Levels 5-7 / Course
Protection and Account Mechanics
Learn the units and account terms that change trading risk.
COURSE OUTLINEModule · Protection and Account Mechanics
01What is Stop Loss?A stop loss is an order setting intended to limit a loss if price moves against you.4 min02What is Take Profit?A take profit is an order setting intended to close at a chosen favorable level.3 min03What is Lot Size?Lot size is the amount of an instrument represented by your position.3 min04What is a Pip?A pip is a common unit used to describe a small price move in many currency pairs.3 min05What is Spread?Spread is the difference between the bid and ask prices.3 min06What is Leverage?Leverage lets a position have more market exposure than the cash margin set aside.4 min07What is Margin?Margin is the amount set aside to open and maintain a leveraged position.4 min