Forex glossary | 2
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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
Client log file

file, created by the client terminal, which records all requests and orders sent from the client to a dealer with 1 second accuracy

Client terminal

MetaTrader 4 or 5 software product that lets the client get information about financial market trades in real time mode (volume defined by the company), perform technical analysis of markets, operate, set/change/cancel orders and receive messages from the dealer and the company as well

Closed transaction

consists of two opposite trading operations of equal volume (the position opening and closing): buying followed by selling or selling followed by buying

Contract specifications

general trading conditions (such as spread, lot size, minimal trading operation volume, trading operation volume increment, initial margin, lock margin etc.) for each instrument

Currency pair

two currencies which make up a foreign exchange rate, for example, EUR/USD

Dealing

non-cash currency trading

Dealing center

company that provides access to the money market

Developer

“MetaQuotes Software Corp.” is the trading platform developer

Figure

price change for 100 pips. For example, price change EUR/USD from 1.3770 to 1.3870 – this means figure increase

Force major circumstances

occurrences which could not be foreseen or prevented. These include: natural disasters; wars; acts of terrorism; government actions, actions of executive and legislative government authority, hacker attacks, and other unlawful acts toward servers

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