Trader`s Glossary
A
a dealer in contracts for differences on spot foreign currencies, stocks and futures.
www.admiralmarkets.com
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a summarised financial result of all funds deposited in, and withdrawn from the customer's account, and of all closed positions in that account.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 Admirals 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.
parameters of an instrument specified by Admirals for customer trading and published on the Admirals website.
a physical or juridical person; a signatory of the Customer Agreement with Admirals.
D
a stream of quotes in Admirals' MT4 trading platform.
an Admirals' 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 Admirals' actions or inactions are erroneous or contradictory to what is found in the Terms or/and the Admirals 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
Admirals' margin requirements for maintaining locked positions.
I
Admirals' requirement for security collateral to open a position.
a request execution type that means all quotes shown in the Client Terminal can be accepted by Admirals for customer trading, with no preliminary requests for quotes.
L
The London Inter-Bank Offered Rate, which banks widely used as a base for international lending until 31 Dec 2021. The LIBOR was replaced by alternative reference rates ("ARRs"), such as USD SOFR, Euro €STR, GBP SONIA and others.
between the hours of: 08:00 to 17:00 (London).
an amount of base currency units or underlying asset units that is specified by Admirals' contract as a transaction size per 1 standard lot.
M
a summarized value of the customer's account funds that is reserved as security collateral for maintaining that customer's open position; in accordance with Admirals' margin requirements.
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 Admirals' 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 contract for buying or selling an instrument within the customer's account; the first part of a complete transaction and an obligation to make an equal counter transaction afterwards; also treated as the customer's obligation to satisfy Admirals' margin requirements and to maintain, without notice or demand from Admirals, a sufficient account balance at all times that continuously meets Admirals' margin requirements and the equity/margin minimum ratio specified by Admirals (e.g. a minimum ratio of 30%).
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
the time which the Admirals server is synchronized with; a time zone which is used for recording any events into the server log-file; Admirals MT4 is currently synchronized with GMT+2 or GMT+3 during Daylight Savings.
Q
Admirals' server archive file, which contains historical quotes.
providing the customer with quotes that Admirals may accept for buying or selling instruments in his/her account.
R
S
the MT4 server that transmits requests from the Client Terminal to dealers, sends (i.e. news, quotes, execution confirmations) to the Client Terminal and records all messages related to the customer trading process; it maintains mutual liabilities between Admirals and our customer, which are formalised in the Admirals Customer Agreement, contract details and margin requirements.
an incorrect quote generated by the server because of a data feed error; commonly looks like a significant price gap returning close to the previous level on the next price update, with no signs of the rapid market around; Admirals has the discretion, but not the obligation, to remove such errors from its quotes database.
compulsory closing of the customer's open positions by Admirals, in the event the customer's account does not satisfy Admirals' margin requirements.
Straight Through Processing, i.e. passing all transactions electronically to the execution venue without human intervention
an amount of overnight adjustments paid or charged to the customer's account at 23.59 in the platform's time zone, in accordance with values specified in Admirals contract details; it is a daily settlement for margin trading services.
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.