This is the software that you use for trading. It is meant to provide you with a way into the financial markets and all the tools that you need while trading. It can be used on your mobile, desktop, and laptop devices. You usually get your trading platform from the broker you sign up with by opening a paid trading account.
These are the latest currencies of the world. As you can see from the names, these are currencies with the crypto technology behind them. These digital currencies are unlike physical currencies because they don’t have a physical model. In addition to that, you are completely anonymous when trading these currencies. Also, there are no centralized parties that have the power of holding the currency in the digital currency market.
Volatility is the condition of the market. In this particular condition, the market is moving up or down by great margins. This means, if you lose the trade, you might end up losing a lot of money because of a big swing. If you win a trade, you might end up with a huge profit because of a huge movement in the price of the asset.
Mobile trading refers to the activity of trading on a trading platform that is installed on your mobile device. When you trade on your smartphone or tablet, you are doing mobile trading since you can move anywhere you want and still trade.
Web trader is the trading platform that does not need any downloading. It is located in the web and thus you need a browser on your device to use it. This type of trading software does not have any compatibility issues because it opens just like a website and can be accessed from any device from any part of the world.
The selling and buying price of an asset on a broker’s website is always different. The difference in the price of the asset is a way for the broker or the trading platform to make money. This small difference in the price is called a spread.
When you look at the value of an asset, you always see some numbers. You will notice that these numbers have a decimal point as well. After the decimal point, you will see even more numbers. This shows you the accuracy in the price of the asset. The smallest price difference that can occur in those decimal points is called a pip.
When you trade an asset in the form of CFDs, you have to decide how many units you are trading at a time. There are certain limits that you can’t trade below or above which. The minimum number of units of the asset that you can trade on the platform is called a lot.
CFD stands for contract for difference. You trade CFDs just like you trade assets, but in the case of these contracts, you don’t own the asset. You put your trade on the price of the asset at the time of maturity and make money from correct predictions.
Trading signals are outcomes of many trading analyses. They tell you whether you should sell or buy an asset.
Leverage is like a contribution you get from the broker you have signed up with. It shows you the ratio at which the broker will contribute with you e.g. 1:50 or 1:100.
It stands for Know Your Customer and is a policy that governs the type of information that has to be collected from every trader to know them.
AML stands for anti-money laundering. This policy is designed to make banking transparent and safe on the platform. It has certain requirements that keep money launderers away from signing up on the trading platform.
When you trade, you always sell something and buy something. If you are in the market to buy an asset, you will have to tell the price at which you are willing to purchase that asset. This price will be called the bid price.
When you are in a financial market, you always sell/buy an asset for another asset. If you have an asset that you want to sell, you have to give the price at which you are willing to sell your asset. That price would be called the ask price.
This is an account with dummy credits that allows you to trade on the platform to know the trading software and the trading world.
When you log in to your account, you usually enter your password. With 2FA authentication, you enter a password and a code sent to you.
Hedging means you are trading two correlated assets speculating that if one goes down in value the other will go up or vice versa. It’s a way to mitigate your trading risks.
This is the minimum amount of money that you have to have in your trading account before you trade. This helps the broker hold some security in the case of you losing the trade.
When you use this trading strategy, you decide a point at which you close the deal and walk away with your profits without trading any further.
This is like take profit, just that in this strategy, you are stopping you loss. You decide to go out of the trade to stop further loss from occurring. This is yet another great way to minimize your risks and losses while trading.
This is the technological process of converting your information into codes to protect it from any prying eyes. Once your information has been encrypted, no one can look into it without authorization.
Regulation occurs when a regulating authority looks into the matters of the broker to know the transparency of its financial processes and protect the rights of the traders.