In plain words

Glossary

Short explanations of the words used in the course. Click the lesson name to read the term in context.

Terms: 83

A demand to pay before you can withdraw your own funds: a possible sign of fraud.Account protection and security
A trading plan: your rules, written down in advance. The point is to make the decision before the price starts moving on your screen, and your emotions along with it.Trading plan and pre-trade checklist
Asset: a financial instrument or object that can be traded. For example, stocks, currencies or Bitcoin.Key terms for your work
Asset price: the current value of one unit of a particular asset.Key terms for your work
Balance: how much money is in the account, counting only closed trades.Leverage and margin in plain words
Break Even: moving a trade’s protective level to roughly the entry price after the price has moved in your favor. If the market then reverses, the trade may close near the entry point, with a result close to zero.Key terms for your work
Buy: a trade opened in the expectation that the price will rise.Key terms for your work
CFD Contract for Difference: an agreement under which you receive the financial result of a change in an asset’s price without becoming its owner. If the price moves in your favor, the difference is credited to your account; if it moves against you, it’s debited.What are trading and Forex?
Close a Position: to end a trading position and lock in its current financial result.Key terms for your work
Common mistake: opening a trade “on the news” to catch a sharp move. In those minutes, spread and slippage are at their highest, and the direction of the first spike guarantees nothing: it’s a bet, not trading according to plan.News and economic events
Currency pair: the value of one currency relative to another.What are trading and Forex?
Current result of the position: how much the trade is up or down right now.While a trade is open
D1, W1: days and weeks. The big picture; moves develop slowly.How to read a chart
Demo account: a trading account with virtual money. The terminal, the instruments and the sequence of steps are the same as on a live account, but you can’t lose real money.A practice trade on a demo account
Deposit: the funds held in your trading account and used for trading. You manage your account yourself, including funding it and withdrawing funds.Basic terms
Derivatives: financial instruments whose value depends on the value of another asset, the underlying asset.Key terms for your work
Downtrend: each new high and low is lower than the previous one.How to read a chart
Entry: the entry price, Stop Loss limits the loss, Take Profit locks in profit.Basic terms
Entry Price: the price at which a trading position is opened.Key terms for your work
Equity: your balance plus the current result of open positions.Leverage and margin in plain words
Exchange: an organized trading venue where participants can buy and sell financial assets or instruments linked to them.Key terms for your work
Exit Price: the price at which a trading position is closed.Key terms for your work
Financial Analyst: a specialist who analyzes the market, prices, data and other factors to assess the current situation and how the market might move.Key terms for your work
Forex: the international currency market.What are trading and Forex?
Forward: an agreement between parties to buy or sell the underlying asset in the future on terms agreed in advance.Key terms for your work
Free margin: how much is left for new positions and for withstanding a move against you.Leverage and margin in plain words
Fundamental analysis: assessing what affects an asset’s value: the state of the economy, interest rates, inflation, employment, political events.News and economic events
Futures: a derivative financial instrument that lets you get a financial result from changes in the price of the underlying asset through a futures contract, without having to own the underlying asset itself.Key terms for your work
FxPro: your trading account: registration, deposits, withdrawals.Apps you will use
H1, H4: hours. The overall picture of the day is easier to see.How to read a chart
Horizontal axis: time, vertical axis — price.How to read a chart
If you have any doubts: take no action until you have checked the information.Account protection and security
Learning goal: not to promise easy profits, but to help you understand the process and learn to work with risk.Welcome and your path
Level: a price at which the movement has already stopped or reversed more than once. Levels are drawn from past reversals, and they don’t work like a wall: the price breaks through them regularly.How to read a chart
Leverage: a mechanism that lets you open a position larger than the funds of your own that you put up as collateral.Key terms for your work
Limit Order: an order placed in advance to open a trade at a specified price. The trade opens automatically when the price reaches the specified level.Key terms for your work
Long Position: a position opened in the expectation that the price will rise.Key terms for your work
Losses: part of trading. The key point — don’t let one bad trade influence your next decisions.Trading psychology
Lot: the size of a trading position, that is, the volume with which you open a trade.Basic terms
M1, M5, M15: minutes. Lots of movement, lots of random noise.How to read a chart
