Trading Glossary

The currency in which account balance, equity, margin, profit or loss, and account charges are displayed or converted.

The price at which an instrument can be bought. The ask is normally shown alongside the bid, and the difference between them is the spread.

The cash value of a trading account after closed trades and account transactions, excluding floating profit or loss on open positions or any credit applied to the account.

The first currency in a forex pair. In EUR/USD, EUR is the base currency and USD is the quote currency.

The price at which a market can be sold. The bid is normally lower than the ask price, but it can equal the ask when the live spread is 0.0.

A pending order to open a buy trade if the market price reaches or goes below the specified order price. Buy limits must be set below the current market price.

A pending order to open a buy trade once price moves above a specified stop level above the current market price.

A derivative contract where the trader and broker agree to exchange the difference in value of an instrument, between the opening and closing time, without requiring ownership of the underlying asset.

A separate transaction fee charged on some account types (such as FX and metals on TabTrade's Edge and VIP accounts) or instruments (Cryptocurrency and Shares), calculated proportionally by lots or notional volume traded.

A CFD based on a commodity market such as gold, silver, oil, natural gas, or agricultural products.

The notional amount represented by one lot or contract of an instrument. Contract size affects pip value, margin, and exposure.

Platform details for an instrument, such as contract size, trading sessions, margin settings, swap rates, tick size, and volume limits.

A feature where one account can copy trades from another account or strategy provider, subject to platform settings and account permissions.

A CFD based on cryptocurrency price movement. It gives exposure to price changes without holding the underlying cryptocurrency or trading on its blockchain.

A trading platform used for charting, order entry, account monitoring, and strategy tools where supported by the broker.

A conversion applied when profit or loss, margin, commission, swap, or other account values are in a different currency from the account currency.

A trading style where positions are usually opened and closed within the same trading day, without aiming to hold overnight or through end of day rollover.

The completed execution of an order, including the filled price, volume and time.

A practice account that uses virtual funds to explore platform features, order entry, and market behaviour without risking real money.

A view of available bid and ask interest at multiple price levels where the platform or market data source provides it.

An account adjustment that may apply to some share or index CFDs around dividend events, depending on the instrument and position direction. This ensures the CFD passes on events in the underlying market.

A net floating loss on open positions or a decline from a previous equity or strategy peak to a lower value, usually measured in money or percentage terms.

Pricing model based on aggregated external liquidity sources, often using variable spreads and a separate commission structure.

A schedule of economic releases, central bank events, holidays, and other announcements that may affect market volatility and liquidity.

Account balance plus or minus floating profit or loss from open positions, and including the value of any credit on the account. Equity changes as open positions move.

A forex pair that includes at least one less commonly traded or emerging-market currency, often with wider spreads, higher swap rates and lower liquidity than majors.

An automated trading program used in MetaTrader 5 to analyse markets or place and manage orders according to defined rules.

The amount of market risk represented by open positions, often described by direction, instrument, notional value, or total account sensitivity.

A protocol used for electronic trading messages over a dedicated connection, commonly associated with institutional or advanced trading infrastructure.

The current profit or loss on open positions before they are closed and moved into account history.

The market for trading currency pairs, where one currency is exchanged against another.

Funds not currently tied up as required margin. Free margin can absorb floating losses or support new positions, subject to account rules.

Analysis that considers economic data, interest rates, company information, policy decisions, and other external factors that may affect markets.

A rate used to calculate overnight financing or swap adjustments for an instrument, which may differ for long and short positions.

A price move where the market jumps from one level to another with no trading between those prices, often around news or market open.

The risk that a market opens or moves through levels without trading at each intermediate price, causing orders to fill away from intended prices.

Holding positions intended to offset some exposure in another position. Hedge behaviour depends on platform settings and account rules.

A CFD based on the value of a stock index, usually a group of shares representing a market or sector such as the Nasdaq 100.

The margin required to open a leveraged position before any later changes to equity, price, or margin settings.