Trading Glossary

The price at which an instrument is offered for purchase.

A financial instrument such as a currency pair, share or commodity.

Account funds before unrealised profit and loss from open positions.

The first currency named in a currency pair.

A market experiencing a sustained decline in prices.

The price at which an instrument can be sold.

A market experiencing a sustained rise in prices.

A chart element showing opening, high, low and closing prices for a period.

A contract for difference tracks price changes in an underlying instrument without ownership of that instrument.

A transaction fee that may apply in addition to the spread.

Spreading exposure across investments; it does not eliminate the possibility of losses.

A decline in account value measured from a previous peak.

Account balance plus unrealised profit and loss, adjusted for applicable credits or charges.

The market for exchanging currencies.

Equity remaining after margin is reserved for open positions.

A price jump between trading levels with no trades at intervening prices.

Taking an offsetting position to reduce a particular exposure; costs and other risks remain.

A measure tracking the performance of a group of instruments.

Exposure larger than the capital posted as margin; it amplifies gains and losses.

An order to buy or sell at a specified price or better; execution is not guaranteed.

How readily an instrument can be traded without materially affecting its price.

A standardised quantity whose contract size depends on the instrument.

Collateral required to support an open leveraged position.

A notification or threshold indicating insufficient account equity relative to required margin.

An order to trade at an available market price, which may differ from the last displayed price.

A conventional price increment used for currency pairs; confirm the instrument specification.

An open trade with exposure to changes in an instrument’s price.

The second currency in a currency pair, used to express the value of the base currency.

A price area where selling pressure has previously interrupted upward movement.

A comparison of planned potential loss with planned potential gain.

The difference between an expected execution price and the price actually received.

The difference between the bid and ask prices.

An order intended to limit a loss; the execution price is not guaranteed during gaps or fast markets.

Closure of positions when the account reaches a configured margin threshold.

A price area where buying interest has previously interrupted downward movement.

A financing credit or charge that can apply to a position held overnight.

An instruction to close a position at a target profit level under the platform’s execution rules.

Studying price and volume patterns to analyse market behaviour.

Profit or loss on positions that remain open.

The degree of variation in an instrument’s price over time.

The amount of an instrument traded during a period.

Income from an investment expressed relative to its price or value.