Profit limit / Take profit / TP
A take profit order (T/P) is a limit order that specifies a price to exit a position to make a profit and is executed automatically when the desired price is reached.
Loss limit / Stop loss / SL
A stop loss (SL) is a price limit entered by a trader. Once the price limit is reached, the open position is automatically closed to prevent further losses.
Demo account
A demo account is a type of account offered by trading platforms that allows a prospective client to test the trading platform before depositing real money. Demo accounts are used by stock trading platforms, foreign exchange trading venues and commodity exchanges.
Standard Account
Trading account in which the trading unit (Lot) is calculated in a standard way.
Trend line
Trend lines in trading. Trend lines are used when trading in financial markets to determine the upward or downward trend of an asset's price. They are a type of technical analysis that many traders use to monitor the price movement of a financial instrument in order to predict market sentiment.
Currency risk refers to losses that an international financial transaction may incur due to currency fluctuations.
Trader's order to buy or sell currency
Buy limit / Buy limit
A limit order is an order to buy below the market or sell above the market at a specified price. This is a buy or sell order after the market reaches the "limit price". You place a "Buy Limit" order to buy at or below a specified price.
Pending Order
An order to execute a transaction if the market price reaches the level set by the trader
Limited sell order / Sell limit / Sell limit
A sell limit order is an instruction to sell a currency pair at the market price when the market reaches your set price or higher. This price should be higher than the current market price. Limit orders are usually used to enter a market where you will erase breakouts.
It is an abbreviation for the following English phrase meaning foreign exchange
Sell – Buy
All forex transactions involve buying one currency and selling another currency. If you expected the base currency to strengthen against the quote currency, you would buy the pair (Long) and if you expected it to do the opposite, you would sell it (Short).
Hedging is a strategy used to protect the position of a currency pair from an adverse move. When a trader is concerned about a news or event that causes volatility in the currency markets, it is usually a form of short-term support.
Ask price
The price that an investor must pay to buy a currency pair
Bid Price
The price that the market offers to buy a currency pair or the price that an investor has to pay to sell a currency pair
The amount that the trader pays to the broker for executing the transaction
A person or institution that acts as an intermediary between a buyer and a seller in exchange for a fee
Call Margin
A margin call is a term used to describe an alert sent to a trader to inform them that the funds in their account are below the minimum amount required to keep a position open.