MetaTrader 5 (MT5) - Advanced Multi-Asset Trading Platform

1.Introduction to MetaTrader 5 (MT5)
2.Differences Between MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
3.Understanding the MetaTrader 5 (MT5) Interface
4.Customising the MetaTrader 5 (MT5) Interface
5.Trade with Ultima Markets

Introduction to MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is a popular multi-asset trading platform developed by MetaQuotes. It offers financial trading functions and tools for technical and fundamental analysis. Designed as an upgrade to MetaTrader 4 (MT4), MT5 provides enhanced capabilities for professional traders, brokers, and financial institutions.

MetaTrader 5 (MT5) supports forex, stocks, commodities, indices, and cryptocurrencies, making it a comprehensive solution for traders looking to diversify their portfolios. Its robust infrastructure, automated trading options, and market depth feature set it apart from its predecessor.

Features of MetaTrader 5 (MT5)

MetaTrader 5 (MT5) brings various advantages to traders over its predecessor MetaTrader 4 (MT4). It comes with various features that improve trading efficiency, market analysis, and automation. The key features of this trading platform are:

Multi-Asset Trading Capabilities

Unlike its predecessor, MetaTrader 4 (MT4), which primarily focuses on forex trading, MetaTrader 5 (MT5) supports multiple asset classes. It supports trading with forex (currency pairs), stocks, commodities, indices, and even cryptocurrencies.

This multi-asset support makes MetaTrader 5 (MT5) a flexible platform for traders looking to diversify their portfolios.

Advanced Charting and Analysis Tools

MetaTrader 5 (MT5) offers more than 38 technical indicators and 44 analytical objects, allowing traders to conduct in-depth technical analysis. Key enhancements include:

  • 21 timeframes (compared to MT4’s 9), ranging from one-minute to one-month charts.
  • Multiple chart types (bar, candlestick, and line charts).
  • Custom indicators and scripts that can be developed using MQL5.
  • Built-in strategy tester for backtesting trading strategies before live execution.

These tools help traders make informed decisions based on price movements and market trends.

Built-in Economic Calendar

MetaTrader 5 (MT5) has an integrated economic calendar, which provides real-time updates on key economic events, including central bank interest rate decisions, employment reports (e.g., non-farm payrolls), inflation data (CPI, PPI), GDP reports, and other macroeconomic indicators.

Traders can track upcoming events and their potential impact on the markets directly within the MetaTrader 5 (MT5) platform, improving fundamental analysis.

Algorithmic Trading with MQL5

MetaTrader 5 supports automated trading using Expert Advisors (EAs) developed in MQL5, which is more advanced than MQL4. Key advantages of MQL5 include:

  • Faster execution speed and multi-threaded strategy testing.
  • Ability to develop complex trading algorithms.
  • Improved debugging and optimisation tools.
  • Integrated MetaEditor for coding custom indicators, scripts, and trading robots.

This feature is essential for traders looking to automate their trading strategies or execute high-frequency trading.

Depth of Market (DOM)

MetaTrader 5 platform also displays Depth of Market, which is the real-time liquidity level of a particular asset. It shows the supply and demand at different price levels.

Depth of Market helps traders understand price movements, bringing transparency to market execution. MetaTrader 5 (MT5) also allows traders to place limit and stop orders directly from the DOM window, enabling better order execution for high-volume traders.

Depth of Market is particularly useful for traders involved in stock and futures trading, where market liquidity plays a crucial role.

Time & Sales (Exchange Execution)

The Time & Sales feature in MetaTrader 5 (MT5) provides detailed information on executed trades, including trade price, trade volume, and execution time.

This feature is essential for traders using scalping and day trading strategies, as it allows them to analyse order flow and price action in real-time.

MetaTrader 5 offers comprehensive features that cater to both beginner and professional traders. Its multi-asset support, advanced charting tools, algorithmic trading capabilities, and real-time market data make it a superior choice for traders looking for a powerful and flexible trading platform.

 

Differences Between MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

Although MetaTrader 4 (MT4) and MetaTrader 5 (MT5) share many similarities, MetaTrader 5 (MT5) introduces several enhancements that cater to modern trading needs.

Feature MetaTrader 4 (MT4) MetaTrader 5 (MT5)
Market Access Forex & CFDs Forex, Stocks, Commodities, Indices, CFDs
Order Types Basic (4 types) Advanced (6 types)
Timeframes 9 21
Technical Indicators 30 38
Economic Calendar No Yes
Market Depth No Yes
Strategy Tester Single-threaded Multi-threaded
Programming Language MQL4 MQL5
Hedging Yes Yes
Netting No Yes

MT5 is designed to support a broader range of trading strategies and has enhanced analytical capabilities, making it an attractive choice for professional traders.

