Trader`s Glossary
A
between the hours of: 23:00 to 08:00 (Tokyo).
another name for the Australian Securities Exchange (ASX 200); 200 stands for top 200 (by market capitalisation) companies listed on the ASX.
Aussie or Ozzie are nicknames for the AUD/USD currency pair.
B
a summarised financial result of all funds deposited in, and withdrawn from the customer's account, and of all closed positions in that account.
the given central bank country lending rate, which is used by banks to calculate the interest rate given to borrowers.
a pending order for establishing an open Buy position in the customer's account. In the event that the price on the specified instrument falls to the specified level; it can be only executed at the Ask price, and then placed below the current Ask price of the specified instrument.
an open position that represents expectation that the market price will increase (e.g. buying the base currency against the quote currency, or buying a contract for difference on an underlying security rate).
C
one of the ways to view or present a chart. The Candlestick Chart indicates the opening and closing price in a chosen date range; if the close price is higher than the open price, then that area of the candlestick is not shaded, and vice versa if the open price is higher than the close price.
an object of a electronic transaction based on the price fluctuation of an underlying asset (e.g. stock or futures contract).
a diagrammatic representation of historical quotes in the form of lines, bars or candlesticks.
a text file located in the folder 'MetaTrader4/Logs' that is used for recording all requests from the client terminal; it is created in the form of separate daily files.
the MetaTrader 4 (hereafter called MT4) program designed for customer trading, exercising supervision over customer accounts, obtaining real-time and historical quotes, news and other market information that Admiral Markets may have made available to our customers. Also commonly used for technical analysis, automated trading by expert advisors, and for customer feedback via the internal mail system.
a request or instruction for closing two locked positions on the same instrument.
D
a stream of quotes in Admiral Markets' MT4 trading platform.
an Admiral Market's employee responsible for accepting customer requests, executing customer orders and carrying out the liquidation of customer open positions in the event of a Stop Out.
money deposited on an account.
an event that occurs when our customers believe that Admiral Markets' actions or inactions are erroneous or contradictory to what is found in the Terms or/and the Admiral Markets Customer Agreement, and vice versa.
E
between the hours of: 07:00 to 16:00 (London).
order execution mode where a transaction order is passed to an external gateway connected to an exchange or another liquidity provider.
F
''Forex (FX) is the global market for buying one currency and selling another.''
G
Gross Domestic Product is the total value of a country's output, income, or expenditure produced within its physical borders.
H
combination of positions or a position that reduces the risk of your primary position
Admiral Markets' margin requirements for maintaining locked positions.
I
a request execution type that means all quotes shown in the Client Terminal can be accepted by Admiral Markets for customer trading, with no preliminary requests for quotes.
L
between the hours of: 08:00 to 17:00 (London).
an amount of base currency units or underlying asset units that is specified by Admiral Markets' contract as a transaction size per 1 standard lot.
M
order execution mode where a transaction is processed at the best price available on a trade server.
a request for modification of a pending order level; a request for placement, cancellation or modification, or Stop Loss & Take Profit levels on an open position or pending order.
a software platform designed for online trading, which is the technology base for Admiral Markets' customer trading services; consisting of MT4 Client Terminal (customer terminal), MT4 Server, MT4 Data Center, MT4 Multiterminal, MT4 Mobile and MT4 Smartphone.
a request or instruction to close all locked positions in a customer's account
N
between the hours of: 08:00am to 05:00pm (New York time)
the opposite of a rapid market; where there are no market data errors.
O
a price specified by the customer in the order placement request as an instruction for opening a position in his/her account, at this price and under conditions determined by the order type.
P
Q
Admiral Markets' server archive file, which contains historical quotes.
R
S
Straight Through Processing, i.e. passing all transactions electronically to the execution venue without human intervention
an object of an electronic transaction (e.g. currency pair, stock CFD, futures CFD); an instrument within MT4.
T
a unique identification number of a position, order or balance operation in the customer's account.