| Term | Definition |
| A. High | Ask High, the highest ask price for the current day. |
| A. Low | Ask Low, the lowest ask price for the current day. |
| Algorithmic Trading | Algorithmic or automated trading is making buy and sell operations in the financial markets using special trading robots. In the trading platform, these programs are also called Expert Advisors or EAs. |
| Assets | The current value of purchased financial instruments (of long positions) defined in a trader's deposit currency. The value is determined dynamically based on the price of the latest deal of the financial instrument, taking into account the liquidity margin rate. In fact, the amount of assets is equivalent to the amount of money that the trader would receive in case of immediate closure of long positions. |
| Ask | Ask Price |
| Ask CALL | The buying price of a call option. |
| Ask Put | The buying price of a put option. |
| B. High | Bid High, the highest bid price for the current day; |
| B. Low | Bid Low, the lowest bid price for the current day; |
| Bid | Refers to the price at which a trader can sell a currency pair. The bid price represents the maximum price that a market maker or buyer is willing to pay for a specific currency pair at a given moment. |
| Bid Call | The selling price of a call option. |
| Bid Put | The selling price of a put option. |
| Buy Limit | A trade request to buy at the Ask price that is equal to or less than that specified in the order. |
| Buy Orders | The total number of buy requests. |
| Buy Stop | A trade order to buy at the "Ask" price equal to or greater than the one specified in the order. |
| Buy Stop Limit | This type is the combination of the first two types, being a stop order to place a Buy Limit order. As soon as the future Ask price reaches the stop-level indicated in the order (the Price field), a Buy Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set above the current Ask price, while Stop Limit price is set below the stop level. |
| Buy Volume | The total volume of buy orders. |
| Call option | The right to buy an asset |
| Canceled order | The order is canceled by the client; |
| CFDs | A contract for differences (CFD) is a contract between a buyer and a seller that stipulates that the buyer must pay the seller the difference between the current value of an asset and its value at contract time. Means that clients can bid on the difference in price of any currency/instrument available in the market |
| CFI | A Contract for Investment (CFI) is a financial instrument used in some Forex markets. It is a standardized agreement between two parties to exchange a specified amount of one currency for another currency at a predetermined exchange rate on a future date. CFIs are often used for hedging purposes or to speculate on future currency price movements. |
| Chart Mode | Refers to the different types of chart representations used to visualize and analyze price movements and other market data. |
| Charts | Charts in the trading platform visualize changes of financial symbol quotes over time. Charts are used for technical analysis and operation of Expert Advisors. They allow traders to visually monitor the prices of currencies and shares in real time and instantly respond to any changes in the market situation. |
| Clearing | The process of settling and confirming financial transactions, including the exchange of currencies between two parties. Clearing is a crucial step in ensuring that trades are executed accurately and that all financial obligations are met. |
| Closed Price | The final price at which a currency pair (or any financial instrument) was traded during a specific time period. The close price is one of the most crucial pieces of price data used in technical analysis, and it provides important information about the market sentiment and potential future price movements. |
| Closed Trade | Refers to a trading position that has been exited or closed by the trader. When a trader opens a position by either buying (going long) or selling (going short) a currency pair, they eventually need to close that position to realize a profit or limit a loss. Closing a trade effectively means reversing the initial transaction. |
| Closed Trade P/L | Total profit/loss of all closed trades; |
| Commodities | Commodities are physical goods that are bought for their utility value. They are broadly divided into three categories: Agricultural products: Corn, wheat, soybeans, sugar, and coffee Metals: Gold, silver, platinum, and palladium Energies: Crude oil and natural gas |
| Contract size | Contract size is a fixed value which denotes the amount of base currency in 1 lot. It varies based on the trading instrument. |
| Cross Pairs | Currency crosses, also known as cross currency pairs or "crosses," are a pair of currencies traded in forex that don't include the U.S. dollar. |
| Daily Change | Indicates the difference between the last price of the instrument and the close price of the last session in percentage terms. |
| Deals | The commercial exchange (buying or selling) of a financial security. |
| Deals Volume | The total volume of deals executed during the current session; |
| DOM | The Depth of Market (DOM) displays bids and asks for a particular instrument at the currently best prices (closest to the market). |
