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Trading Account

An arrangement by which the broker accepts a customer's financial assets and holds them on behalf of the customer at his or her discretion.


Account Currency

The currency of the account's assets. Account's profit/loss, balance and fees are calculated in this currency.



The total financial result of all transactions and deposits/withdrawals to/from an account.



The amount currently held in a trading account calculated as if all opened positions are closed at the current market quotes, plus/minus the rollover fees.

Equity = Balance + Floating P/L + Swap,



The deposit required to open or maintain a position. Margin can be either free or used.


Used Margin

Used margin is the amount which is being used to maintain all your open positions


Free Margin

Free margin is the amount available to open new positions.

Free Margin = Equity – Used Margin.

With a $1,000 margin balance in your account and a 1% margin requirement to open a position, you can buy or sell a position worth up to a notional $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, he will receive a margin call requiring him to either add more money into his or her account or to close the open position. Most brokers will automatically close a trade when the margin balance falls below the amount required to keep it open. The amount required to maintain an open position depends on the broker and could be 50% of the original margin required to open the trade.


Positions Value

Value of all positions. Amount of the values from Value column.



One of the participants in a transaction.


Currency Pair

The two currencies that make up a foreign exchange rate. For Example, EUR/USD.

Base Currency

The first currency in the pair.


Quote Currency

The second currency quoted in a currency pair in Forex. Also known as the "terms" or "counter" currency.


Day Trading 6

Trade oriented at gaining profit within one day.


Trading Platform

The Software used to perform trading operations.



A style of trading that involves frequent trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.



The smallest price increment a currency can make. Also known as points. For example, 1 pip = 0.0001 for EUR/USD, or 0.01 for USD/JPY.



Since most traders are interested in the last two digits of a quote, a figure (also called a big figure) refers to the first digit before those two. In this sense, a figure equals 100 pips.



The difference in pips between the Bid and the Ask quote.


Order ID or Ticker

Unique identification number given to every opening position or pending order.



A trade executed between a buyer and a seller.


Market Opening

The beginning of a trading session.


Closing Price

The last quoted price at the end of the trading session.


Price Gap

The difference in price between the close and open prices of two consecutive sessions. Price gap is mostly used when it refers to a significant difference.


Market Trend – Current general direction of the price movement.



A Contract for Difference (CFD) is a product which allows you to profit from the price movements of foreign stocks and indices, without actually buying or selling them. This means that if you have bought a Contract for difference (CFD) on ABC company shares, you do not actually acquire the corresponding number of shares, but have the opportunity to gain from the difference between the buy and the sell price.



A commodity is food, metal, or another fixed physical substance that you can buy or sell, usually via futures contracts.



Futures involve a financial contract that requires the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a specific price on a predetermined date in the future.



Exchange traded funds (ETFs) resemble open-ended mutual funds but are listed on a stock exchange and trade like stock through a brokerage account.