Glossary

A B C D E F G H I K L M N O P Q S T U W
  • 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.