The following glossary provides terms that you should be familiar with to better understand the content we share.
A custom program for the MetaTrader platform that automates trading based on pre-set rules, handling tasks like opening, managing, and closing trades without manual effort or intervention. Usually, could be referred to as a "Bot" or "Robot".
A popular trading platform that allows users to trade forex, stocks, and other financial markets. It offers advanced charting tools, technical analysis, and automated trading features like Expert Advisors.
The most reputable online platform/tool that helps traders monitor/track and analyze their trading performance, showing clear statistics like profit, risk, and account growth over time.
A subsidiary of MultiBank Group, is part of one of the world's largest and most regulated providers of FX and CFD trading services. With a global client base of over 1,000,000 customers across 100 countries, it delivers unparalleled financial solutions, offering exceptional stability, reliability, and access to the tightest pricing and liquidity sourced from top-tier banks and prime brokers.
The percentage increase in the value of an account compared to its starting value, showing how much profit has been made.
The total money in a trading account, not counting profits or losses from trades that are still open.
The amount of money earned from trades after subtracting any losses, costs, fees or commissions.
A measure of how much profit a trading strategy makes compared to its losses. A ratio value above one means the strategy is profitable.
A currency pair that represents the exchange rate between the Euro (EUR) and the British Pound (GBP). Trading this pair involves speculating whether the Euro will strengthen or weaken compared to the Pound.
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