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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.
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