Knowing about trading terminal functions

To trade well:

• you should know the assets and their symbols

• you should know trading math basic rules

• you should know how to pick up the best available broker

A- Symbols used:

YYY: Base currency

XXX: Quote currency

DDD: Dominating or your account currency.

ZZZ: (non-currency instrument value, like gold, oil, indicators, stocks, etc..) value

Standard Contract size

Leverage

Lot size accepted by the broker : 1 Lot size is 0.01 Standard Lots or 1,000 units of base currency.

Maximum lots acceptable: Generally it is 100 lots

Leverage

Stop-out-level : Generally it is 50% of margin remaining

What is balance?

What is equity?

Initial Margin (good faith deposit to permit trading)

Maintenance Margin (beyond which a margin call may be issued)

Profit calculation

Tick value: Per point (100 units) or Per pip (10 units)

Spread

Profit/Loss of your single position

Entry price:

Stop Loss:

Digits convention: Price digits after the decimal

Number of digits deleted from digits after the decimal

All the information will be found in the broker's symbol list or specification for each symbol from Market Watch