreign currency to influence, support, or moderate the exchange rate.
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Forex basicsCurrency pairA currency pair is the quotation of one currency against another, showing how much of the quote currency equals one unit of the base currency.
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Forex basicsCurrency pegA currency peg is an exchange-rate arrangement in which a currency is tied to another currency, a basket of currencies, or a reference value, and the...
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CryptoCustodial walletA custodial wallet is a crypto wallet where a third party controls the private keys and holds the assets on the user’s behalf.
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Trading stylesDay tradingDay trading is a trading style in which positions are opened and closed within the same trading day, so the trader does not intentionally carry them overnight.
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CryptoDecentralized applicationA decentralized application is software whose core logic runs on a decentralized network, typically through smart contracts, rather than on a single company’s...
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CryptoDecentralized exchangeA decentralized exchange is a market for trading crypto assets that executes swaps through smart contracts or protocol rules rather than a centralized...
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CryptoDecentralized financeDecentralized finance is a set of financial applications built on public blockchain infrastructure that use smart contracts to provide services such as lending...
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Risk & accountsDemo accountA demo account is a simulated trading account that lets a user place practice trades with virtual funds and market data, without opening real-money positions...
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CryptoDepegA depeg is the loss of a stablecoin or other pegged asset’s intended exchange value relative to its reference price, such as a one-to-one peg against a currency...
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Orders & executionDirect market accessDirect market access is an arrangement that lets a client submit orders directly to a trading venue through a broker’s infrastructure or trading code, with the...
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CFDsDividend adjustmentA dividend adjustment is a cash adjustment applied to some share CFDs when the underlying share goes ex-dividend, designed to reflect the economic effect of the...
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Market analysisDovishDovish describes a monetary policy bias toward easier conditions, usually to support growth or employment, and often implies a greater willingness to cut rates...
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Risk & accountsDrawdownDrawdown is the decline in an account, portfolio, or strategy from a prior peak to a later lower value, usually measured as a percentage or amount.
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5 terms
Orders & executionECN brokerAn ECN broker is a broker that routes orders through an electronic communication network or similar electronic venue that matches participants’ orders, usually...
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Market analysisEconomic calendarAn economic calendar is a schedule of upcoming economic data releases, central bank events, and other market-moving announcements with their dates and sometimes...
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Forex basicsExchange rateAn exchange rate is the price of one currency expressed in another currency. It tells you how much of the quote currency you need to buy or receive one unit of...
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Orders & executionExecution priceThe execution price is the price at which an order is actually filled. It can differ from the quote shown when the order was placed because of spread changes...
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Forex basicsExotic currency pairAn exotic currency pair is a forex pair that combines a major currency with a less widely traded or emerging-market currency, and it often has lower liquidity...
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Market analysisFalse breakoutA false breakout is a price move that briefly pushes through support or resistance but then reverses back into the prior trading range or pattern instead of...
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Orders & executionFill or killA fill-or-kill order is an order that must be executed immediately in full; if the full quantity cannot be filled at once, the order is canceled.
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Regulation & safetyFinancial ombudsmanA financial ombudsman is an independent dispute-resolution body that can investigate eligible complaints about financial firms and, where its rules allow, make...
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Regulation & safetyFinancial regulatorA financial regulator is a public authority that makes and enforces rules for financial firms and markets, such as banks, brokers, insurers, and exchanges.
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Forex basicsFloating exchange rateA floating exchange rate is an exchange-rate regime in which a currency’s value is set mainly by supply and demand in the foreign exchange market, rather than...
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Forex basicsForex rolloverForex rollover is the process of extending an open spot forex position to a later settlement date, usually by closing the current value date and reopening the...
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Forex basicsForward contractA forward contract is a private agreement to buy or sell an asset on a future date at a price agreed today.
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Risk & accountsFree marginFree margin is the portion of account equity not currently tied up as used margin, and it is the buffer available for new positions and for absorbing trading losses.
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Market analysisFundamental analysisFundamental analysis is the method of valuing an asset by studying the economic, financial, and policy factors that can affect its supply, demand, cash flows...
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CryptoFunding rateThe funding rate is the periodic payment rate used in perpetual futures, transferring value between long and short positions to keep the contract price close to...
