Major currencies are currencies that have a large volume of transactions and are highly liquid in the foreign exchange market. There is no international definition, and the composition of major currencies varies depending on the transaction situation, but it mainly refers to the US Dollar, Euro, Japanese Yen, Pound, etc.
[ Antonyms ] - Minor currencies
Margin is the amount of money needed to open a leveraged trading position. When trading, you are only required to put up a small amount of capital to open and maintain a new position. This capital is known as the Margin. In Forex trading there are two types of margin:
- A deposit margin that is needed to open a position.
- A maintenance margin that is needed to keep the position open.
Once you have opened a position, you might need to add more cash if your trade starts to incur a loss and your deposit margin is no longer enough to keep the position open.
The basic formula can be calculated by "exchange rate x amount of purchased currency / number of leverages = required margin".
Margin call refers to a state in which an additional deposit is required when the position you hold falls below a certain ratio due to fluctuations in the market price.
[ Synonyms ] - Margin
Margin level、Current margin percentage
It is the ratio of your Equity to the Used Margin of your open positions.
The venue is the time when the market is open. Stock exchanges and financial instruments exchanges have a fixed trading time, but there is an order-able time (only reception is possible, matching is on-site) where you can place an order even after hours.
A market order represents an order you give to your broker to enter or exit a trade at the best available price, at a given time.
Minor currencies are currencies that have low trading volumes and low liquidity in the foreign exchange market. There is no international definition, and the composition of major currencies differs depending on the transaction situation, but it mainly refers to Turkish lira, South African rand, etc.
[ Antonym ] - Major currency, exotic currency
A moving average is a line graph that averages the prices of the past fixed period and connects those values on the chart. The period for averaging the closing prices can be set to daily, weekly, monthly, etc.
The bid price is the price at which the day's trading begins.
An order is a request for a trade to be executed. It is is a "sell" or "buy" order.
An overnight position is a position that you do not settle on the same day and carry it over to the next day.
An overshoot is a burst of violent movement, as if the exchange rate jumped over a chart point.
A position is a net total exposure in a given currency. A position can be either long (more currency bought than sold) or short (more currency sold than bought)
Realised profit / loss refers to profit / loss that is settled and the order is confirmed by unrealised profit / loss generated in the trade.
[ Synonyms ] - Fixed profit / loss
Rollover is the procedure of moving open positions from one trading day to another day.