| En Term | En Description |
|---|---|
| Normal market conditions | condition of a market that meets the following requirements: - absence of noticeable breaks in relation to the trading platform quotes; - absence of rushing price dynamics; absence of significant price gaps |
| Obvious mistake | opening/closing client positions or executing client order at a price that greatly differs from price quoted per instrument in present flow quoting at the moment of processing. Or some other dealer activity or inactivity that deals with mistaken determination of market prices at the present moment |
| Open position | the result of the first part of a completed transaction; at the position opening, the client accepts the following liabilities: - to execute the opposite operation of equal volume; - to maintain equity not lower than 10% of the necessary margin |
| Pending order | the client instructs the dealer to buy or sell once the price reaches the order level |
| Pips (points) | the smallest unit of price for any foreign currency, also referred to as points |
| Price prior to non-market quoting | closing price of minute bar, prior to minute bar with non-market quoting. Price Gap – either of the following situations: – Present quoting Bid is greater than prior quoting Ask; – Present quoting Ask is less than prior quoting Bid. |
| Quote flow | a sequence of numerical data describing the price value of an instrument at a certain time period |
| Range | the distance between levels of support and levels of resistance |
| Resistance level | highest channel’s borderline |
| Rising trend | occurs, when every following value of the wave curve is higher than the previous rate value. The lows of the waves are connected with a straight line – the trend line |