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The ask price is the price your trade will be executed at if you submit a sell or go short on a trade.
When an order is carried out automatically without dealer intervention or contribution.
The currency on the right side of the slash is the base currency- USD
The bid price is the price your trade will be executed at if you submit a buy or go long on a trade.
The quotation and pricing structure of the currencies traded in the forex market: the value of a currency is determined by its contrast to another currency. The first currency of a currency pair is called the "base currency", and the second currency is called the "quote currency". The currency pair shows how much of the quote currency is needed to buy one unit of the base
A concurrent transaction of one currency for another
Indicates the highest price of the trading day
"Leverage" is the capability to control a large amount of money using none or very little of your own money and borrowing the rest.
For example, with a deposit of $5000 and a leverage of 50, a trader could enter a position with a face value of $250,000.
An order to buy below the market or sell above the market at a pre-defined level, hoping that the price will turn in direction from that point.
When you "go long" you are simply placing a buy order on a currency pair.
In forex trading all currency pairs have a base currency and a quote currency. The quote will usually look something like this: USD/JPY = 100.00. The USD is the base currency and the JPY is the quote currency. This quote shows a rate of $1 US Dollar being equal to 100 Japanese Yen. When you place a long trade on this currency pair, you are going long on the USD Dollar and simultaneously going short on the Japanese Yen.
It sounds complicated, but you would make this trade if you believed that $1 was going to become more valuable than 100.00 Japanese Yen(i.e. $1 = 101.00JPY).
The standard unit size of a transaction. One standard lot is equal to 100,000 units of the base currency, 10,000 units if it's a mini, or 1,000 units if it's a micro.
Indicates the lowest price of the trading day
An order which is carried out by dealer intervention.
The deposit required to open or keep a position open. you can buy or sell a position worth up to a estimated $100,000. This allows a trader to leverage his account by up to 100 times or a leverage ratio of 100:1. If a trader's account falls below the minimum amount required to maintain an open position.
When a client’s account falls below the minimum required margin to keep a position open, the client will receive a margin call asking him/her to fund the account in order to keep the position open or to close the position.
An order to buy or sell a currency at the current market price.
Pip stands for percentage in point. A pip is equal to 1/100th of 1 percent.
If you buy the EUR/USD pair at 1.39 and sell it at 1.40 you have gained 100 pips
The currency on the left side of the slash is the quote currency - EUR
Resistance is a technical price level where sellers compensate buyers, causing prices to bounce off a provisional price ceiling.
The overnight charge of interest on a currency pair
Trading that involves regular trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.
When you "go short" you are simply placing a sell order on a currency pair
In forex trading all currency pairs have a base currency and a quote currency. The quote will usually look something like this: USD/JPY = 100.00. The USD is the base currency and the JPY is the quote currency.
This quote shows a rate of $1 US Dollar being equal to 100 Japanese Yen. When you place a short trade on this currency pair, you are going short on the USD Dollar and simultaneously going long on the Japanese Yen.
Calculated in pips, it’s the difference between the order price and the executed price. Slippage occurs in fast moving and volatile markets, or where there is manual execution of trades.
Buying and selling currencies at the current market price
The difference between the bid and ask price of a currency pair.
An order to buy above the market or sell below the market at a pre-defined level, believing that the price will carry on in the same direction.
An order to limit losses at a pre-defined price level.
Support is a technical price level where buyers compensate sellers, causing prices to bounce off a provisional price floor.
A stop-loss order set at a percentage level below/above the market price - for a long/short position. The trailing stop price is attuned as the price fluctuates. The trailing stop order can be placed as a trailing stop market order.
Risk Warning: CFD’s and Foreign Exchange (FX) traded on margin carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.
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