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CFDsFutures CFDA futures CFD is a contract for difference whose price reference is a futures contract or futures-market price, while the trade itself remains a CFD rather than...
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Forex basicsFX forwardAn FX forward is a contract to exchange one currency for another at a specified future date and at a rate agreed when the contract is made.
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3 terms
CryptoGas feeA fee paid on networks such as Ethereum to compensate for computation and storage used by a transaction or smart contract call; it is priced in units of gas...
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Orders & executionGood till cancelledA good till cancelled order is an order that remains active until it is filled or explicitly canceled, subject to any venue or instrument-specific expiry rules.
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Orders & executionGuaranteed stop-lossA stop-loss order that a broker contractually promises to fill at the specified stop price, even if market conditions gap through it, usually in exchange for an...
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CryptoHash rateThe amount of hashing work performed per second by a blockchain network or mining device, usually expressed in hashes per second and its larger units.
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Market analysisHawkishHawkish describes a monetary policy bias toward tighter conditions, usually to control inflation, and often implies a greater willingness to raise or keep...
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Trading stylesHedgingHedging is the use of one position or instrument to reduce the risk of another position, rather than to express a pure directional view.
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CryptoHot walletA hot wallet is a crypto wallet that is connected to the internet or another network, making it convenient for transfers but more exposed to attack than offline...
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4 terms
CryptoImpermanent lossImpermanent loss is the difference between holding assets in a liquidity pool and simply holding the same assets in a wallet when their relative prices change...
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CFDsIndex CFDAn index CFD is a contract for difference whose underlying reference is a stock-market index, so the trader gains or loses on changes in the index level rather...
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Market analysisInterest rateAn interest rate is the cost of borrowing money or the return paid for lending money, usually expressed as a percentage over a period of time.
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Regulation & safetyInvestor compensation schemeAn investor compensation scheme is a statutory or industry-backed compensation arrangement that may pay eligible clients when a regulated firm cannot return...
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12 terms
CryptoLayer 1The main blockchain in a blockchain network, responsible for base settlement, consensus, and security for assets and transactions recorded on it.
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CryptoLayer 2A layer 2 is a blockchain scaling system that processes transactions off a base chain while relying on that base chain for settlement or security assumptions...
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Regulation & safetyLegal entityA legal entity is an organization or arrangement the law treats as separate from the people behind it, with its own rights, duties, and capacity to enter...
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Risk & accountsLeverageLeverage is the use of borrowed capital or margin to control a position that is larger than the cash you have posted, so small price moves have a larger effect...
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Orders & executionLimit orderAn order to buy at a specified maximum price or sell at a specified minimum price, so execution can occur only at the stated limit or better.
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Risk & accountsLiquidationLiquidation is the forced closing of one or more open positions, or the sale of assets, to reduce risk or recover a shortfall when required margin or collateral...
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Orders & executionLiquidityLiquidity is the extent to which an asset can be traded quickly, in size, and with limited price impact because enough willing buyers and sellers are available.
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CryptoLiquidity poolA liquidity pool is a smart-contract-controlled reserve of two or more tokens that traders can swap against or that other protocols can use for pricing and...
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Risk & accountsLive trading accountA live trading account is a funded brokerage account that routes orders into the market or a broker’s execution venue using real money. Gains, losses, fees...
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Forex basicsLondon sessionThe London session is the period when London-centered FX trading is active, and it is one of the most liquid parts of the global forex day.
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Forex basicsLong positionA long position is a trade or exposure that benefits if the underlying currency pair or instrument rises in value relative to the quote currency or reference price.
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Forex basicsLotA lot is a standardized unit of trade size in forex and CFDs, used to express how much of the underlying instrument is being bought or sold.
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Market analysisMACDMACD is a momentum indicator that compares two moving averages, usually the 12-period and 26-period exponential moving averages, and often adds a 9-period...
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Forex basicsMajor currency pairA major currency pair is a widely traded forex pair that includes the U.S. dollar and one other major, liquid currency.
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CryptoMaker feeA maker fee is the trading fee charged when an order adds liquidity by resting on the order book instead of executing immediately.
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Risk & accountsMarginMargin is collateral that a trader must post to open and keep a leveraged position, and it is not a fee or a down payment on the asset itself.
