When you want to enter the world of forex trading, the many terms and abbreviations commonly used in the trading process may still sound foreign to you, usually traders call these terms Forex Dictionary. Here are some basic terms that are important for you to know:

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Account	A means to record client transactions.
Account Balance	The difference between the credit amount and the debit balance. If the balance is deficit (negative) if the debit is greater than credit. Vice versa, if the balance is surplus (positive) if credit is greater than debit.
Account Statement	A status report of all buying and selling transactions made by a client.
Fundamental Analysis	Analysis based on global or local economic, political and security situations and conditions that differ depending on the country of origin of the stock exchange, the companies that issue shares, or the countries whose currencies are traded.
Technical Analysis	Analysis that uses charts or graphs to track data on price movements and trading volume with the aim of identifying ongoing price trends.
Arbitrage	A way to make a profit when two companies make currency transactions in different types of markets.
Ask Price	The bid price is a currency value.

Back Office	The department that processes all financial transactions that occur outside the dealing room.
Bailout	Client fundraising.
Balance	Total client balance.
Central Bank	Financial services that provide commercial banks. The central bank also plays a role in maintaining the stability of the currency value from inflation.
Bull	An increase in the value of a currency. This is caused by many traders who make Buy transactions.
Bar Chart	Bar chart showing open and close prices for a certain period.
Bearish	Prices are down.
Forex News	World economic news released by a country and is expected to affect the value of a currency.
Bear	A decrease in the value of a currency. This is caused by many traders who make Sell transactions.
Bid Price	The asking price for a currency.
Bid / Ask Spread	The difference between supply and demand within a certain period.
Bottom Price	The lowest price on a currency pair within a certain period.
Broker	A company that has a function as an intermediary between traders and the stock market.
Bullish	Prices are going up.
Buy	Buy transaction.
Buy Limit	A buy transaction when an open position will automatically open when the price has touched the specified point.
Buy Stop	Buy transactions that are located above the current price.

Candlestick	The visual form of a currency movement, usually in the form of a bar chart.
Close Order	End the transaction.
Cross Rate	The exchange rate for a pair of currencies when the currency cannot be used in the country.
Currency	The currency of a country.
Currency symbol	Abbreviation of currency name.

Day Trading	Trading activities where transactions are carried out on the same day.
Dealer	Companies that make trading operation agreements with market participants.
Deposit	Deposit funds with a broker before making a transaction.
Diversification	Transfer of funds to other investments.
Deficit	Minus condition of client balance.
Derivatives	Trading contracts whose value changes and changes over a certain period of time.
Devaluation	Decrease in the value of currency exchange rates.

Equity	The balance value after making a transaction.
Expert Advisor	Abbreviated as EA, is a software for automatic trading.

Flat	Stable currency price movements.
Forex	Trading currencies of different countries for the purpose of making a profit.

Gap	Unforeseen conditions for a sudden surge in prices.
Gross Domestic Product	The overall output of a country.
Gross National Product	The results of GDP and other investments.

Spot Price	Currency prices at that time.
Hawk	A country's economic policy to balance the price of goods by increasing interest rates.
Hedging	Activities carried out by opening a Sell and Buy position simultaneously.

Indicator	A tool that provides data from the calculation of certain formulas to measure and assess market conditions so that traders can predict the next market direction.
Instant Execution	Orders placed by traders to determine prices.
Financial Instruments	Futures trading products.
Inflation	A decrease in the value of the currency.
Initial Margin	Minimum deposit set before making a transaction.

Commission	The fee borne by the broker to the client when the sale and purchase transaction is made.
Contract	Standard unit of transaction.
Exchange rate	The difference in the exchange rate of the currency of a country with another country.

Profit	The benefits.
Support Level	A price level at which traders often make transactions.
Lot	Transaction order volume.
Leverage	Broker loan funds provided to clients so they can make transactions using small funds.
Liquidity	Ease of selling assets without affecting prices.
Long	The increase in profit was due to the growth in market prices.
Limit Order	A transaction when the price reaches the specified point will open automatically.

Margin	Funds that are guaranteed to the broker when making transactions.
Market Execution	Orders placed when there is a price change.
Margin Call	Broker notification to add funds so that the used margin does not run out.
Major Currency	Most traded currency.

Open Order	An ongoing order.
Open Position	Abbreviated as OP, is an activity to initiate transactions.
Order	An execution order that is executed at a specified exchange rate.

Pair	A currency pair for trading.
Pips	The unit used to calculate the final value of the exchange rate.
Primary Rate	When a country trades its own currency.

Quotes

The value of an exchange.

Range	The difference between the highest price and the lowest price during a certain period.
Resistance	The level that is above the current price is where it is the most influential for the price reversal.
Risk Management	Defined loss limit.

Sell	Selling transactions.
Sport Price	Currency exchange at that time.
Stop Loss Order	The loss limit is set when the price touches the specified point the order will be closed automatically.
Support Level	The levels that are below the current price are the ones that have the most influence on the price reversal.
Swap	The cost of staying is borne by the broker to the client when the transaction is not closed the next day.

Tick	The price movement in the smallest distance.
Turnover	The total amount of funds transacted.
Take Profit	Profit limit when the price touches a certain point the order will be closed automatically.

US Prime Rate

Loan interest rates provided by commercial banks to clients.

Value Date	The maturity date given by a broker in making a transaction.
Volatility	Prices move up and down rapidly.

Win	Analysis as expected.
Withdrawal	Withdrawal of funds from the trading account and then sent to the bank account.

The following are abbreviations commonly used by traders:

Depot	Deposit
EA	Expert Advisor / Trading Robot
Lev	Leverage
MC	Margin Call
NDB	No Deposit Bonus
OP	Open Position
SL	Stop Loss
TP	Take Profit
WD	Withdrawal