How to Trade on MetaTrader 5 (MT5)

Here are some specific guides on MetaTrader 5 and ways for traders to navigate it.

How to Download and Install MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is available for Windows, macOS, mobile devices (iOS and Android), and web browsers. Below is a step-by-step guide for downloading and installing MT5 on different platforms.

Downloading MetaTrader 5 (MT5) on Windows/macOS (or Linux)

Step 1: Visit the Official Website or Broker’s Platform

You can download MetaTrader 5 (MT5) from:

  • The official MetaTrader 5 website (https://www.metatrader5.com)
  • Your broker’s website (some brokers provide a customised MT5 version)

Step 2: Download the Installation File

On the website, click “Download” for Windows or macOS.

Step 3: Install MetaTrader 5 (MT5) on Your Computer

For Windows:

  1. Open the mt5setup.exe file.
  2. Follow the installation wizard and click Next.
  3. Choose the installation directory or leave it as default.
  4. Click Finish to complete the installation.

For macOS:

  1. Open the mt5.dmg file.
  2. Drag the MetaTrader 5 application to the Applications folder.
  3. Open MetaTrader 5 (MT5) from Launchpad or Finder.

Step 4: Log In to Your Trading Account

  1. Open MetaTrader 5 (MT5) and click File > Login to Trade Account.
  2. Enter your account number, password, and server details (provided by your broker).
  3. Click OK to connect to the trading platform.

 Installing MetaTrader 5 on Mobile (iOS & Android)

MetaTrader 5 (MT5) is available as a mobile app, allowing traders to monitor and execute trades on the go.

Step 1: Download the MetaTrader 5 (MT5) App

  • For Android: Open the Google Play Store, search for MetaTrader 5, and tap Install.
  • For iOS: Open the Apple App Store, search for MetaTrader 5, and tap Download.

Step 2: Open the App and Log In

  1. Launch the MetaTrader 5 (MT5) app.
  2. Tap “Login to an Existing Account” or create a Demo Account.
  3. Enter your broker’s name in the search bar and select the correct server.
  4. Input your account number and password, then tap Sign In.

Using MetaTrader 5 (MT5) WebTrader (No Installation Required)

MT5 WebTrader allows you to trade directly from your browser if you prefer not to install software.

How to Access MetaTrader 5 (MT5) WebTrader:

  1. Visit the official MetaTrader 5 WebTrader page or your broker’s MetaTrader 5 (MT5) WebTrader link.
  2. Click “Login to Trade”.
  3. Enter your account number, password, and server details.
  4. Click OK to access the platform.
Advantages of MT5 WebTrader Limitations of MT5 WebTrader
No installation required Limited charting tools compared to desktop versions
Works on any device with a browser No access to custom indicators or Expert Advisors (EAs)

Understanding the MetaTrader 5 (MT5) Interface

MetaTrader 5 (MT5) has a user-friendly interface designed for efficient trading, analysis, and order management. Understanding its layout is crucial for navigating the platform effectively. Below is a breakdown of the key sections:

Main Components of the MetaTrader 5 (MT5) Interface

When you open MetaTrader 5 (MT5), you will see several panels and windows, each serving a specific purpose.

1. Market Watch Window

    • Location: Left side of the screen

    • Purpose: Displays real-time price quotes of financial instruments

This window offers a view of the bid and ask prices of assets. You can right-click to open a chart, place an order, or access Depth of Market (DOM). You can also customise by adding or removing instruments and accessing additional details such as spread, high/low prices, and trading volume.

Market watch window in MT5 (EN)

Market watch window in MT5 (SC)

Market watch window in MT5 (TC)

2. Navigator Panel

    • Location: Below Market Watch (left side)

    • Purpose: Provides quick access to trading accounts, indicators, expert advisors (EAs), and scripts

From this panel, you can manage multiple accounts (live and demo) and analyse data using built-in and custom indicators. Also, you can add or manage trading robots, known as expert advisors (EAs), and add scripts to automate small tasks.

Navigator window in MT5 (EN)

Navigator window in MT5 (SC)

Navigator window in MT5 (TC)

3. Chart Window

    • Location: Centre of the screen

    • Purpose: Displays price movements of selected financial instruments

This section supports multiple chart types (candlestick, bar, line). It also offers 21 timeframes (from 1 minute to 1 month) and includes drawing tools and technical indicators. Traders can also implement custom templates in this area.