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Risk & accountsMargin callA margin call is a warning or requirement to add funds, reduce exposure or both when account equity falls below the level needed to support open positions.
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Regulation & safetyMargin close-out ruleA margin close-out rule requires a broker to close one or more leveraged CFD positions when a client’s account equity falls to a regulator-set threshold...
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Risk & accountsMargin levelMargin level is a ratio that compares account equity to used margin, showing how much equity remains relative to the collateral already committed to open positions.
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Orders & executionMarket depthMarket depth is the amount of buy and sell interest available at different prices away from the best bid and ask.
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Orders & executionMarket makerA market maker is a firm that stands ready to quote prices to buy and sell an instrument, typically using its own capital to provide liquidity and facilitate...
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Orders & executionMarket orderAn order to buy or sell immediately at the best available price in the market, with execution priority over price certainty.
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Risk & accountsMaximum drawdownMaximum drawdown is the largest peak-to-trough decline in an account, portfolio, or strategy over a specified period.
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CryptoMaximum supplyMaximum supply is the highest number of coins or tokens that a cryptocurrency is intended to ever create, if its protocol defines a hard cap.
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Forex basicsMicro lotA micro lot is a forex trade size equal to 1,000 units of the base currency, or one-hundredth of a standard lot. It is a standardized way to take very small...
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Forex basicsMini lotA mini lot is a forex trade size equal to 10,000 units of the base currency, or one-tenth of a standard lot. It is a standardized contract size used to scale...
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Forex basicsMinor currency pairA minor currency pair is a forex pair that does not include the U.S. dollar and usually combines two widely traded non-USD currencies.
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Market analysisMoving averageA moving average is a technical indicator that smooths price data by averaging values over a chosen number of periods, updating as new data replaces old data.
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6 terms
Risk & accountsNegative balance protectionNegative balance protection is a rule or account feature that limits a retail client’s losses so they cannot owe more than the funds in the trading account. It...
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Forex basicsNew York sessionThe New York session is the period when New York-centered FX trading is active, and it is a major source of liquidity, price discovery, and U.S.-driven news flow.
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Orders & executionNo dealing deskNo dealing desk describes a broker setup in which client orders are not manually handled by an internal dealing desk before routing, typically instead being...
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CryptoNon-custodial walletA non-custodial wallet is a crypto wallet where the user controls the private keys and signs transactions without relying on a third party for custody.
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Market analysisNonfarm payrollsNonfarm payrolls are an estimate of U.S. wage and salary jobs in the nonfarm business sector, excluding farm workers, private household workers, and nonprofit...
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Risk & accountsNotional valueNotional value is the face amount or underlying exposure that a financial contract references, not the amount of cash initially posted to enter the trade. It is...
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5 terms
Market analysisOHLCOHLC stands for open, high, low, and close: the four prices that summarize a market’s movement during a chosen time interval.
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Orders & executionOne cancels the otherOne cancels the other is a linked-order instruction in which execution of one order automatically cancels the other linked order or orders.
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Orders & executionOrder bookAn order book is the live list of resting buy and sell orders for a market, organized by price and usually by priority rules such as time and size.
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Orders & executionOver-the-counter marketAn over-the-counter (OTC) market is a market where participants trade directly, or through dealer networks and other venues, rather than on a centralized exchange.
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CFDsOvernight financingOvernight financing is the daily charge or credit applied to an open CFD position held past the provider’s cut-off time, reflecting the cost of financing the...
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14 terms
Trading stylesPaper tradingPaper trading is simulated trading in which orders and positions are tracked without using real money, usually to practice execution or test a strategy.
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Orders & executionPartial fillA partial fill occurs when an order is executed for only part of the requested quantity, leaving some or all of the remainder unfilled.
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CryptoPerpetual futuresPerpetual futures are derivative contracts with no expiry date that track an underlying asset’s price and use periodic funding payments to help keep the...
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Forex basicsPipA pip is the standard small unit used to express most changes in a currency pair’s quoted price. For many pairs it is 0.0001, while for pairs involving the...
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Forex basicsPipetteA pipette is one-tenth of a pip in many FX quote conventions. It is the smaller price increment used when a pair is quoted with an extra decimal place, such as...
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Risk & accountsPosition sizingPosition sizing is the process of choosing how large a trade or position should be, usually by linking the size to account risk, stop distance, margin, and...
