the most commonly traded currencies: EUR, USD, GBP, JPY, CAD, AUD, CHF, NZD. Major currency pairs comprise of US dollar another major currency from the list

A trader that manages orders manually without any help from automatic trading software.

Margin denotes the amount of funds required to deposit in the account in order to open a position and to maintain Open Positions, as determined in the Contract Specifications for each Instrument.

Is a point at which additional funds may be required to maintain open positions should the market go against the trader.

Is a relation between account's current equity and required margin calculated as equity/required margin*100%.

The total market value of a company's outstanding shares. This metric is used to determine an organisation's size. Market capitalisation helps evaluate a company before acquisition.

The end of a daily trading session in a financial market. Many markets also offer after-hours trading beyond the official closing time. However, the trading volume is significantly lower.

A decline in the price of an index or an individual asset of 10 to 20% from its recent peak. Usually, a correction lasts three to four months.

also known as Level II quotes. Is the liquidity that is available at different prices levels of a currency pair.

Is a market situation when: Current Bid price is higher than the Ask of the previous quote; Current Ask price is lower than the Bid of the previous quote. It may occur during major news releases, on the start of a new trading week and high volatility periods. Also referred as to Price gap.

Is a type of brokerage that acts as the counterparty to the clients’ orders. It holds the other side of clients' trades and receives profit from clients losses. Also referred as to dealing desk broker.

Is an evaluation of how much the price of an asset has changed that allows to identify how volatile the underlying asset is.

It is an order to buy or sell a currency pair at the best available current price. It does not contain any restrictions on buy/sell price or any specific timeframe.

The current price at which an asset can be sold or bought, determined by supply and demand. Also, Market quote and Market price.

A betting/trading tactic where the person doubles their initial bet/entry price after suffering each loss. This way, one successful bet/order would recover the loss. This practice, while sound in theory, has one significant flaw. A long enough losing streak may lead to losing all available money. Thus, due to the exponential attributes of the bet, an infinite amount of money may be required to get to the fabled 100% success rate.

Is a trader who allows others to copy his or her trades for a fee via Octa Copy.

A Master IB is an IB who refers not only traders but other IBs as well, and earns a commission based on the activity of these IBs.

A detailed record of board meetings. Most traders await Federal Open Market Committee's meeting minutes as FOMC decides about interest rates and the U.S. money supply.

Is a coding application specifically designed by MetaQuotes to develop, edit and compile Expert Advisors in MQL programming language.

Is a trading platform developed by MetaQuotes Software and released in 2005. The platform provides a variety of tools that allow traders to analyze price, place and manage trades, and employ automated trading techniques.

Is a new generation MetaTrader platform, that, unlike its predeccesor, offers more tools for technical and fundamental analysis

A statistical value reflecting how American households view their financial future and the economy's future as a whole. It is calculated by the University of Michigan every month.

A trading account that allows trading micro lots—1,000 units of a base currency (0.01 lot).

A speed of change in market prices. It is used to determine the strength of trends—once a security price builds momentum in one direction, the probability of it continuing in the same direction is much higher.

A set of actions to control a nation's overall money supply and achieve economic growth. Monetary policy might include changes to interest rates and bank reserve requirements. The policy is overseen by the Monetary Policy Committee, which is mainly responsible for keeping the inflation as close as possible to the nation's benchmark value.

A person or an organisation in charge of a client's investment portfolio. Money managers' services are compensated based on portfolio performance to avoid a conflict of interest.

A technical indicator used to identify general price direction, measure momentum, and determine support and resistance levels. Also, Simple Moving Average or SMA.

A trend-following momentum indicator that shows the relationship between two exponential moving averages of an instrument's price. It indicates whether it is overbought or oversold.

The currency code for the Mexican peso.

The currency code for the Malaysian ringgit.