Chart window in MT5 (EN)

Chart window in MT5 (SC)

Chart window in MT5 (TC)

4. Toolbox Window (Trading Terminal)

    • Location: Bottom of the screen

    • Purpose: Manages trades, account balance, alerts, and market news

The key tabs in this window are:

    • Trade Tab – Shows open positions, pending orders, and profit/loss

    • Exposure Tab – Displays portfolio exposure across different asset classes

    • History Tab – Provides a record of executed trades

    • News Tab – Shows real-time market updates

    • Alerts Tab – Allows setting price alerts

Chart window in MT5 (EN)

Chart window in MT5 (SC)

Chart window in MT5 (TC)

5. Toolbar (Top Menu Bar)

    • Location: Top of the screen

    • Purpose: Provides shortcuts for different platform functions

The key sections in the toolbar menu of MetaTrader 5 are:

    • File – Open accounts, save charts, and print reports

    • View – Customise the interface layout

    • Insert – Add indicators, trend lines, and Fibonacci tools

    • Charts – Adjust chart settings and timeframes

    • Tools – Open MetaEditor for coding or modify platform settings

    • Window – Arrange multiple charts

    • Help – Access MT5 guides and broker support

Toolbar in MT5 (EN)

Toolbar in MT5 (SC)

Toolbar in MT5 (TC)

Customising the MetaTrader 5 (MT5) Interface

MetaTrader 5 offers excellent customisation capabilities to traders. Traders can change chart appearance, arrange windows, and add from a range of indicators and tools.

Changing Chart Appearance

    1. Right-click on the chart and select Properties

    1. Modify colours, grid lines, background, and other settings

    1. Save custom settings as a template

Arranging Windows

    • Drag and drop charts to create a multi-chart layout

    • Resize Market Watch, Navigator, and Toolbox panels

    • Use Tile Windows (Alt + R) to arrange multiple charts

Adding Indicators and Trading Tools

    1. Click Insert > Indicators

    1. Choose from Trends, Oscillators, Volumes, and Custom indicators

    1. Adjust settings and click OK

Chart customisation options in MT5 (EN)

Chart customisation options in MT5 (SC)

Chart customisation options in MT5 (TC)

Using One-Click Trading

Traders can enable fast order execution directly from charts.

How to enable one-click trading?

    1. Go to Tools > Options > Trade

    1. Check “One Click Trading” and accept the terms

    1. Click the One-Click Trading panel on the chart to place market orders instantly

One-click trading in MT5 (EN)

One-click trading in MT5 (SC)

One-click trading in MT5 (TC)

The MetaTrader 5 MT5 interface is designed for efficiency, allowing traders to monitor markets, place trades, and analyse price movements seamlessly. By customising the layout and mastering the platform’s features, traders can enhance their trading experience.

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Glossary

Get started or expand your knowledge of trading at any level with a wealth of financial industry terms and definitions that you won’t find anywhere else.

Bookmarked Trading Term(s)

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  • AMM (Automated Money Market)

    A decentralized system that uses algorithms to automatically manage liquidity and trading in financial markets without traditional market makers.

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  • APR (Annual Percentage Rate)

    The yearly interest rate a trader pays on borrowed funds or e arns on investments, excluding compounding.

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  • APY (Annual Percentage Yield)

    The yearly interest rate a trader earns, including compounding, which reflects the real return on an investment.

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  • Asymmetric Cryptography

    A security method using two different keys (public and private) to encrypt and decrypt data, ensuring secure transactions.

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  • Asymmetric Encryption

    The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (interest arbitrage) deals, over the period of each deal.

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  • Atomic Swap

    A direct peer-to-peer exchange of different cryptocurrencies without the need for intermediaries, reducing counterparty risk.

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  • Balance Of Trade

    The value of a country's exports minus its imports.

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  • Bar Chart

    A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar; the opening price, which is marked with a horizontal line to the left of the bar; and the closing price, which is marked with a horizontal line to the right of the bar.

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  • Barrier Level

    A certain price of great importance included in the structure of a Barrier Option. If a Barrier Level price is reached, the terms of a specific Barrier Option call for a series of events to occur.

