Trader's jargon.
Every profession has its own jargon, in addition to official terms, and trader is no exception.
Just like in other fields, there are numerous words denoting specific concepts and helping to more subtly describe a situation or subject in non-literary language.
Knowing trader jargon will help you better understand forum posts, financial news, and specialized trading literature .
It will also be useful for those planning to trade not only online but also eventually work on a real exchange.
Let's move on to the jargon used in exchange trading:
Bidarast - not at all what you thought, in stock exchange slang it’s just a buyer.
Outset – designation of a sideways trend, when the price remains practically unchanged or fluctuates within a narrow range.
Bull – a trader who makes buy trades and is interested in a price increase.
Grail – a secret tactic or strategy that allows you to receive large and guaranteed profits.
Gap – a situation in which a gap in quotes appears.
Demo – an abbreviated name for a demo account, where you can trade without investing money.
Intraday – trading within one day, without carrying over the position to the next day.
Insider - or insider information, any data obtained from unofficial sources indicating a possible change in the market.
Boar – an investor who maintains an open position for a long time and fails to close it at the most opportune moment.
Elk - a losing trade closed by a stop loss, there is also a saying - Catch a moose.
Rich kids – the most popular trading objects on Forex are currency pairs.
Monkey – a robot advisor that uses the martingale strategy in its trading.
Rebound – a rebound, a price reversal at a certain level, for example, a support or resistance level.
Pips – point, the value of the minimum price change in the quote, the last digit of the quote.
Pose – position (long, short), presence of an open order.
Pipsovka – a strategy that allows you to earn several pips from a single transaction, bringing in huge profits.
Pigs – the most greedy traders on the exchange, who try to maximize profits and ignore risks.
Drain the depot – deposit drain, complete loss of all funds in the account as a result of an unsuccessful transaction.
Deposit acceleration – a strategy that, when used, increases the amount in the account tenfold in a short period of time
Chips – blue chips, a slang term for the most liquid stocks.
Chart – a chart of the price movement of an asset.
Shorting – open only short positions, sell orders.
There are many other jargon words, but you're unlikely to encounter them in your trading career. The meanings of standard terms are listed on the page - http://time-forex.com/terminy
