Trading terms, explained simply.

Every term in English and Arabic, linked to the lessons and tools that use it.

The smallest standard price move in a currency pair — usually the 4th decimal (0.0001), or the 2nd for JPY pairs.

A standard unit of trade size. One standard FX lot = 100,000 units; one gold lot is usually 100 ounces.

Borrowed exposure that lets you control a larger position with less capital. It magnifies losses as well as gains.

The collateral your broker holds to keep a leveraged position open.

The difference between the bid and ask price — a main trading cost that often widens around news.

Overnight interest charged or paid for holding a position past the daily rollover.

An account without overnight interest, often with a flat admin fee instead. Terms differ by broker.

An order that closes a position at a set price to limit loss.

An order that closes a position at a target price to lock in gains.

The decline from an account's peak equity. Prop firms set daily and maximum drawdown limits.

The difference between the expected price and the actual fill, common in fast markets.

Consumer Price Index — the main US inflation measure, a high-impact event for USD and gold.

Non-Farm Payrolls — monthly US jobs report, released the first Friday of the month.

A firm that offers funded trading accounts after an evaluation ("challenge").

A trade's result expressed in units of the amount risked (1R = initial risk).

Levels (38.2%, 50%, 61.8%) traders watch for pullbacks within a move.