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  • Barrier Option

    Any number of different option structures (such as knock-in, knock-out, no touch, double-no-touch-DNT) that attaches great importance to a specific price trading. In a no-touch barrier, a large defined payout is awarded to the buyer of the option by the seller if the strike price is not 'touched' before expiry. This creates an incentive for the option seller to drive prices through the strike level and creates an incentive for the option buyer to defend the strike level.

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  • Base Currency

    The first currency in a currency pair. It shows how much the base currency is worth as measured against the second currency. For example, if the USD/CHF (U.S. Dollar/Swiss Franc) rate equals 1.6215, then one USD is worth CHF 1.6215. In the forex market, the US dollar is normally considered the base currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British pound, the euro and the Australian dollar.

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  • Cable

    The GBP/USD (Great British Pound/U.S. Dollar) pair. Cable earned its nickname because the rate was originally transmitted to the US via a transatlantic cable beginning in the mid 1800s when the GBP was the currency of international trade.

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  • Cad

    The Canadian dollar, also known as Loonie or Funds.

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  • Call Option

    A currency trade which exploits the interest rate difference between two countries. By selling a currency with a low rate of interest and buying a currency with a high rate of interest, the trader will receive the interest difference between the two countries while this trade is open.

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  • Canadian Ivey Purchasing Managers (Cipm) Index

    A monthly gauge of Canadian business sentiment issued by the Richard Ivey Business School.

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  • Candlestick Chart

    A chart that indicates the trading range for the day as well as the opening and closing price. If the open price is higher than the close price, the rectangle between the open and close price is shaded. If the close price is higher than the open price, that area of the chart is not shaded.

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  • Day Trader

    Speculators who take positions in commodities and then liquidate those positions prior to the close of the same trading day.

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  • Day Trading

    Making an open and close trade in the same product in one day.

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  • Deal

    A term that denotes a trade done at the current market price. It is a live trade as opposed to an order.

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  • Dealer

    An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.

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  • Dealing Spread

    The difference between the buying and selling price of a contract.

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  • Ecb

    European Central Bank, the central bank for the countries using the euro.

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  • Economic Indicator

    A government-issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.

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  • End Of Day Order (eod)

    An order to buy or sell at a specified price that remains open until the end of the trading day.

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  • Est/Edt

    The time zone of New York City, which stands for United States Eastern Standard Time/Eastern Daylight time.

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  • Estx50

    A name for the Euronext 50 index.

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  • Factory Orders

    The dollar level of new orders for both durable and nondurable goods. This report is more in depth than the durable goods report which is released earlier in the month.

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  • Fed

    The Federal Reserve Bank, the central bank of the United States, or the FOMC (Federal Open Market Committee), the policy-setting committee of the Federal Reserve.

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  • Fed Officials

    Refers to members of the Board of Governors of the Federal Reserve or regional Federal Reserve Bank Presidents.

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  • Figure/The Figure

    Refers to the price quotation of '00' in a price such as 00-03 (1.2600-03) and would be read as 'figure-three.' If someone sells at 1.2600, traders would say 'the figure was given' or 'the figure was hit.

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  • Fill

    When an order has been fully executed.

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  • G7

    Group of 7 Nations - United States, Japan, Germany, United Kingdom, France, Italy and Canada.

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  • G8

    Group of 8 - G7 nations plus Russia.

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  • Gap Gapping

    A quick market move in which prices skip several levels without any trades occurring. Gaps usually follow economic data or news announcements.

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  • Gearing (Also Known As Leverage)

    Gearing refers to trading a notional value that is greater than the amount of capital a trader is required to hold in his or her trading account. It is expressed as a percentage or a fraction.

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  • Ger30

    An index of the top 30 companies (by market capitalization) listed on the German stock exchange – another name for the DAX.

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  • Handle

    Every 100 pips in the FX market starting with 000.

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  • Hawk/Hawkish

    A country's monetary policymakers are referred to as hawkish when they believe that higher interest rates are needed, usually to combat inflation or restrain rapid economic growth or both.

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  • Hedge

    A position or combination of positions that reduces the risk of your primary position.

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  • Hit The Bid

    To sell at the current market bid.

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  • Hk50/Hkhi

    Names for the Hong Kong Hang Seng index.

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  • Illiquid

    Little volume being traded in the market; a lack of liquidity often creates choppy market conditions. 

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  • Imm

    The IMM, or International Monetary Market, is a part of the Chicago Mercantile Exchange (CME) that deals with trading currency and interest rate futures and options.

