Forex Glossary

Traders, especially beginners, may not know or understand some Forex terms, so we provide our users with a list of specialized terms with their definitions.

En TermEn Description
Server log file

file, created by the server, which records all requests and orders received from the client to a dealer, as well as the processing result, with 1 second accuracy


the difference in pips between the Bid and the Ask quote

Support level

lowest channel’s borderline


the amount of money deducted from or added to a client account for the overnight position


a unique identification number given to each open position or a pending order in a trading platform

Trade operation volume

number of lots multiplied by lot size


person, who trades currency on the Forex market in order to earn profit

Trading Account

unique personalized stock-taking operations register on the trading platform, where complete closed transactions, opened positions, non-market operations and orders are reflected

Trading operation

an act of buying or selling any instrument performed by the client

Trading platform

software and technical facilities that provide the transmission of financial trading information in real time mode, execution of trading operations with account of mutual obligations between the client and the dealer, and control of conditions and restrictions. For the purposes of the present regulation, it consists of "Server" and "Client terminal"

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