Margin: the part of your funds that the broker sets aside for an open position. While the position is open, this money is locked.Leverage and margin in plain words
Margin Call: a warning: you have almost no free funds left, and you cannot open new positions.Leverage and margin in plain words
Margin level: the ratio of equity to used margin, as a percentage. While a position is in profit, the level rises; when the price moves against you, it falls.Leverage and margin in plain words
Market: the environment in which participants make trades and in which the prices of financial assets are formed and change.Key terms for your work
Market Order: an order to open or close a trade at the current market price.Key terms for your work
Market Reversal: a situation in which the price stops moving in its previous direction and starts moving the opposite way.Key terms for your work
MetaTrader 5: opening and managing trades.Apps you will use
Money management: managing your funds and risk while trading.Money management
Open Trade: a trade whose position has been opened but not yet closed.Key terms for your work
Open a Position: to start a trading position.Key terms for your work
Opening a trade: only half the job. After that, the position stays open until it’s closed, and during that time you have tasks of your own.While a trade is open
Options: a derivative financial instrument that gives the buyer the right, but not the obligation, to buy or sell the underlying asset on specified terms.Key terms for your work
Order: the way you ask the terminal to open or close a position. The order type determines the price at which you enter, and whether you enter at all.Order types: market, limit, stop
Position Size: the amount of funds or quantity of an asset for which a particular trading position is opened.Key terms for your work
Pressure to decide urgently: a reason to stop and check the information.Account protection and security
Range: the price moves between two levels with no overall direction.How to read a chart
Reasons to stay out: the most important item and the one most often skipped. Without it, a plan turns into a list of reasons to get into a trade.Trading plan and pre-trade checklist
Risk Management: managing risk while trading.Key terms for your work
Risk per Trade: the acceptable size of a potential loss on a single trade, set in advance.Key terms for your work
Sell: a trade opened in the expectation that the price will fall.Key terms for your work
Short Position: a position opened in the expectation that the price will fall.Key terms for your work
Slippage: the difference between the price you saw and the price at which the trade was actually executed.What a trade costs
Spot: buying or selling an actual financial asset at the current market price.Key terms for your work
Spread: the difference between them. It is the broker’s fee built into the price itself.What a trade costs
Stop Loss: a level set in advance at which the trade closes automatically if the price moves against you.Basic terms
Stop Out: the broker forcibly closes positions to keep the loss from growing any further.Leverage and margin in plain words
Stop order: a pending order that is triggered when the price reaches a set level in the direction of the move: above the current price for a buy, below it for a sell.Order types: market, limit, stop
Swap: an agreement under which the parties exchange certain cash flows or financial obligations.Key terms for your work
Take Profit: a level set in advance at which the trade closes automatically, locking in profit.Basic terms
Telegram: receiving trading signals and working with the trading bot.Apps you will use
The key point: don’t try to guess every market move; follow the system and control risk.What are trading and Forex?
Trader: a specialist who analyzes the market, makes trading decisions and carries out trades.Key terms for your work
Trading: working with changes in the price of financial instruments.What are trading and Forex?
Trading Activity: actions related to carrying out trading operations: opening and closing positions, buying and selling assets and other operations provided for by the trading platform’s terms.Key terms for your work
Trading Signal: a message or recommendation about a potential trading opportunity. It may include the trade direction, entry point, Stop Loss, Take Profit and other parameters.Key terms for your work
Trading bot: a software tool designed to simplify and partly automate the trading process based on a trading signal provided by the trader.Key terms for your work
Trading instrument: an asset or financial instrument that a trade is made with.What are trading and Forex?
Trading journal: a record of your own trades. Without one, a review turns into a set of memories, and in trading memories are almost always distorted: successful trades stand out more, and the reasons for entering get adjusted after the fact to fit the result.Trading journal
Trading psychology: the ability to control your emotions and stick to the rules of your trading system, regardless of how any single trade turns out.Trading psychology
Underlying asset: an asset whose value forms the basis of another financial instrument.Key terms for your work
Uptrend: each new high and low is higher than the previous one.How to read a chart
Used margin: how much is set aside for open positions.Leverage and margin in plain words
Your job: to follow the system, not to try to control the outcome of each individual trade.Trading psychology