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  • Imm Futures

    A traditional futures contract based on major currencies against the US dollar. IMM futures are traded on the floor of the Chicago Mercantile Exchange.

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  • Imm Session

    8:00am - 3:00pm New York.

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  • Indu

    Abbreviation for the Dow Jones Industrial Average.

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  • Japanese Economy Watchers Survey

    Measures the mood of businesses that directly service consumers such as waiters, drivers and beauticians. Readings above 50 generally signal improvements in sentiment.

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  • Japanese Machine Tool Orders

    Measures the total value of new orders placed with machine tool manufacturers. Machine tool orders are a measure of the demand for companies that make machines, a leading indicator of future industrial production. Strong data generally signals that manufacturing is improving and that the economy is in an expansion phase.

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  • Jpn225

    A name for the NEKKEI index.

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  • Keep The Powder Dry

    To limit your trades due to inclement trading conditions. In either choppy or extremely narrow markets, it may be better to stay on the sidelines until a clear opportunity arises.

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  • Kiwi

    Nickname for NZD/USD (New Zealand Dollar/U.S. Dollar).

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  • Knock-Ins

    Option strategy that requires the underlying product to trade at a certain price before a previously bought option becomes active. Knock-ins are used to reduce premium costs of the underlying option and can trigger hedging activities once an option is activated.

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  • Knock-Outs

    Option that nullifies a previously bought option if the underlying product trades a certain level. When a knock-out level is traded, the underlying option ceases to exist and any hedging may have to be unwound.

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  • Last Dealing Day

    The last day you may trade a particular product.

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  • Last Dealing Time

    The last time you may trade a particular product.

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  • Leading Indicators

    Statistics that are considered to predict future economic activity.

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  • Level

    A price zone or particular price that is significant from a technical standpoint or based on reported orders/option interest.

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  • Leverage

    Also known as margin, this is the percentage or fractional increase you can trade from the amount of capital you have available. It allows traders to trade notional values far higher than the capital they have. For example, leverage of 100:1 means you can trade a notional value 100 times greater than the capital in your trading account.*

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  • Macro

    The longest-term trader who bases their trade decisions on fundamental analysis. A macro trade’s holding period can last anywhere from around six months to multiple years.

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  • Manufacturing Production

    Measures the total output of the manufacturing aspect of the Industrial Production figures. This data only measures the 13 sub-sectors that relate directly to manufacturing. Manufacturing makes up approximately 80% of total Industrial Production.

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  • Market Call

    A request from a broker or dealer for additional funds or other collateral on a position that has moved against the customer.

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  • Market Maker

    A dealer who regularly quotes both bid and ask prices and is ready to make a two-sided market for any financial product.

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  • Market Order

    An order to buy or sell at the current price.

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  • Nas100

    An abbreviation for the NASDAQ 100 index.

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  • Net Position

    The amount of currency bought or sold which has not yet been offset by opposite transactions.

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  • New York Session

    8:00am – 5:00pm (New York time).

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  • No Touch

    An option that pays a fixed amount to the holder if the market never touches the predetermined Barrier Level.

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  • Nya.X

    Symbol for NYSE Composite index.

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  • Offer (Also Known As The Ask Price)

    The price at which the market is prepared to sell a product. Prices are quoted two-way as Bid/Offer. The Offer price is also known as the Ask. The Ask represents the price at which a trader can buy the base currency, which is shown to the right in a currency pair. For example, in the quote USD/CHF 1.4527/32, the base currency is USD, and the ask price is 1.4532, meaning you can buy one US dollar for 1.4532 Swiss francs. 

    In CFD trading, the Ask represents the price a trader can buy the product. For example, in the quote for UK OIL 111.13/111.16, the product quoted is UK OIL and the ask price is £111.16 for one unit of the underlying market.

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  • Offered

    If a market is said to be trading offered, it means a pair is attracting heavy selling interest, or offers.

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  • Offsetting Transaction

    A trade that cancels or offsets some or all of the market risk of an open position.

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  • On Top

    Attempting to sell at the current market order price.

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  • One Cancels The Other Order (oco)

    A designation for two orders whereby if one part of the two orders is executed, then the other is automatically cancelled.

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  • Paid

    Refers to the offer side of the market dealing.

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  • Pair

    The forex quoting convention of matching one currency against the other.

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  • Paneled

    A very heavy round of selling.

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  • Parabolic

    A market that moves a great distance in a very short period of time, frequently moving in an accelerating fashion that resembles one half of a parabola. Parabolic moves can be either up or down.

