Glossary

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

    A pending order to sell a financial instrument if the price increases to the level determined in the order; executed at or above the Bid price.

  • Sell Stop

    A pending order to sell a financial instrument at a price below the current level of quotes; executed when the Bid price reaches the value specified in the order.

  • Slippage

    An Expert Advisor parameter that specifies the maximum difference (in pips) between the bid price and the quote offered by the dealer in response to the request.

  • Spread

    The difference between the ask and bid price of a currency pair.

  • Stop loss

    A command to the dealing desk to close your position when your losses reach a certain level. A stop-loss order is designed to limit an investor's loss on a security position. If the price moves against you and touches your stop loss, your order should close automatically, and your trading activity should be downscaled or your trading strategies adjusted accordingly.

  • Storage (position swaps)

    The transfer of an open position to the following day with interest accruing to or being withdrawn from the account depending on the currency pair and position direction.

  • Swap

    Fee charged or paid to a trader for the rollover of a FOREX position due to the difference in currencies interest rates. Its amount depends on the interest rates of the currencies in which the trader has a FOREX position. On the FOREX market, swap is a foreign-exchange agreement between two parties to exchange a certain amount in one currency for an amount in another currency within a certain period, or as per other conditions set. Swaps are usually done when open spot positions are carried overnight to the next dealing day.

  • Symbol

    A MetaTrader 4™ financial instrument.