PIPTRADE | Spread Trading | Online Trading | Financial Capital Markets

FSA License no.: 186171

Glossary of Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Ask The buying price. The higher price of the two way quote.

Bearish A term to describe a predicted decrease in price movement in the market.
Bottom The low price.
Bid The selling price. The lower price of the two way quote.
Bullish A term to describe a predicted increasing price movement in the market.

CFD This stands for a contract for difference. It basically means that there is no physical delivery of a product between the buyer and the seller. All profits and losses are simply made over a theoretical transaction on paper and not in owning the product.Closed This term describes a position that has been open at one point but now has been offset by the opposite position to take profit.

DeclineA continuous decrease in price of a product is said to be a decline.Downside Target A predicted lower price target.DividendA taxable payment declared by a company’s board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly.

FXForeign Exchange or currency FuturesA futures contract is a standardized contract, to buy or sell a specified commodity of standardized quality at a certain date in the future, at a market determined price (the futures price)

GTCThis means good until cancelled. Basically if you place an order as GTC it will continue to stay in the market until it has been filled by hitting the price you placed it at or until you decide to cancel it.GFDGood for Day an order that will stay in the market until the market closes on that day

HedgingThis is a term used to explain someone who has the same number of buy positions as to their sell positions on one product. Market movements cannot affect a hedged position, as any profits or losses from one position will be offset by the other position.High Range If a product closes near to the high of the day

Long Taking a buying position in the market (+1)Low Range If a product closes near the low of the dayLimit orderThis is a type of order you can place into the market to prevent you having to keep watching the market. You would place an order like this at a price that is in a more favorable position to the current market price. They will be cancelled at the end of the trading day or until you cancel it.

MocMarket on Close. This is the closing price of a productMooMarket on Open. This is the price at which a product opensMid Range If a product closes near the middle of the trading rangeMarket liquidityMarket with a high degree of liquidity is resulting from a large number of buyers and sellers. Essentially is the ability of an asset to be converted into cash quickly without any discount.

NeutralA predicted sideways movement in the market price

OverboughtA term used to show a bullish view has been wrongly predicted and that the market will change trendsOversoldA term used to show a bearish view has been wrongly predicted and that the market will change trendsOpen This term someone who has a position that is affected by the movements of the market

Pip/Tick The smallest possible price movement of a product

Rally When there is a continuous increase in price of a product it is said to be on a rallyReversal If the market is moving in one direction and suddenly changes it is said to have posted a reversal up/downResistance A level at which it is predicted the market will take a downward action

ShortTaking a selling position in the market (-1)Sideways If a products price remains constant it is said to be moving sidewaysSupportA level at which it is predicted the market will take an upward action Stop Loss orderThis type of order is placed (usually when you have one open position) to prevent losses. You place this in a less favorable market price to the current market price. This means if the market hits this price you will be losing money but by placing this order you are protected if the market continues to drop past this pointSpreadThe spread is the difference in the price between the bid and ask or buy and sell priceStochastics and the RSITechnical Analyst specialists

Tick ValueThis is the dollar value of the pip of a product. It depicts the amount of profit or loss one single pip movement has on a productTwo-way QuoteA quote which consists of two prices the bid and the ask. It is quoted with a buying price and a selling price with the two figures separated by this symbol / E.g. EURUSD 1.3140/45. In this case the 40 is the bid 45 is the askTrading RangeThis is the amount of pips a product has moved within a day. It is the difference between the high and the low of the productTop The high priceTick The smallest possible price movement of a financial product ( Up or Down ). Also called the minimum fluctuation .

Upside Target A predicted higher price target

Open Account

How it Works

	Dedicated PERSONAL VIP CUSTOMER SERVICE on the phone 24x5
	Access and trade through your PERSONAL VIP CUSTOMER SERVICE REP
	Get instant news, market & account updates through a range of options
	Access to leading market analysis tools Autochartist and Trading Central

About Us

Education

Products

Accounts

Trading Platforms

Partnerships

Support