Glossary
Leverage
A tool offered my FOREX CLUB that allows you to control large amount of a commodity with a comparatively small amount of capital. Leverage is a ratio between balance in your trading account and amount of a transaction, for example, 1:20, 1:40, 1:50, 1:100. A 1:100 leverage means that a trading account with your Dealer can have the balance 100 times less than the transaction amount.
Login
Your personal user name or nickname required to enter a system. Login is a user name. It is different from a password because you don’t have to keep it secret, and from nickname because it is not publicly available. Systems need logins for user identification: to enter a forum or a trading platform, you are required to enter your login and confirm it with your password. This is how the system identifies users and allows them to enter.
Loss
When invested assets decrease in volume as a result of transactions, or when expenses required to make a transaction exceed profits from it. (In Russian, a slang term for loss is ‘poymat’ losya’ which means ‘to catch a moose’, as loss sounds similar to ‘los’ (moose)).
Lot
The number of units, or the quantity of assets required for a trade using a specific financial instrument (as a rule, number of units per lot must be divisible by 100). Minimum lot in FOREX club is 1000 base currency units.