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Trading stylesPosition tradingPosition trading is a trading style that holds positions for weeks, months, or longer, aiming to profit from broad trends rather than short-term price swings.
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Market analysisPrice gapA price gap is a discontinuity on a chart where one trading period opens above or below the prior period’s close, leaving little or no trading in between.
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CryptoPrivate keyA private key is a secret cryptographic key that can authorize transfers or otherwise control the associated crypto address or account.
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Regulation & safetyProfessional clientA professional client is a client that meets the legal criteria for being treated as having the experience, knowledge, and expertise to make its own investment...
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CryptoProof of stakeA blockchain consensus method in which validators lock up native coins as stake and are selected to propose or attest to blocks according to protocol rules...
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CryptoProof of workProof of work is a blockchain consensus method that requires participants to spend computing power to solve cryptographic puzzles before adding new blocks.
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CryptoPublic keyA public key is a cryptographic key that is shared openly and is mathematically linked to a private key.
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Market analysisPullbackA pullback is a temporary move against the prevailing trend, usually a pause or dip in an uptrend or a rally in a downtrend, before price may continue in the...
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Risk & accountsRealized profit and lossRealized profit and loss is the gain or loss recorded when a position is closed, finalized, or otherwise taken off the books.
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Market analysisRelative strength indexThe relative strength index is a momentum oscillator that compares recent gains and losses over a selected period to indicate whether price momentum may be...
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Orders & executionRequoteA requote is a broker’s offer of a new price after the original quoted price is no longer available, so the order cannot be filled at the first requested price.
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Forex basicsReserve currencyA reserve currency is a fully convertible currency that is widely held by monetary authorities and widely used in international transactions, finance, and reserves.
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Market analysisResistanceResistance is a price area where selling pressure has previously been strong enough to slow, pause, or reverse an advance.
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Regulation & safetyRetail clientA retail client is a client who is not classified as a professional client. In MiFID-style regimes, this is the default client category and typically receives...
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Market analysisRetracementA retracement is a partial reversal of price within a larger move, often measured as a percentage of the prior swing, before the trend continues or changes...
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Market analysisReversalA reversal is a sustained change in price direction, such as an uptrend turning into a downtrend or a downtrend turning into an uptrend.
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Regulation & safetyRisk disclosureA risk disclosure is a required statement that explains the material risks of a financial product, service, or promotion before a client acts on it. In retail...
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Market analysisRisk-offRisk-off describes a market environment in which investors prefer safety, liquidity and capital preservation over higher-risk assets.
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Market analysisRisk-onRisk-on describes a market environment in which investors are more willing to hold higher-risk assets and less willing to hide in defensive assets.
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Risk & accountsRisk–reward ratioRisk–reward ratio compares the amount a trade may lose if it hits the stop-loss with the amount it may gain if it reaches the target.
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CryptoRug pullA rug pull is a crypto scam in which promoters create or market a project, attract investor funds, and then abruptly withdraw liquidity, abandon the project, or...
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22 terms
Trading stylesScalpingScalping is a trading style that seeks to profit from very small price movements, usually by opening and closing positions quickly and repeatedly, often within...
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CryptoSeed phraseA seed phrase is a sequence of words that can be used to back up and restore a crypto wallet, often by recreating the private keys it controls.
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Forex basicsSession overlapA session overlap is the period when two major forex trading centers are open at the same time, usually increasing liquidity and trading activity.
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CFDsShare CFDA share CFD is a contract for difference whose underlying reference is an individual company share price, allowing exposure to price changes without owning the...
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Forex basicsShort positionA short position is a trade or exposure that benefits if the underlying currency pair or instrument falls in value relative to the quote currency or reference price.
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CryptoSlashingSlashing is a proof-of-stake penalty that destroys part of a validator’s stake and can remove the validator from the network for violating consensus rules.
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Orders & executionSlippageSlippage is the difference between the expected price of an order and the price at which it actually executes, usually because the market moves or available...
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CryptoSmart contractSelf-executing code stored on a blockchain that runs when called and can enforce rules or move assets according to predefined conditions.
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Forex basicsSpot forexSpot forex is foreign-exchange trading for near-immediate settlement, usually on the standard spot convention for the currency pair. In retail markets, it often...