| Deviation | Deviation is a manual setting used in trading platforms to avoid requotes. This allows the system to execute your order within the permissible slippage parameter set. |
| Digits | Number of decimal places in the price of the symbol. |
| EA | An Expert Advisor is a piece of software or a script that is commonly used with MetaTrader, a popular trading platform for Forex and other financial markets. Expert Advisors are designed to automate trading strategies and perform specific functions within the trading platform. |
| Exchange Execution | In this mode, trade operations conducted in the trading platform are sent to an external trading system (exchange). Trade operations are executed at the prices of current market offers. |
| Expired order | The order is canceled due to its expiration. |
| Filled order | Refers to a trade order that has been executed or completed at the specified price. When a trader places an order to buy or sell a currency pair, the order may be partially or fully filled, depending on market conditions and the availability of liquidity at the desired price. |
| First trade | The initial trade that a trader makes when they enter the foreign exchange (Forex) market. This first trade marks the beginning of a trader's Forex trading journey. |
| Flat | Refers to a situation where a trader's position is neither long (buying) nor short (selling) a currency pair. When a trader has a "flat" position, it means they are not actively holding or trading that specific currency pair. It can also be used to describe a market condition where there is very little price movement or volatility. In this sense, a "flat market" indicates a lack of significant price fluctuations. |
| Floating P/L | The current profit/loss of all open positions; |
| Forex | Forex is short for foreign exchange; which means exchanging one currency for another for a variety of reasons, usually trading, commerce or tourism. Currency values are always changing, which means 1 US dollar today may not get you as much in your local currency as it did yesterday, or even will tomorrow. This is where changing exchange rates can lead to profit or loss. |
| Futures | Futures is a derivative product. It is a financial contract between two parties obligating one party to deliver a commodity or a financial instrument at a predetermined future date, and the other party to pay a predetermined price for it at a future point. |
| Hedge/Hedging | Refers to a risk management strategy that traders and investors use to protect themselves from potential losses. It involves opening a position or series of positions that offset the risk of another position in the same or related currency pairs. The primary goal of hedging is not necessarily to make a profit but to reduce or limit potential losses. |
| Gross Loss | The sum of all losing trades in terms of money; |
| Gross Profit | The sum of all profitable trades in terms of money; |
| Hedge/Hedging | Refers to a risk management strategy that traders and investors use to protect themselves from potential losses. It involves opening a position or series of positions that offset the risk of another position in the same or related currency pairs. The primary goal of hedging is not necessarily to make a profit but to reduce or limit potential losses. |
| Hedged Margin | The margin charged per one lot of hedged positions. You can also select here margin calculation mode for hedged positions — using the larger leg. |
| Initial Margin | Refers to the initial deposit or collateral required by a trader to open a position (buy or sell a currency pair) in a leveraged trading account. It is a predetermined amount of funds that a trader must have in their account to cover potential losses and ensure that they can meet margin requirements. |
| Instant Execution | In this mode, an order is executed at the price offered to a broker. When sending an order to be executed, the platform automatically adds the current prices to the order. If the broker accepts the prices, the order is executed. If the broker does not accept the requested price, a "Requote" is sent — the broker returns prices, at which this order can be executed. |
| L. High | Last High, the highest price at which a deal was executed for during the current day; |
| L. Low | Last Low, the lowest deal volume for the current day; |
| Last trade | Typically refers to the most recent or latest completed trade in the foreign exchange (Forex or FX) market. |
| Leverage | Leverage in FX refers to the mechanism that allows Trading with a maximum amount of collateral (also known as margin) up to one thousand times the initial deposit. It enables traders to control larger positions in the market with a smaller amount of capital. |
| Liabilities | Liabilities are obligations on current short positions calculated as the value of these positions at the current market price. In fact, the amount of liabilities is equivalent to the amount of money that the trader would pay in case of immediate closure of short positions. |
| Limit order | A limit order is an order to buy or sell a currency pair at a specified price or better |
| Long Call | Buy a call option. |
