Make a list of terminologies

[Vaabum]

I think it's similar to theory. First - theory, then practice.

[gds221]

As for me, this should generally be done before you start working. Then it doesn't make much sense.

[Ben Thompson]

Here I am just adding a bit for your convenient..

 

Limit Order

An order for a broker to buy a lot for fixed or lesser price or sell a lot for fixed or better price. Such price is called a limit price.

Liquidity

A measure of markets that describes relationship between the trading volume and the price change.

Long

A position which is in a Buy direction. In Forex, the primary currency when bought is long and another is short.

Loss

A loss from closing a long position at a lower rate than opening or from closing a short position with a higher rate than opening. Loss may also occur if the profit from a position's closing was lower than the broker's commission on it.

Lot

A definite amount of units or amount of money accepted for operations handling (usually, it is a multiple of 100).

[gds221]

It should be understood that you need to be ready for trading. It's almost like an exam. Not prepared - received a negative result.

[Rettan]

It is really very difficult to remember all the terminology right away, so it is always better to be prepared.

[Vaabum]

I believe that a list of terms needs to be prepared in advance before starting work. As for me, it is this aspect that is most important in the work of a trader.

[FXOpen Trader]

3 hours ago, Vaabum said:

I believe that a list of terms needs to be prepared in advance before starting work. As for me, it is this aspect that is most important in the work of a trader.

We should start making more Efforts so that we are able to get the Required Profits.

[Vaabum]

I believe this is part of the training process for the trader. For in order to feel at ease in the market, a trader must be confident in his knowledge.