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  • Partial Fill

    When only part of an order has been executed.

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  • Quantitative Easing

    When a central bank injects money into an economy with the aim of stimulating growth.

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  • Quarterly Cfds

    When a central bank injects money into an economy with the aim of stimulating growth.

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  • Quote

    An indicative market price, normally used for information purposes only.

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  • Rally

    A recovery in price after a period of decline.

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  • Range

    When a price is trading between a defined high and low, moving within these two boundaries without breaking out from them.

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  • Rate

    The price of one currency in terms of another, typically used for dealing purposes.

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  • Rba

    Reserve Bank of Australia, the central bank of Australia.

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  • Rbnz

    Reserve Bank of New Zealand, the central bank of New Zealand.

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  • Sec

    The Securities and Exchange Commission.

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  • Sector

    A group of securities that operate in a similar industry.

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  • Sell

    Taking a short position in expectation that the market is going to go down.

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  • Settlement

    The process by which a trade is entered into the books, recording the counterparts to a transaction. The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.

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  • Shga.X

    Symbol for the Shanghai A index

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  • Takeover

    Assuming control of a company by buying its stock.

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  • Technical Analysis

    The process by which charts of past price patterns are studied for clues as to the direction of future price movements.

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  • Technicians/techs

    Traders who base their trading decisions on technical or charts analysis.

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  • Ten (10) Yr

    US government-issued debt which is repayable in ten years. For example, a US 10-year note.

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  • Thin

    A illiquid, slippery or choppy market environment. A light-volume market that produces erratic trading conditions.

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  • Ugly

    Describing unforgiving market conditions that can be violent and quick.

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  • Uk Average Earnings Including Bonus/ Excluding Bonus

    Measures the average wage including/excluding bonuses paid to employees. This is measured quarter-on-quarter (QoQ) from the previous year.

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  • Uk Claimant Count Rate

    Measures the number of people claiming unemployment benefits. The claimant count figures tend to be lower than the unemployment data since not all of the unemployed are eligible for benefits.

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  • Uk Hbos House Price Index

    Measures the relative level of UK house prices for an indication of trends in the UK real estate sector and their implication for the overall economic outlook. This index is the longest monthly data series of any UK housing index, published by the largest UK mortgage lender (Halifax Building Society/Bank of Scotland).

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  • Uk Jobless Claims Change

    Measures the change in the number of people claiming unemployment benefits over the previous month.

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  • Value Date

    Also known as the maturity date, it is the date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date is normally two business days forward.

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  • Variation Margin

    Funds traders must hold in their accounts to have the required margin necessary to cope with market fluctuations.

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  • Vix Or Volatility Index

    Shows the market's expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. The VIX is a widely used measure of market risk and is often referred to as the "investor fear gauge."

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  • Volatility

    Referring to active markets that often present trade opportunities.

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  • Wedge Chart Pattern

    Chart formation that shows a narrowing price range over time, where price highs in an ascending wedge decrease incrementally, or in a descending wedge, price declines are incrementally smaller. Ascending wedges typically conclude with a downside breakout and descending wedges typically terminate with upside breakouts.

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  • Whipsaw

    Slang for a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.

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  • Wholesale Price

    Measures the changes in prices paid by retailers for finished goods. Inflationary pressures typically show earlier than the headline retail.

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  • Working Order

    Where a limit order has been requested but not yet filled.

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  • Wsj

    Acronym for The Wall Street Journal.

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  • Xag/Usd

    Symbol for Silver Index.

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  • Xau/Usd

    Symbol for Gold Index.

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  • Xax.X

    Symbol for AMEX Composite Index.

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  • YER

    Yemeni Rial. The currency of Yemen. It is subdivided into 100 fils.

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  • Yemeni Rial

    See YER.

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  • Yen

    See JPY.

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  • Yield

    Yield is the return on an investment and is usually expressed as a percentage.

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  • Yuan Renminbi

    See CNY

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  • ZAR

    Rand. The currency of South Africa. It is subdivided into 100 cents.

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  • ZMW

    Zambian Kwacha. The currency of Zambia. It is subdivided into 100 Ngwee.

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  • ZWL

    Zimbabwe Dollar. The currency of Zimbabwe. It is subdivided into 100 cents.

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  • Zambian Kwacha

    See ZMW.

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  • ZigZag

    A technical indicator that draws tops and bottoms - filtering out noise.

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  • Zimbabwe Dollar

    See ZWL.

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    Bookmarked Trading Term(s)

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