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.
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.
[Antonyms] Limit orders
Titan FX classifies gold, silver, platinum, and palladium stocks as precious metals.
Precious metal (metal) trading is based on the price of each product in the settlement currency (the currency listed on the right side of the currency pair), and the difference between the start and end of the transaction.
On the MT4 / MT5 stock list, there are descriptions divided into "COM GLD", "COM SLV", and "COM Metals".
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.
On Chain Fee
On-chain fees refer to fees charged on the virtual currency network (blockchain).
It is a fee for using the corresponding blockchain, and it is a variable thing that rises as the number of transactions (transactions) on the blockchain at that time increases.
Various names such as “miner fee” and “gas fee” are used by the virtual currency network.
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.
Oscillators are momentum indicators used in technical analysis that read the trends of "overbought" and "oversold" assets.
Over the counter (OTC)
In these transactions the seller and the buyer directly determine the price and quantity without going through the market. In addition, since the trading mechanism of Titan FX corresponds to "market trading", it does not fall under this category.
[Antonyms] Competitive trading, Auction trading
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.
Pips are a standard unit of price movement used in FX/CFD trading, allowing for easy comparison of price movements across different currency pairs. On our MT4/MT5 platforms, we use 'points' as the minimum unit for price ranges and spreads. 1 pip is equal to 10 points. The number of decimal places for displaying prices varies depending on the currency pair. For pairs with JPY (e.g., USDJPY), 1 pip is the 2nd decimal place, while for pairs without JPY (e.g., EURUSD), 1 pip is the 4th decimal place.
The term 'platform' refers to the software and applications used for FX/CFD trading on the Titan FX website. Titan FX offers dedicated trading platforms, including MT4 (MetaTrader 4) and MT5 (MetaTrader 5) for Windows. Additionally, there are versions of MT4/MT5 available for MacOS, iOS, and Android provided by MetaQuotes, the developer. Traders can also access web-based platforms, allowing them to trade directly from a web browser."
Points are used interchangeably with pips and represent the minimum price movement in FX/CFD trading. Like pips, 1 point is equal to 10 points on our MT4/MT5 platforms. The number of decimal places for displaying prices varies depending on the currency pair. For pairs with JPY (e.g., USDJPY), 1 point is the 3rd decimal place, while for pairs without JPY (e.g., EURUSD), 1 point is the 5th decimal place.
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)
Profit and loss
Profit and loss (P&L) refers to the gains and losses resulting from a trading transaction. In FX and CFD trading, there are two types of positions: 'buy positions' and 'sell positions.' Buy positions aim to profit from rising prices, while sell positions aim to profit from falling prices. P&L is calculated as follows: (P&L) = (Close Price - Open Price) x Contract Size x Number of Lots Transaction fees and swap points may also affect the final P&L.
Profit and loss currency
The profit and loss currency is the currency in which P&L is calculated. It varies by trading instrument. For FX currency pairs, the profit and loss currency is typically the second half of the currency pair (e.g., JPY for USDJPY). Stock index CFDs have their margin currency as the profit and loss currency. US stock CFDs are generally calculated in USD.
Psychological line (PSY), as an indicator, is the ratio of the number of
rising periods over the total number of periods. It reflects the buying
power in relation to the selling power.
If PSY is above 50%, it indicates that buyers are in control. Likewise,
if it is below 50%, it indicates the sellers are in control. If the PSY
moves along the 50% area, it indicates balance between the buyers and
sellers and therefore there is no direction movement for the market.
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.