Forex Glossary

Below is a forex glossary of the most common terms which I trust you should find useful

AUD	Australian Dollars
CAD	Canadian Dollars
CHF	Swiss Francs
Currency Account/Lot	The amount of currency traded on. The amount can be either $100,000 or $10,000. Not to be confused with Traders Account
EUR	Euros
GBP	Great British Pounds
Forex	Foreign exchange trading
JPY	Japanese Yen
Limit entry order	A trade placed at a lower price than the current market price.
Margin	The amount needed in an account to trade, influences cost of lot. Negotiable when trading $100,000 lots fixed at 0.005% when trading mini accounts.
Market order	A trade at the current market price.
Mini account	$10,000 currency account or lot.
NZD	New Zealand Dollars
Pips	The last decimal point in a currency, also the number of points a trade fluctuates by.
Standard trading account	$100,000 standard currency account or lot
Stop entry order	A trade place at a price higher than the current market price.
Traders Account	The amount of money a trader has in their personal trading account.
Trailing stop order	A stop order with a specific amount of pips , prevents a trade falling beyond a specified point.
USD	United States Dollars

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