| Long Trades | Number of trades that resulted in profit obtained from purchasing a financial instrument, and percentage of profitable long trades; |
| Loss trades | Refers to a trade that results in a financial loss for the trader. When a trader opens a position by either buying (going long) or selling (going short) a currency pair, the outcome of the trade can either be a profit or a loss, depending on the subsequent price movement. |
| Lot | Lot refers to the standard unit size of a transaction. A standard lot is typically equal to 100 000 units of the base currency |
| Margin | Margin is the minimum amount of money you need to have in your Trading account to open new or maintain existing positions on the market |
| Margin Call | Margin call occurs when a trader's account balance falls below the required margin level, and the broker or trading platform requests the trader to deposit additional funds to cover potential losses. Margin is the collateral or deposit that traders are required to have in their trading accounts to open and maintain positions in the forex market. |
| Margin Free | Free margin, meanwhile, refers to the funds you have available to open and maintain positions, and is calculated by subtracting Margin from your Equity. |
| Margin Level | Margin level is calculated using the formula (Equity/Margin) x 100%, where Equity reflects your Trading account balance, plus or minus any profits or losses from open positions. |
| Market Buy Order | A multiplier for calculating margin requirements for long positions relative to the basic margin amount. |
| Market Execution | In this order execution mode, a broker makes a decision about the order execution price without any additional discussion with a trader. Sending an order in such a mode means advance consent to its execution at this price. |
| Market Makers | In Forex, a market maker is a financial institution or individual that provides liquidity to the market by quoting both a buy (bid) and a sell (ask/offer) price for a currency pair. Market makers play a crucial role in facilitating trading by ensuring that there are always prices at which traders can buy or sell a currency pair. They earn profits from the spread, which is the difference between the bid and ask prices. Market makers are typically banks, large financial institutions, or Forex brokers. They help maintain market stability and ensure that there is a smooth flow of trades. While market makers provide liquidity, they also carry certain risks, such as exposure to market volatility and potential conflicts of interest. Traders should be aware of the role market makers play in the Forex market when executing their trades. |
| Market Operation | A market operation is buying/selling a financial instrument at the best price currently offered in the market. |
| Market Order | A market order is an instruction given to a brokerage company to buy or sell a financial instrument. Execution of this order results in the execution of a deal. The price at which the deal is executed is determined by the type of execution that depends on the symbol type. Generally, a security is bought at the Ask price and sold at the Bid price. |
| Market Sell Order | A multiplier for calculating margin requirements for short positions relative to the basic margin amount. |
| Market Watch | The Market Watch window provides an overview of price data of financial instruments: quotes, price statistics and tick chart. It also provides details of contract specifications and One Click Trading options. |
| MT5 | MetaTrader 5 (MT5) is a popular Trading platform used for Trading various instruments such as foreign exchange (FX), stocks, futures, and cryptocurrencies. |
| Navigator | The Navigator allows switching between accounts and provides functions for running trading robots and indicators. |
| Netting | For one financial instrument only one position can exist at any given time. Differently directed positions (buy and sell) are not allowed. |
| One Click Trading | The One Click Trading option is available on the "Trading" tab. Upon clicking on the "Sell" or "Buy" button, a request to perform the corresponding trade operation in the specified volume is instantly sent to the server. |
| Open Interest | The total volume of effective contracts (futures, options) which have not been settled yet; |
| Open Price | The open price of the last (recent) session; |
| Order | An instruction given to a broker to buy or sell a financial instrument |
| Oscillators | Oscillators show price deviation from its average value. Oscillators help to predict the approaching correction or the direction of price oscillation phase. Oscillators best suit the purpose of decision making when there is no vivid trend in the market. |
| Overnight | "Overnight" in Forex refers to holding a position or trade overnight, meaning that a trader leaves their position open beyond the daily trading session and into the next trading day. When a position is held overnight, it may be subject to overnight financing costs or swaps, which are interest rate differentials based on the currencies being traded. These costs can be either positive or negative, depending on the direction of the trade and the interest rate differentials between the two currencies. Traders who hold positions overnight should be aware of these financing costs and how they can affect their overall trading strategy. |
