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Beginner Guides

Forex Glossary

Pip

The smallest price move in a currency pair (0.0001 for most pairs).

Spread

The difference between bid and ask price — broker's fee.

Leverage

Borrowed capital that allows you to control larger positions.

Margin

Deposit required to open a leveraged position.

Lot

Standard trade size — 1 lot = 100,000 units of base currency.

Stop Loss

Order to close a trade at a specific loss level.