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Glossary of the Forex market that every Trader should know

Haytham

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Slippage – the amount of market movements from the time of placing an order until its execution. It is the situation when orders execute at a better/worse price, than the one indicated in the order. For example, this might happen during high market volatility.

Order (position) – an instruction to execute a trade at a specified rate (to buy or sell one currency for another one). After the order is opened, it must be closed to fix the profit or loss.

Dealer – an individual or company, with whom a trader has an agreement, governing the basics of trading operations. The dealer takes the responsibility to act as a second part of the transaction.

Тrend – clearly seen market movement in one direction (upwards – bullish, down – bearish, sideways – flat).
 
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