市场新闻与洞察

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - M Macro-based A trading strategy driven by macroeconomic factors. Maintenance margin Also known as the "variation margin", the maintenance margin is the amount of funds that must be available to keep a margin trade open. Margin call A margin call is when a broker requests an increase maintenance margin from a trader, in order to keep a leveraged trade open.

A margin call occurs when the percentage of an investor’s equity in falls below the broker’s required amount; this occurs after a position decreases significantly enough in value. Margin calls are charged to limit exposure to the participants, and mitigate risk to the broker. Margin Margin is the amount of funds required to open and maintain a leveraged position. e.g. a $500,000 position leveraged at 500:1 would required $1,000 in funds from the trader.

Margin deposit A margin deposit is the amount a trader needs to put up in order to open a leveraged position. This can also be referred to as the initial margin, or simply as the deposit Market capitalisation A companies market capitalisation is the total market value of the company’s shares on the market. Market capitalisation, or "market cap", is simple way for investors to gauge a company’s size, which can factor into their investment strategy.

Market data Market data refers to live streaming of trade-related data. This information can include market volume, price, bid and ask quotes and more. Marketing data is available on virtually all markets including commodities, shares, indices, FX etc.

Learn more about Market data releases Market maker A market maker is an trader that buys and sells large amounts of a particular asset in order to facilitate liquidity. A maker can institution or individual. Market order A market order is an instruction to a broker from the trader to execute a trade immediately at the current best available price.

This can be a 'buy' or 'sell'. Merger A merger is when two or more companies combine to become a single larger entity. This typically has significant financial implications and effect on the value of the participating companies stock value.

A promising merger will usually resulting in an increase in share prices. Learn more about Mergers MetaTrader MetaTrader is an popular online trading platform used for to trade a wide variety of instruments. MetaTrader 4 and Metatrader 5 versions are available with different tools and tradable assets.

Monte Carlo "Monte Carlo" refers to a method of measuring risk by developing a modelling and predicting future investment prices. This is then used to predict the worst-case loss scenario of an investment. Moving average convergence/divergence The MACD (moving average convergence/divergence) is a technical indicator which aims to identify changes in a share price's momentum.

The MACD helps traders identify possible opportunities around support and resistance levels by collecting data from different moving averages. Learn more about the Moving Average Convergence/Divergence oscillator (MACD). Moving average Often abbreviated to "MA", the moving average is a common indicator in technical analysis, used to examine price movements while reducing the impact of random spikes in an assets price.

Learn more about Moving Averages Multilateral trading facilities MTFs offer investment firms and traders an alternative to traditional exchanges. MTFs typically allow trade of a wider variety markets and equity products, including assets which may not have an official market. Multiplier effect Multiplier effect describes the impact that changes in monetary supply can have on economic activity.

When an government (or potentially company or individual) spends significant money it has a trickle-down effect the businesses and the economy which can have a much wider impact than the initial action.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - Kiwi "The Kiwi" is a slang name for New Zealand's Dollar. Key currency Key currencies are stable currencies that don't vary too much, which can be globally used to set exchange rates and support international trade. Examples of key currencies include the U.S. dollar, the British pound, the Euro, the Japanese yen, the Canadian dollar or the Swiss franc.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - L Leverage Leverage lets traders multiply their investment without the need to invest additional capital. e.g. If a broker offers 20:1 leverage, with an investment of $1,000 a trader could open a position of $20,000. It is important to note that leverage amplifies both profits and losses, it is critical this be factored in when determining risk and potential losses.

Liabilities Liabilities are a companies debts and financial obligations represented on its balance sheet. This is critical in determining the value of a company when potentially investing and liabilities offset company assets. Limit orders Limit orders execute a trade at a particular level that is more favorable than the marketing price at that time.

