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Glossary
The record of completed transactions and cancelled orders executed by a client.
The price at which you buy at.
A stop out level in Forex is a specific point at which all of a trader's active positions in the foreign exchange market are closed automatically by their broker because of a decrease in their margin to levels, meaning they can no longer support the open positions.
A term for AUD/USD.
Funds in a trading account which are not being use as margin, to cover running losses, or to pay swap fees.
The first currency in a quoted pair.
The rate at which Central Banks lend to commercial banks.
Someone who expects prices to fall/negative sentiment.
The price at which you sell.
Someone who expects prices to rise/positive sentiment.
A term for GBP/USD.
Contract For Difference. An OTC derivative product which enables traders to speculate on underlying market prices without making a physical purchase.
Gildencrest Capital Ltd MT4.
The amount paid to execute a transaction.
In Forex one standard unit (eg 1 lot).
An instrument which prices the value of one currency against another.
A practice account to test trading and strategies.
A cash adjustment applied to an equity or index CFD position when the share or component shares within the index pass their ex-dividend date.
An automated program executed within the Client Terminal which manages positions and orders automatically without (or with very little) manual control.
The European Central Bank.
ESMA - The European Securities and Markets Authority is a European Union financial regulatory institution and European Supervisory Authority, located in Paris.
ESMA CFD Measures on the restrictions on the marketing, distribution or sale of CFDs to retail clients. Applicable only for retail investors. The measures have been published in the Official Journal of the European Union (OJ) on the 1/06/2018. They will start to apply from 1st August 2018. Original decision text in different languages is available here.
The US central bank, the Federal Reserve Bank.
The unrealised net running profits or losses within a clients account.
The Federal Open Market Committee, the committee which determines US monetary policy and in particular sets interest rates.
The process of buying one currency whilst simultaneously selling another, or speculating on currency price movement.
A significant difference between two price quotes. May occur within a trading session, most likely over the release of economic data, and also in between the closing and opening of the market, for example over the weekend.
Gross Domestic Product, the total value of the goods and services produced by a country within a specified period.
Good Til Cancelled. A pending order which is live until it is executed or cancelled.
Maintaining a market neutral position by holding positions in opposite directions.
The amount required to open a position.
A term for the NZD/USD.
The ability to open a trade without having to fund the full value of the contract. For example 100:1 leverage means that only 1% of the contract value is required as initial deposit.
A composite index (1992 = 100) of ten macroeconomic indicators predicting medium term economic activity.
London Inter-Bank Offered Rate. Lending rate benchmark.
A resting order to trade at a better rate than the current prevailing price.
An open position which will profit from the rise in value of a price or rate.
A term for USD/CAD.
A standardised transaction size. In FX, 1 lot is the equivalent to 100,000 of the base currency. For example, 1 standard lot of GBP/USD has a notional value of £100,000.
Cleared funds within a trading account, which may be used as deposit to open a trade or to cover running losses on net open positions. Funds which are not being used as collateral to maintain open positions may be referred to as free margin.
A request made by a broker to a client for extra funds to cover running losses on a margin trading account. The inability to meet a margin call may lead to the closing of open positions, possibly realising a loss.
An account which facilitates the act of trading financial markets using leverage.
An instruction to open a new position at the current market price.
The trading platform provided free to clients of Gildencrest Capital Ltd.
Negative balance protection on a per account basis (Retail clients ONLY) means firms must limit the retail client’s aggregate liability for all CFDs connected to a CFD trading account to the funds in that CFD trading account. This implies that a client can never lose more money than the funds specifically dedicated to CFD trading.
The price at which you buy.
The status of an order once it has been executed and is currently live.
A resting instruction to either open a new position, or close an open position.
The minimum price movement of any FX pair.
The price at which a financial market is quoted at.
A technical analysis term which describes a level in a market where upwards price momentum stalls, normally due to the existence of multiple resting sell orders.
An indicator which determines if a market is overbought or oversold.
A style of very short term trading where clients aim to make frequent, small profits.
An open position which has been closed and profit or loss has been realised.
The difference between an order’s price and the price at which the order was executed. Slippage may be positive or negative.
The difference in pips between the Bid and the Offer.
An instruction to close an open position if the current prevailing price moves to a less favourable price.
An instruction to open a new position if the price of a market reaches a specified less favourable price than the current prevailing price.
A technical analysis term which describes a level in a market where downward price momentum stalls, normally due to the existence of multiple resting buy orders.
A swap is an adjustment made to your account for holding a position overnight, based on the interest rate differential between the two currencies making up the pair. Swap adjustments may be positive or negative, based on the local base rates of the currency pair you are trading and what direction your trade is in.
A term for USD/CHF.
An instruction to close out an open position once the market price has moved to a more favourable position.
The art of analysing a market and establishing likely future trends based on historical price movement and data.
A stop loss order attached to an open position which, as the market moves in a favourable direction, trails the current price at a pre-determined distance.
An FX trade.
The amount of contracts traded.
The running profit or loss attached to an open position.
The amount of available funds in a dealing account which can be used for trading.
The amount of funds being used as margin to hold open positions or pending orders to open.
A statistical measure of the number of price changes for a given currency pair within a specific time period.
Stop or Limit orders yet to be triggered. May be orders to open a new position or contingent orders.