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CryptoSpot marketThe spot market is the market for immediate purchase or sale of an asset for prompt settlement at the prevailing price.
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CFDsSpread bettingSpread betting is a leveraged derivative bet on price movement where the outcome depends on the amount wagered per point of movement in the underlying market...
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CryptoStablecoinA stablecoin is a crypto asset designed to keep its value near a reference asset, most often a fiat currency such as the U.S. dollar. It may do this through...
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CryptoStakingStaking is the act of locking or delegating crypto assets to help secure a proof-of-stake network and earn protocol-defined rewards and penalties.
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Forex basicsStandard lotA standard lot is the common forex convention for a trade size of 100,000 units of the base currency.
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Orders & executionStop orderAn order that becomes active when the market reaches a specified stop price, after which it is typically executed as a market order or, in some venues...
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Orders & executionStop-loss orderA stop order used to exit an existing position when price reaches a specified level, designed to limit losses if the market moves against the trade.
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Risk & accountsStop-out levelStop-out level is the margin threshold at which a broker or platform starts closing open positions automatically to prevent the account deficit from growing further.
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Orders & executionSTP brokerAn STP broker is a broker that uses straight-through processing to route client orders electronically to liquidity providers or other venues, rather than...
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Regulation & safetySuitability assessmentA suitability assessment is a broker or adviser’s check, used when giving advice or managing assets, of whether a recommendation or decision to trade fits the...
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Market analysisSupportSupport is a price area where buying interest has previously been strong enough to slow, pause, or reverse a decline.
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Forex basicsSwap rateA swap rate in forex is the financing adjustment applied to an open currency position held overnight. It reflects the cost or benefit of carrying one currency...
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Trading stylesSwing tradingSwing trading is a trading style that aims to capture price moves over several days to several weeks, holding positions longer than typical day trades but...
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12 terms
Orders & executionTake-profit orderAn order that closes an open position when price reaches a preselected favorable level, allowing a trader to lock in gains automatically if the market moves as...
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CryptoTaker feeA taker fee is the trading fee charged when an order removes liquidity by executing immediately against orders already on the book.
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Market analysisTechnical analysisTechnical analysis is the study of price, volume, and chart patterns to evaluate market behavior and identify possible trends, support and resistance, or...
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CFDsTickA tick is the smallest quoted price movement in a market or contract, as defined by the venue or product specification.
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CFDsTick sizeTick size is the minimum price increment a market or CFD quote can move by, such as 0.01 or 0.1, depending on the instrument.
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Market analysisTimeframeA timeframe is the length of each price bar or candle on a chart, such as one minute, one hour, or one day.
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CryptoTokenA token is a crypto asset recorded on an existing blockchain or distributed ledger, often representing value, access, ownership, or a functional right. Unlike a...
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CryptoTokenomicsTokenomics is the economic design of a crypto token, including its supply, issuance, allocation, utility, incentives, and how those features interact with user...
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Forex basicsTrading sessionA trading session is a time window when a major financial center is active and FX liquidity is typically concentrated around that region’s business hours.
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Trading stylesTrading signalA trading signal is an indication or recommendation to buy, sell, or hold a financial instrument, usually triggered by a rule, model, or analyst judgment.
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Orders & executionTrailing stopA stop order whose trigger price moves with the market by a fixed amount or percentage, locking in part of an open gain while still leaving room for the trade...
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Market analysisTrendA trend is the general direction of price movement over time, usually described as upward, downward, or sideways.
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3 terms
CFDsUnderlying assetThe underlying asset is the instrument, security, index, commodity, currency, or other reference that a derivative or CFD tracks for pricing and settlement.
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Risk & accountsUnrealized profit and lossUnrealized profit and loss is the gain or loss on an open position or asset that has not yet been closed, settled, or otherwise realized. It changes as market...
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Risk & accountsUsed marginUsed margin is the portion of account equity currently locked up as collateral for open positions, so it is not available for new trades or to absorb losses.
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2 terms
CryptoValidatorA validator is a network participant that checks transactions and, on proof-of-stake systems, proposes or attests to blocks according to protocol rules.
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Orders & executionVolatilityVolatility is the degree to which a price moves over time, usually measured by the size and frequency of price changes.
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