Scalper
A trader who opens and closes a position in seconds or minutes for a few pips of profit
Short position
The sale of a financial instrument with the expectation that it will decrease in value.
Slippage
The difference between the expected price of a trade, and the price the trade actually executes at. Slippage often occurs during periods of higher volatility, when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade.
Spike
A sudden, significant change in value of a currency pair, visible on 1 minute or shorter timeframe charts. Spikes are often caused by news releases.
Spot Date
The settlement date scheduled in two business days
Spread
The difference between the bid and ask prices of a currency pair.
Stop Order
An order used for minimizing of losses if the price of a financial instrument has started to move in an unprofitable direction
Square
Professional slang term that defines no open trades
Support
A price level at which the fall of a price is expected to slow or turn when market participants begin to buy an instrument. The opposite of support is resistance.
SWAP
is a financial transaction (usually an agreement between the banks) that consists of two opposite conversion operations of the same value made on the same day. One of these operations is forward and the other is spot.
Swap means currency exchange for a certain period of time. It is a combination of two deals: spot and forward. Both deals are made at the same time with the same partner.
Usually, on Forex market, forward component is no more than 48 hours, with the exception of the Canadian dollar currency pairs (CAD), which is usually 24 hours.
Besides, there are also other types of swap agreements : standard swap, short swap (before spot), commodity swap, interest rate swap, option swap
SWAP transaction
implies contract prolongation without the instrument delivery to the financial, stock, commodity or derivative markets.
During the currency exchange operations, including Forex, swap is referred to as automatic technical operation, performed as two consecutive transactions. First transaction is closing of a deal (reverse operation to the previous one), no fines included, at the last quote of a trading day. Second transaction is making of a similar to current deal at the first quote of a new trading day. As a result, there is a prolongation of a no delivery contract for one more period.