Limit down / limit up Limit down is the maximum amount a commodity future may decrease, while limit up is the maximum amount one may increase, in a single trading session. Liquidity (Market liquidity) Liquidity is used in finance to describe how easily an asset can be traded. When there is a high volume of active traders of an asset, there is high liquidity, and it is easier to find buyers and sellers for that asset.

Low liquidity markets can be difficult to trade, as there may not be many buyers and sellers willing to trade at an agreeable price. London Interbank Offered Rate (LIBOR) LIBOR is a daily reference rate based on the interest rates at which banks borrowed unsecured funds from other banks in the London interbank market, however LIBOR is being gradually discontinued. USD-LIBOR has been replaced by SOFR (Secured Overnight Financing Rate) and GBP-LIBOR has been replaced by SONIA (Sterling overnight index average).

Long "Going long" refers to taking a position that makes profit if an asset’s market price rises. Also referred to as "taking a long position". Lot A lot is a standardised group of assets that is traded instead of a single asset.

In the futures markets, lots are referred to as "contract sizes".

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - J

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - I Iceberg order An Iceberg order divides large orders into smaller segments. They are often used by traders for the purpose of hiding the full order quantity in order to minimise market disruption. Ichimoku Cloud The Ichimoku Cloud is a technical analysis indicator that shows support and resistance levels, as well as momentum and trend direction.

Roughly translated from Japanese, 'Ichimoku Kinko Hyo' means ‘one look equilibrium chart,' meaning traders can receive an array of information with just one look. In the money In the money (ITM) is defined by an option’s state of ‘moneyness’. More specifically, it refers to when an option goes beyond its strike price, giving it an intrinsic value of more than $0.

Index An index is a measure of something. In trading, an index is a grouping of financial assets that are used to give a performance indicator of a particular sector. Indices trading Indices trading refers to traders' endeavors to make money on the price movements of indices.

Inflation Inflation is the increase in the cost of goods and services in an economy, or the decline in the purchasing power of money (devaluing of currency). Learn more about Inflation. Interest Interest is the charge levied against a party for borrowing money, which can be either a cost or a means of making profit for a trader.

In trading, it can also refer to the amount of ownership a stockholder has in a company. Interest rates The amount that a lender charges to a borrower for the loan of an asset. The rate is expressed as a percentage of the loan.

Intrinsic value Intrinsic value is a measure of the perceived value of an asset. This is not always the same as the current market price because assets can be over- or undervalued. Interbank/Interdealer Market A market only open to large financial institutions, to trade between them.

This market is not restricted to a physical location and it does not have a centralised exchange. Investment capital A trader’s investment capital is the financial resources they currently have available for trading. It could be in the form of money or other assets.

It can also refer to funds invested in a firm or company for the purpose of furthering its business objectives. Investor An investor is a person who devotes capital to an investment, with the hope of seeing a return. The main goal of any investor is to minimise risk and maximise return.

IPO IPO stands for initial public offering. This is the first sale of a stock by a company, when it goes public on a stock exchange. This can also be known as floating, flotation, or just ‘going public’.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - H Handle In trading, the term ‘handle’ has two meanings, depending on which market you are referring to. In most markets, handle is the the part of a price quote that exists to the left of the decimal point in the full quote. In forex, it refers to the part of the quote that you see in both the buy and sell price.

Hawks and doves The terms used by analysts and traders to classify the members of the Central Bank committee ahead of their votes and monetary policy is known as Hawks and doves. Learn more about Hawks and Doves Hedge/Hedging A hedge is an investment or trade designed to reduce your existing exposure to risk. The process of reducing risk via investments is termed as 'hedging'.

Heikin Ashi Heikin Ashi is a type of chart pattern used in technical analysis. Heikin Ashi charts are similar to candlestick charts, but the main difference is that a Heikin Ashi chart uses the daily price averages to show the median price movement of an asset. High frequency trading A form of advanced trading platform that processes a high numbers of trades very quickly using powerful computing technology is termed as High Frequency Trading (HFT).

It can be used to either find the best price for a single large order, or to find opportunities for profit in the market in real time.