DEFINITIONS

•Margin: The amount of money deposited with your Broker inorder to hold position in Forex market.

•Leverage: The amount given to you by your Broker inorder to hold a position in the forex market.It is expressed in ratio eg 1:25, 1:50;1:100, 1:200,1:500.

•Lot size: It is the fraction of your margin needed to place trade in forex market.•The  the larger the leverage, the the bigger the profit or loss

•Bull Market:it is a market that is Trending up.

•Bear Market: It is market that is trending down ward.

•Spread: It is the difference between ask and bid.

•Pip:Pip is an acronyn.It is a unit change in the last decimal figure of a currency quote

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