| Partially Filled order | A "partially filled order" (also known as a "partial fill") refers to an order placed by a trader that is only partially executed or filled at the requested price. When a trader submits an order to buy or sell a currency pair, they specify the desired quantity (lot size) and the price at which they want the order to be executed. |
| Pending Order | A pending order is the trader's instruction to a brokerage company to buy or sell a security in future under pre-defined conditions |
| Pip | A pip, or “percentage in point”, is the basic unit of measurement of price differences, while a point is the minimum amount of price change. |
| Placed order | Adealer has accepted the order; |
| Point | 1 pip = 10 points Thus a point is 1/10th of a pip. |
| Position | Is a trade obligation, i.e. the number of bought or sold contracts of a financial instrument |
| Profit Currency | Currency, in which the profit of the symbol trading is calculated. |
| Profit Factor | The ratio of the total profit to the total loss in percents. A value of one means that these parameters are equal; |
| Profit Trades | The amount of profitable trades and their percentage in the total trades; |
| Put option | The right to sell an asset |
| Rejected order | The order is rejected by a dealer; |
| Request Execution | In this mode, a market order is executed at the price previously received from a broker. Prices for a certain market order are requested from the broker before the order is sent. After the prices have been received, order execution at the given price can be either confirmed or rejected. |
| Return | This policy is only used for market (Buy and Sell), limit and stop limit orders. If filled partially, an order with the remaining volume is not canceled, and is processed further. For market orders, the Return policy is used only in the Exchange Execution mode, while for limit and stop limit ones, it is applied in the Market Execution and Exchange Execution modes. |
| Scalp/Scalping | Action of grabbing very small amounts of pips as many times as they can throughout the busiest times of the day. |
| Sell Limit | A trade order to sell at the "Bid" price equal to or greater than the one specified in the order. |
| Sell Orders | In Forex (foreign exchange) trading, a "sell order" is an instruction given by a trader to their broker or trading platform to sell a specific currency pair at the current market price or at a designated price level in the future. When you place a sell order, you are essentially expressing your intention to sell the base currency of the currency pair, while simultaneously buying the quote currency. |
| Sell Stop | A trade order to sell at the "Bid" price equal to or less than the one specified in the order. |
| Sell Stop Limit | This order is a stop order to place a Sell Limit order. As soon as the future Bid price reaches the stop-level indicated in the order (the Price field), a Sell Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set below the current Bid price, while Stop Limit price is set above the stop level. |
| Sell Volume | The total volume of sell orders; |
| Short Put | Sell a put option. |
| Short Trades | Number of trades that resulted in profit obtained from selling a financial instrument, and percentage of profitable short trades; |
| Slippage | Slippage is when your order is executed at a different price to the one requested. It can be positive or negative, meaning your order can be executed at either a more favourable price, or a worse one. |
| Spot Price | Refers to the current market price of a currency pair for immediate delivery and settlement. It is the price at which a specific currency pair can be bought or sold for immediate delivery and is the opposite of a futures or forward price, which is based on an agreed-upon future date. The spot price is also known as the "current market price" or the "cash price." |
| Spread | Spread is the price difference between the buy price (Bid) and the sell price (Ask) when performing Forex trading. For example, if the bid/ask rate in USD/JPY is 101.15/101.20, the spread is 5 cents. This will be the trading cost that the traders have to bear. |
| Spread Legs | The spread has two legs - A and B. The legs are the oppositely directed positions in a spread - buy or sell. The leg type is not connected with some definite position direction (buy or sell). It is important that trader's positions at all leg's symbols are either long or short. |
| Started order | The order correctness has been checked, but it hasn't been yet accepted by the broker; |
| Stop Order | A stop order is an instruction given to execute a trade when the market reaches a specific price, either to limit potential losses (stop-loss order) or to secure profits (take-profit order). |
| Stop Out | Refers to a situation in which a trader's open positions are automatically closed by their broker because they no longer have sufficient margin to cover potential losses. This typically occurs when the account's margin level falls below a certain threshold, often due to significant losses on open positions. |
