Forex – Foreign Exchange Market also known as currency exchange
Pip – The smallest unit for a certain currency. For example 1¢
Futures – A promise to buy an asset in a future date at a certain price.
Mini Account – A small account opened to experience trade with.
Brokerage Firm – A company that is licensed to make the deal between the buyer and the seller.
Commission – The price of transactions in a brokerage firm.
Real-Time – live information
Quotes – The actual price being traded.
Margins – The difference between the cost and the selling price
Spread – the difference of two prices, rates of currencies.
Day Trading – trading on the daily fluctuations
Swing Trading – longer then one day trading and up to a week.