Glossary
Trading terms and definitions
Explore our glossary of key trading terms every trader should know.
A
- Account currency
- The currency selected when opening a trading account. Profits, losses, deposits, and withdrawals are recorded in this currency.
- Account limits
- The maximum amount of money or trading exposure allowed within a specified period.
- API token
- A unique code granting an application access to selected account actions.
- Arbitrage
- A strategy that seeks to benefit from price differences between markets or instruments.
- Ask price
- The lowest price at which a seller is willing to sell an asset.
- Asset
- A financial instrument with value that can be traded, including currencies, stocks, commodities, cryptocurrencies, and indices.
C
- Closed position
- A completed trade that no longer has exposure to future market movement.
- Closing price
- The last traded price of an asset at the end of a trading session.
- Commission
- A fee charged for executing a trade.
- Commodities
- Raw materials such as metals and energy products traded in global markets.
- Contract size
- The standard quantity of an asset represented by one lot of a CFD instrument.
D
- Derivative
- A financial contract whose value is derived from an underlying asset, security, or market index.
- AxiePro Bot
- A platform for building automated trading strategies with visual drag-and-drop blocks.
- AxiePro cTrader
- A multi-asset CFD platform featuring copy trading, advanced orders, charts, and custom indicators.
- Derived indices
- AxiePro-developed markets comprising simulated and market-based indices with varied characteristics.
- AxiePro MT5
- A multi-asset CFD platform for forex, stocks, cryptocurrencies, commodities, ETFs, and Derived Indices.
- AxiePro Trader
- A web platform for options with clearly displayed stakes and potential payouts.
E
- End time
- The time at which a trade contract expires.
- Entry spot
- The market price recorded when a position or options contract begins.
- Equities
- Shares representing ownership in companies traded on a stock exchange.
F
- Fill
- The successful execution of a trade order at an available price.
- Financial instrument
- A tradable asset or contract with monetary value.
- Forex
- Foreign exchange: the global market for buying and selling currencies.
- Forward contract
- An agreement to buy or sell an asset at a specified price on a future date.
H
- Hedging
- A risk-management strategy using an offsetting position to reduce exposure to adverse price movements.
L
- Leverage
- The use of borrowed exposure to control a position larger than the margin committed to it.
- Long position
- A trade placed with the expectation that an asset's price will rise.
M
- Margin
- The funds required to open and maintain a leveraged position.
- Margin calculator
- A tool that estimates the margin required for a proposed trade.
- Margin call
- A request to add funds when account equity falls below the required margin level.
- Market order
- An instruction to buy or sell at the best price currently available.
O
- Options
- Contracts with defined conditions and payouts based on a prediction about market movement.
- Overnight swap
- A financing adjustment applied when a CFD position remains open overnight.
P
- Payout
- The amount returned when an options prediction is correct.
- Pending order
- An instruction held until the market reaches a specified price.
- Pip
- A standard unit used to measure a change in the quoted price of a currency pair.
- Pip value
- The monetary value of one pip for a particular position size.
- Position
- An open trade held in a financial instrument.
R
- Resistance level
- A price area where upward movement may slow or reverse because of selling pressure.
- Risk management
- Methods used to control exposure, including position sizing and stop loss.
S
- Short position
- A trade placed with the expectation that an asset's price will fall.
- SmartTrader
- A browser-based AxiePro platform used for options trading.
- Spread
- The difference between an instrument's bid and ask prices.
- Stake
- The amount paid to open an options trade.
- Stop loss
- An instruction designed to close a position at a specified loss level.
- Swap-free
- An account type without interest-based overnight swap charges.
T
- Take profit
- An instruction to close a position when a selected profit level is reached.
- Technical analysis
- The study of historical market data to assess potential future price movement.
- Tick
- The minimum upward or downward movement in an asset's price.
- Trading account
- An account used to place trades and hold funds for trading activity.
- Trading plan
- A documented strategy defining trade selection, entry, exit, and risk rules.
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