Trader Slang - forex glossary slang

What is slang definition ?

Slang is the term that denotes a set of particulars words and expressions that are unusual of non-official communications for some group of people in the society. The language of cultural societies, geographic places and representative of various professions had had its peculiarities that reflect the people’s views and in fact points out their status and society. Jargon or slang is different from the literary speech norms but usually most slangs make the communication easier between people. So, like other people traders have their slang words because they also keep a good imagination and a sense of humor.

In the below mention list the detail of all the main terms of slangs is presented .These slangs are usually used by market traders in their non-formal communication. This list of slangs will help the newcomer on the market for getting into the trading swiftly.

Bull market “bullish”: when the market is upward.

Bear market “bearish”: when the market is downward.

Margin call: When losses exceed margin, a margin call is given at that moment either you have to refill your account or reduce some open trades.

Tick, Item: It is a small step that brings change in the prices.

Long (position): Whenever some traders buy something with an assumption of increase in price in future time

Short (position): when traders sell something on the assumption of drop in price.

Heat: When they talk about the big risks in trades.

Range: Whenever the market is stagnant, mean no down or upward trend for a while.

Flat (Square): When traders sell all stocks.

Setup: specific environment for trading.

Gap: It is a difference between a last period close price and a next period open price.
Whipsaw: It is a position of volatile markets and in this condition a movement in price is sharp followed by same sharp reversal.

Rally: It is a recovery period after the decline in the market.

Profit (Gain): Earned money gained after selling stock.

Loss: Lost money after selling stock.

Pip (Point): A last digit, like, in Euro/USD one point=0. 0001.

Slippages: It is the execution of the order, when market is fast but the broker has low liquidity and due to this he cannot execute your order.

Drawdown: It is in the Forex trading account value.

Squeeze: It is action, for raising the money price by any central bank.

Limit: When they place orders for buying or selling currencies at a particular price or more.

Lock: When you open 2 positions for one stock with one specification and size in diverse directions.

Majors: It means the most famous pairs of currencies are available to trade. Like AUD/USD, , USD/CAD, USD/JPY, GBP/USD and EUR/USD. In the contrary ‘Exotics” are less traded pairs.
Cable: British Pound, GBP.
Aussie: Australian Dollar, AUD.
Swissie: Swiss Federation franc, CHF.
Kiwi: New Zealand dollar, NDZ
Loonie: Canadian Dollar, CAD.
Holy Grail: It is a consistently profitable trade system.

There are many more slang contently growing with the span of time, so it cannot be said that it is a complete list.