DOGE-FX- Ask price
- The price you buy at. It is a little higher than the bid price.
- Bid price
- The price you sell at.
- Spread
- The difference between the ask and the bid price.
- Pip
- The standard price step in forex. For EURUSD one pip is 0.0001; for USDJPY it is 0.01.
- Lot
- The trade size. One standard forex lot is 100,000 units of the base currency; 0.01 is a micro lot.
- Leverage
- Borrowed buying power. With 1:100 leverage, $1,000 of margin controls a $100,000 position.
- Margin
- Money set aside from your balance to keep a trade open.
- Free margin
- Equity minus the margin in use. It is what you can use for new trades.
- Margin level
- Equity divided by used margin, in percent. A low margin level can lead to a stop out.
- Equity
- Your balance plus or minus the profit or loss of open trades, plus bonus and credit.
- Balance
- Your money without the result of open trades.
- Stop loss
- An order that closes your trade at a set loss to limit risk.
- Take profit
- An order that closes your trade at a set profit.
- Pending order
- An order to buy or sell later at a price you choose (limit or stop).
- Buy limit
- Buy below the current price, expecting it to bounce up.
- Sell limit
- Sell above the current price, expecting it to fall back.
- Buy stop
- Buy above the current price, expecting the move up to continue.
- Sell stop
- Sell below the current price, expecting the move down to continue.
- Swap
- Overnight interest credited or charged on positions kept open after the daily close.
- Stop out
- Automatic closing of trades when the margin level falls too low.
- Long
- A buy position.
- Short
- A sell position.
- Volatility
- How much and how fast a price moves.
- Liquidity
- How easily a market can be bought or sold without moving the price much.
- Candlestick
- A chart bar showing the open, high, low and close of a period.
- Support
- A price area where buyers have stepped in before.
- Resistance
- A price area where sellers have stepped in before.
- Trend
- The general direction of the price: up, down or sideways.
- Moving average
- The average price over a number of bars, used to see the trend.
- Bollinger Bands
- Bands above and below a moving average that widen when the market is volatile.
- CFD
- Contract for difference: you trade the price change without owning the asset.
- Rise / Fall
- A fixed-time trade: choose whether the price ends higher or lower after a set time.
- Copy trading
- Automatically opening the same trades as a trader you follow.
- Bonus
- Extra trading funds. Bonus can be used for trading but cannot be withdrawn.
- KYC
- Know your customer: identity checks required before deposits and withdrawals.
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