Glossary

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

    Test description

  • Ticket

    A unique identifier assigned by the server to each MetaTrader 4 position, order or non-trading transaction and displayed in the client terminal.

  • Trader

    A FOREXCLUB customer, who trades FOREX with us trading with the purpose of making profit.

  • Trading Account Management System

    MY FXBANK - Trading Account Management System; it is used for operations like account funding, funds withdrawal or login change.

  • Trading terminal

    Software installed on customer’s computer required for FOREX trading.

  • Trailing Stop

    A client terminal function that enables automatic movement of the Stop Loss order by a user-defined number of pips if the exchange rate trends are favorable and exceed this value compared to the previous Stop Loss level.

  • Transaction

    A round-trip combination of two trading operations in which funds are converted from the base currency to the quoted currency and back.

  • Trend

    Overall market tendency – positive trend (upward movement) and negative trend (downward movement). Trend is the general direction of the changes in any given time series. Trends analysis uses different equations – linear, logarithmic, polynomial, etc. Trends can be represented as charts; actual chart types are determined by considering graphic patterns of the time series data, by averaging indicators that show the time series dynamics, or based on the statistic check of a hypothesis on graph parameter stability.