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Account history — is the list of completed transactions and non-trading operations on the trading account.

Arbitrage — the purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.

Ask — the price at which a seller or a marketmaker is willing to accept for a traded instrument, also known as the offer price; a price for establishing an open Buy position.

Base currency — is the first one quoted in the currency pair. Its value is determined by the price of the currency quoted against it.

Balance — is a cumulative financial result of all completed transactions and deposits/withdrawals of funds to/from the trading account.

Bid — the price at which a seller or a marketmaker is willing to buy a traded instrument; a price for establishing an open Sell position.

Bull Market — a market distinguished by rising prices.

Client — the physical or legal entity concluding conversion arbitration operations with the company on quotations provided by the company.

Commission — an amount of service payments charged to Customer’s account..

Cross Rate — the exchange rate between any two currencies that are considered non-standard in the country where the currency pair is quoted.

Currency Pair — traded instrument based on the change of the value of one currency against another currency.

Currency Risk — the probability of an adverse change in exchange rates.

Dealer — an individual or a firm that buys and sells assets from their own portfolio, acting as a principal or counterparty to a transaction.

Equity — the secure amount that clients have in their accounts, taking into consideration the open positions, balance and profit/loss.

Expert Advisor — is a kind of trading account management algorithm in form of a program based on MetaQuotes Language 4. This program sends requests and orders to a server using the client terminal.

Expiry — an instruction for cancellation of pending order at specified time and date.

GAP — is a break on the quotations diagram which may appear when a rapid, sharp price change happens. On the graph the gap shows itself as a significant price break to any side which makes an apparent space between the closing levels of one period and the opening of another one.

Hedging — an insurance operation against adverse market changes through a counter-purchases or sales of assets. This is the active use of an opposing position in another market to cover for any losses that may be incurred from an investment in a certain market.

Inflation — an economic condition whereby prices for consumer goods rise, eroding purchasing power.

Instant Execution — a request execution type that means all quotes shown in client terminal may be accepted by AM for Customer’s trading with no preliminary requests for quotes.

Leverage — is the ratio between the amount of the pledge and the borrowed funds allocated for it: 1:100, 1:200, 1:500. The leverage 1:100 means that for a deal execution you should have the trading account with the broker in the amount of 100 times less than the transaction sum.

Liquidity — the ability of a market to accept large transaction with minimal to no impact on price stability.

Locked Position — a position consisting of equal long and short positions on the same instrument; locked positions require 50% of summarized margin for both positions.

Log file of the client — the file created by the client terminal which to within a second records all inquiries and the orders sent by the client to the dealer.

Long position — a position that appreciates in value if market prices increase.

Lot — a transaction size unit in MetaTrader 4.

Margin — is the sum of money which is to be free on the account in order to open a deal.

Margin Level — it is a measure of the account balance. Calculated as follows: Margin Level = Equity / (Margin) * 100%.

Market Maker — a dealer who regularly quotes both bid and ask prices and is ready to make a two-sided market for any financial instrument.

Order — this any request of the client (about opening, closing or position change), sent via the client terminal on the server.

Pending Order — an electronic instruction for opening a position in Customer’s account in the event the price of a specified instrument reaches a specified level

Pip — is the smallest change in the currency cost in the last quote figure.

Quotation — the quotation is the value of one currency unit, denominated in terms of another currency.

Quotations' flow — the flow of quotations is prices for each instrument in the Trading Platform.

Rate — the price of one currency in terms of another, typically used for dealing purposes.

Short Position — an investment position that benefits from a decline in market price.

Spread — is the current difference between the buying and selling rates of a currency pair or CFD.

Swap — is money resources held or added to a client’s account for passing an open position overnight.

Trading platform — this is software provided to clients by a broker company to make trading possible through their own system and to manage accounts securely.

Trailing Stop — is a stop-loss order which automatically adjusts to how the market rate moves in the direction of your open position.

Transaction — set of trade operations at which means pass from basic currency to currency of the quotation and back.

Trend — current general direction of the price movement.

Volatility — a statistical measure of a market's price movements over time.