MT5
A platform used to view markets and send orders through a broker.
Related lessonREFERENCE / A-Z
Trading Glossary
Short explanations for the words used throughout the beginner path.
XAUUSD
A common symbol for gold priced in US dollars.
Related lessonForex
A market where currencies are quoted against each other.
Related lessonCFD
A leveraged contract whose value follows an underlying instrument; terms vary by broker.
Related lessonLot
A position-size unit defined by a contract.
Related lessonPip
A common unit for describing a currency price move.
Related lessonPoint
A platform price increment; its value depends on symbol digits.
Related lessonSpread
The difference between bid and ask prices.
Related lessonLeverage
Exposure created with a smaller amount of margin; it magnifies risk.
Related lessonMargin
Funds set aside to open and maintain a leveraged position.
Related lessonStop Loss
An instruction intended to limit a loss if price reaches a selected level.
Related lessonTake Profit
An instruction intended to close at a selected favorable level.
Related lessonMarket Order
A request to execute as soon as possible at an available price.
Related lessonPending Order
An order waiting for a chosen condition or price.
Related lessonBalance
Account value based on closed results and account movements.
Related lessonEquity
A live account value that includes open position results.
Related lessonFree Margin
Margin available after considering the account's current state.
Related lessonSwap
A broker-specific overnight financing or adjustment.
Related lesson