Trading glossary

    Short definitions of terms you will see in signals, strategies and market discussions. Use it as a reference or link to specific concepts.

    A

    Asset

    A tradable instrument such as a currency pair, stock or commodity.

    B

    Binary option

    A derivative where the payout depends on whether the price is above or below a strike at expiry.

    Bollinger Bands

    A volatility indicator that plots bands around a moving average.

    Break of structure

    When price closes beyond the last higher low or lower high, changing the trend assumption.

    C

    Candlestick

    A single bar on a price chart showing open, high, low and close for a period.

    CCI

    Commodity Channel Index, a momentum oscillator that measures deviation from the average price.

    D

    Divergence

    A disagreement between price and an oscillator such as RSI.

    E

    Expiry

    The time at which a short-term trade closes and the result is decided.

    F

    Fair value gap

    An imbalance left by a fast move where almost no trading occurred.

    Fixed stake

    Risking the same amount on every trade regardless of recent results.

    L

    Liquidity sweep

    A quick move beyond a recent high or low to fill stop orders before reversing.

    M

    MACD

    Moving Average Convergence Divergence, a trend-following momentum indicator.

    Martingale

    A dangerous strategy that increases stake after a loss to recover quickly.

    O

    OTC pair

    An over-the-counter instrument quoted by the broker outside regular exchange hours.

    Order block

    The last opposing candle before a strong impulse, often retested later.

    P

    Payout

    The percentage return on a winning binary option trade.

    R

    RSI

    Relative Strength Index, a momentum oscillator ranging from 0 to 100.

    Resistance

    A price level where selling interest has historically stopped rallies.

    S

    Signal

    A directional trading suggestion based on technical analysis.

    Smart Money Concepts

    A framework that reads price through liquidity, order blocks and structure.

    Spread

    The difference between the bid and ask price.

    Stochastic

    A momentum oscillator comparing closing price to its range over time.

    Strike price

    The price level that determines whether a binary option wins or loses.

    Support

    A price level where buying interest has historically stopped declines.

    T

    Timeframe

    The duration of each candle on a chart.

    V

    Volatility

    The size and speed of price movements over a period.

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