Platform Terms and Definitions. 3.3.1. Ask: The price or amount at which a purchase is made available and offered to buyers to which the higher price is placed in a quote
Platform Terms and Definitions. Ask: The price or amount at which an order is offered to buyers where the higher price is placed in a quote Annualized: The conversion rate or movement on an annual or yearly period Base Currency: The initial currency in a currency pair which traders buy or sell against the other currency Bid: The price to which the sale is made available to sellers Currency: A system of money used in a country Currency Pair: The exchange rate of one currency against another currency Client Terminal: A third-party application, program, or website that gives the trader an access to an ongoing state of the financial markets that offers features where clients can perform real-time analysis, open and close positions, and manage orders Exchange Rate Risk: The amount of loss that a trader can suffer from the bid or ask price movement Execution: Opening or trading an asset in the financial market Funds: A trading account’s current state which includes the balance and credit value Fund Deposit: The process when the Client adds balance to his/her trading account Forecast: Analysis of the market in a statistical or technical way where a specific asset or currency is given a target price movement Foreign Exchange: Market positions or transactions that sends a foreign currency of a financial institution Foreign Exchange Market: An area where both buyers and sellers interact to buy and sell foreign currencies, and is not limited to specific locations Long Position: A position in the market when a trader buys a currency or a trading instrument Order: With different types, a specification that can be applied to the Client’s trade or position Open Position: An ongoing trade in the Client’s trading account Position: An executed asset in the market; an open or closed trade of an asset in the Client’s platform Rate: The price of a base currency Security: Used to describe an option, asset, bond, interest rate, precious metal, or share Short Position: A position in the market that is used to describe the action of selling a currency or trading instrument Trading Account: A registered account of a Client, personalized to suit the Client’s portfolio which holds the transactions and positions Volatility: The rapid and unpredictable change of the market price of a trading asset or instrument
