Forex Glossary

While trading, the following words shall have the corresponding meanings:

Here we provide you with the following explanation.

This term refers to the difference between the price that was requested and the price obtained typically due to changing market conditions. In the case that the price obtained is higher than the price requested by the investor, it is called “positive slippage”. Whereas, if the price obtained is lower than the price requested by the investor, it is called a “negative slippage”.

Slippage is a normal occurrence in the market and a common deal for foreign exchange markets.

The price obtained in a deal can vary significantly from the original price during unusual market conditions. This often occurs in the following cases:

  • When prices change rapidly
  • During news spread
  • When there is insufficient cash flow to execute a specific trading volume at the advertised price
  • During market opening hours

The suspension or closing of trading depends on the price increase or decline during the same session and in accordance to the relevant rules of exchange.

* The volatile period in the direction of increase or decrease of prices is significantly far from the advertised prices.

It is the username and password of every trader in order to have access to youronline trading account.

Any transaction account which is opened for investors on our records to allow trade in Financial Instruments.

The total sum of your Account after the last transaction made within any period of time.

The first currency in the currency pair.

The conditions as advertised by the company that must be fulfilled by all investors in order to receive the bonus incentive.

Any day, other than a Saturday or a Sunday, or the 25th of December, or the 1st of January.

The Agreement between the Company and the Client, which you can read under terms and conditions section.

The currency that you choose when opening an Account with us or that you request to convert into after the Account is opened.

Consists of 2 currencies. The first one is the Base Currency and the second is the Quote Currency.

The Company shall act as agent of the Client when receiving and transmitting orders. The liquidity providers are banks, credit card companies, among others.

Is the tool that enables the client to open deals in amounts greater than his capital. For each dollar traded by the client, he can trade x200 without the risk of more than one dollar.

The necessary guaranteed funds to open positions or to maintain open positions.

Non-Deliverable Forwards. This has the same meaning as CFDs.

Contracts for Difference

Any software used for making it possible to obtain information of markets in real time, to make technical analysis on the markets, enter into Transactions, place, modify, or delete Orders.

A deal of purchase or sale not yet closed.

An instruction sent through the Trading Platform.

Order to buy or sell a Financial Instrument at a price different from the market price.

The second currency in the trading currency pair.

Buy currencies to sell when the price rises to make a profit from it.

This term refers to the difference between the expected price and the price at which the trade is actually executed.

The difference between the ask and the bid prices of an underlying asset.

An offer to close a transaction at a price determined in advance by the Client when opening the deal.

Refers to a transaction opened at a certain date and opening the same trading deal the next day.

The amounts earned in each transaction that was opened.

Are the recommendations that the company sends to you via mobile daily, which tells you the deals that would be preferable to hold according to the daily market analysis.

Any trading of any financial instrument whether in selling or buying.

A price that acts as a floor for past or future price movements.