A trading account where no overnight interest (swap) is charged on positions.
The difference between the expected price of a trade and the price at which it is executed.
The standard unit size of a trade (e.g., 1 lot = 100,000 units of currency).
The smallest price movement in a currency pair, usually 0.0001 for most pairs.
An order to close a trade automatically at a specified price to limit losses.
An order to close a trade automatically at a specified price to secure profits.
The amount of money required to open a leveraged position.
A margin call occurs when your trading account no longer has enough funds (margin) to support your open positions.
A Stop-Out is the automatic closure of your open trades by the broker when your account equity falls to a critical low level.
Lot size refers to the volume (size) of a trade you place in the market.
A Market Order is executed instantly at the current market price, while a Pending Order is placed to be executed automatically at a specific price you choose in the future.
There are 4 types of Pending Orders in trading:
A Trailing Stop is a type of stop-loss order that automatically moves with the market price to lock in profits while limiting losses.
The required margin is the amount of money needed to open a trade, based on your lot size and leverage.
Required Margin = (Lot Size × Contract Size) ÷ Leverage
An order to buy or sell immediately at the current market price.
An order set to execute at a specific price in the future.
The difference between the buy (ask) and sell (bid) price of an instrument.
The total value of your account, including unrealised profits or losses.
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