What is the 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 representatives 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 communication easier. 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 . Market traders in their non-formal communication usually use these slangs. 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 a change in the prices.
Long (position): Whenever some traders buy something with an assumption of an increase in price in future time
Short (position): when traders sell something on the assumption of a price drop.
Heat: When they talk about the big risks in trades.
Range: Whenever the market is stagnant, it means no down or upward trend for a while.
Flat (Square): When traders sell all stocks.
Setup: a specific environment for trading.
Gap: It is a difference between the last period’s close price and the next period’s open price.
Whipsaw: It is a position of volatile markets, and in this condition, a movement in price is sharp followed by the 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): The last digit, like, in Euro/USD one point=0. 0001.
Slippages: It is the execution of the order when the 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 an 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. On 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 is much more slang contently growing with the span of time, so it cannot be said that it is a complete list.
