Ask Price
The price at which the market is willing to sell a currency pair to you — the higher side of a quote.
Arbitrage
Profiting from a price difference for the same asset across two markets, usually held only briefly.
Base Currency
The first currency in a pair (e.g. EUR in EUR/USD); prices show how much quote currency one unit buys.
Bid Price
The price at which the market will buy a pair from you — the lower side of a quote.
Bull / Bear Market
A rising market is 'bull'; a sustained falling market is 'bear'.
CFD
A Contract for Difference — you trade price movement of an asset without owning it.
Copy Trading
Automatically mirroring the trades of a chosen strategy provider in your own account.
Currency Pair
Two currencies quoted against each other, such as GBP/USD.
Drawdown
The drop from a peak in your account balance to a low point, shown as a percentage.
Demo Account
A practice account funded with virtual money to trade real market conditions risk-free.
Equity
Your account balance adjusted for the floating profit or loss of open positions.
Execution
The completion of a buy or sell order at an available market price.
Fundamental Analysis
Assessing value through economic data, news and interest-rate expectations.
Forex
The global market for exchanging one currency for another.
Leverage
Borrowed exposure that lets a small deposit control a larger position — magnifying gains and losses.
Lot
A standardised trade size. A standard lot is 100,000 units of the base currency.
Liquidity
How easily an asset can be bought or sold without moving its price.
Margin
The deposit required to open and hold a leveraged position.
Margin Call
A warning that your equity has fallen too low to support open positions.
Pip
The smallest standard price move in a pair — usually the fourth decimal place.
Position
An open trade in the market, either long (buy) or short (sell).
Spread
The difference between the bid and ask price — a core cost of trading.
Stop Loss
An order that closes a trade automatically at a set level to cap a loss.
Slippage
The gap between an expected fill price and the price you actually get, common in fast markets.
Swap
The interest paid or earned for holding a position overnight.
Take Profit
An order that closes a trade automatically once a target profit level is reached.
Technical Analysis
Studying price charts and patterns to anticipate future movement.
Volatility
The rate and size of price movement; higher volatility means bigger swings and risk.