| Stop Loss | This order is used for minimizing losses if the security price moves the wrong direction. If the security price reaches this level, the entire position is closed automatically. Such orders are always associated with an open position or a pending order. They can be requested only together with a market or a pending order. This order condition for long positions is checked using the Bid price (the order is always set below the current Bid price), and the Ask price is used for short positions (the order is always set above the current Ask price). |
| Stops Level | Channel of prices (in points) from the current price, inside which one can't place Stop Loss, Take Profit and pending orders. When placing an order inside the channel, the server will return message "Invalid Stops" and will not accept the order. |
| Stop Limit Order | A stop-limit order is an instruction to buy or sell a currency pair once it reaches a particular price level. It consists of two prices: the "stop price" and the "limit price." When the market reaches the "stop price," the order becomes a "limit order" to buy or sell at the "limit price" or better. |
| Strike Price | The price at which the option buyer can purchase or sell the underlying asset, and the option seller is obliged to sell or purchase the asset. |
| Swap | Swap, also known as rollover fees or overnight fees, are charges applied to positions held overnight in the forex market. These fees are associated with the interest rate differentials between the currencies involved in the position. |
| Swap Long | Swap for Buy positions. |
| Swap Rates | Swap multiplier for each day of the week. Swap of long and short positions is multiplied by the specified ratio when charging. |
| Swap Short | Swap for Sell positions. |
| Take Profit | The Take Profit order is intended for gaining the profit when the security price reaches a certain level. Execution of this order results in the complete closing of the entire position. It is always connected to an open position or a pending order. The order can be requested only together with a market or a pending order. This order condition for long positions is checked using the Bid price (the order is always set above the current Bid price), and the Ask price is used for short positions (the order is always set below the current Ask price |
| Tick Chart | All transactions conducted on the Exchange are plotted on this chart: •Red circles show Sell transactions. •Blue circles show Buy transactions •Green circles appear when the direction of the transaction is undefined. It is used when the exchange does not transmit the direction of a transaction. In this case, the direction is determined based on the price of the transaction as compared to prices bid and ask. A Buy transaction is that executed at the ask price or above, a Sell transaction is executed at the bid price or lower. The direction is undefined if the price of the transaction is between the bid and the ask. |
| Tick Size | Minimum price change step. |
| Tick Value | Cost of a single price change point. |
| Tick Volume | Shows the number of ticks received during bar formation |
| Total Net profit | The financial result of all trades; |
| Total trades | The total amount of executed trades (the trades that resulted in a profit or loss); |
| Trade request | Placing a trade request means creating a pending order to buy/sell a financial instrument at a specified price, which is currently not available on the market. |
| Trading volume | The amount of base currency the trader is trading with. |
| Trailing Stop | A trailing stop is an automated mechanism to have the Stop Loss (SL) trail behind the current price of an order by a set number of points. This is one of the best tools for risk management. |
| Turnover | The total trading volume or the aggregate value of all trades in a specific currency pair or the entire Forex market during a given period. It represents the sum of all buy and sell transactions within the market. |
| V. High | Volume High, the highest deal volume for the current day; |
| V. Low | Volume Low, the lowest deal volume for the current day; |
| Volatility Chart | This chart shows how the implied volatility changes depending on the option strike price. Typically, the lowest volatility values are found near the strike price, which are very close to the current market value of the underlying asset. The further the strike price is from the current market, the greater future price change is expected by traders. The chart form resembles an arc and is called "Volatility Smile". |
| Volatility Up | The strategy is used when a growth in the underlaying asset volatility is expected. |
| Volatility Down | The strategy is used when a fall in the underlaying asset volatility is expected. |
| Volume limit | Maximum allowable total volume of an open position and pending orders at the same symbol and in the same direction (buy or sell). For example, the limit is 5 lots. If you have a buy position of 5 lots, you can place a Sell Limit order of 5 lots. But you cannot place a pending Buy Limit order (since the total volume in one direction will exceed the limit) or place a Sell Limit order above 5 lots. |
| Volumes | Volumes is the indicator of the number of price changes within each period of a selected timeframe |