M
Major CurrencyMajor currencies are currencies that have a large volume of transactions and are highly liquid in the foreign exchange market. There is no international definition, and the composition of major currencies varies depending on the transaction situation, but it mainly refers to the US Dollar, Euro, Japanese Yen, Pound, etc.
[ Antonyms ] - Minor currencies
MarginMargin is the amount of funds required to open and maintain a leveraged position.
It is not a fee or cost. Instead, it is set aside while the trade remains open and affects how much free margin is available in your account.
For example, if a position requires a $100 margin, that amount is reserved while the position is open. It does not disappear, but it cannot be used as free margin during that time.
Why Margin Exists
Margin helps define how much funding is required to hold a leveraged position.
It is connected to several factors, including:
Different instruments may have different margin requirements.
Margin vs Free Margin
Margin and free margin are related but different.
Margin is the amount currently being used to support open positions.
Free margin is the amount still available after accounting for used margin and floating profit or loss.
A simple way to understand it:
Equity – Used Margin = Free Margin
Free margin can change as open positions move in profit or loss.
Margin vs Balance
Account balance shows the funds in the account after closed trades, deposits, and withdrawals.
Margin, however, relates to currently open positions.
This means the balance may stay the same while margin, equity, free margin, and margin level change as market prices move.
What Is Margin Level?
Margin level is usually shown as a percentage. It compares account equity with used margin.
A common formula is:
Margin Level = Equity / Margin × 100
Margin level helps users monitor the relationship between account equity and the margin being used by open positions.
Example of Margin
Suppose a user opens a leveraged position and the platform sets aside $200 as margin.
In this example:
This example is simplified and does not include all possible account or instrument settings.
Benefits of Understanding Margin
Understanding margin can help users read their trading account information more clearly.
It may help with:
Limitations and Risks
Margin is closely connected to leveraged trading, and leveraged trading carries risk.
Because leverage allows larger position sizes, both profits and losses can be magnified. If market movement reduces account equity, free margin and margin level may also decrease.
Users should always review margin information carefully and understand the risks before trading leveraged products.
Margin CallMargin call refers to a state in which an additional deposit is required when the position you hold falls below a certain ratio due to fluctuations in the market price.
Margin level、Current margin percentageIt is the ratio of your Equity to the Used Margin of your open positions.
Market HoursThe venue is the time when the market is open. Stock exchanges and financial instruments exchanges have a fixed trading time, but there is an order-able time (only reception is possible, matching is on-site) where you can place an order even after hours.
Market OrderA market order represents an order you give to your broker to enter or exit a trade at the best available price, at a given time.
[Antonyms] Limit orders
MetalTitan FX classifies gold, silver, platinum, and palladium stocks as precious metals.
Precious metal (metal) trading is based on the price of each product in the settlement currency (the currency listed on the right side of the currency pair), and the difference between the start and end of the transaction.
On the MT4 / MT5 stock list, there are descriptions divided into "COM GLD", "COM SLV", and "COM Metals".
Minor CurrencyMinor currencies are currencies that have low trading volumes and low liquidity in the foreign exchange market. There is no international definition, and the composition of major currencies differs depending on the transaction situation, but it mainly refers to Turkish lira, South African rand, etc.
[ Antonym ] - Major currency, exotic currency
Moving AverageA moving average is a line graph that averages the prices of the past fixed period and connects those values on the chart. The period for averaging the closing prices can be set to daily, weekly, monthly, etc.
O
On Chain FeeOn-chain fees refer to fees charged on the virtual currency network (blockchain).
It is a fee for using the corresponding blockchain, and it is a variable thing that rises as the number of transactions (transactions) on the blockchain at that time increases.
Various names such as “miner fee” and “gas fee” are used by the virtual currency network.
Open PriceThe bid price is the price at which the day's trading begins.
OrderAn order is a request for a trade to be executed. It is is a "sell" or "buy" order.
OscillatorOscillators are momentum indicators used in technical analysis that read the trends of "overbought" and "oversold" assets.
Over the counter (OTC)In these transactions the seller and the buyer directly determine the price and quantity without going through the market. In addition, since the trading mechanism of Titan FX corresponds to "market trading", it does not fall under this category.
[Antonyms] Competitive trading, Auction trading
Overnight positionAn overnight position is a position that you do not settle on the same day and carry it over to the next day.
OvershootingAn overshoot is a burst of violent movement, as if the exchange rate jumped over a chart point.
P
PipIn forex trading, a pip (percentage in point) is the standard unit used to measure price movement in a currency pair. It represents the smallest change in exchange rate based on market convention.
For most currency pairs, a pip is equal to 0.0001 (the fourth decimal place). For example:
EUR/USD moves from 1.1000 → 1.1005
That’s a movement of 5 pips
For JPY pairs, a pip is 0.01 (the second decimal place).
Visual Example: How a Pip Works
EUR/USD Price Movement
1.1000 → 1.1001 → 1.1002 → 1.1003 → 1.1004 → 1.1005
| | | | | |
Start +1 pip +2 pips +3 pips +4 pips +5 pips
Each step up = 1 pip movement
Understanding pips is essential because they directly impact how your profits and losses are calculated. The number of pips a market moves, combined with your trade size (lot size), determines how much you gain or lose on a trade.
Example: How Pips Affect Your Profit
Let’s say:
You open a buy trade on EUR/USD at 1.1000
Trade size = 1 standard lot (100,000 units)
Price moves to 1.1005 (5 pips up)
In this case:
1 pip ≈ $10
5 pips = $50 profit
(Note: Pip value may vary depending on the currency pair and trade size)
If a market moves against you by 5 pips instead, this would result in a $50 loss.
Why Pips Matter for Risk Management
Pips help traders:
To set stop-loss levels (how much you’re willing to lose)
Take-profit levels (where you lock in gains)
By knowing how many pips you are risking on each trade, you can better manage your overall trading strategy.
Mastering how pips work gives you a clearer understanding of market movements and helps you trade with greater accuracy and confidence
PositionA position is a net total exposure in a given currency. A position can be either long (more currency bought than sold) or short (more currency sold than bought)
Psychological linePsychological line (PSY), as an indicator, is the ratio of the number of
rising periods over the total number of periods. It reflects the buying
power in relation to the selling power.
If PSY is above 50%, it indicates that buyers are in control. Likewise,
if it is below 50%, it indicates the sellers are in control. If the PSY
moves along the 50% area, it indicates balance between the buyers and
sellers and therefore there is no direction movement for the market.
R
Realised profit/lossRealised profit / loss refers to profit / loss that is settled and the order is confirmed by unrealised profit / loss generated in the trade.
[ Synonyms ] - Fixed profit / loss
RolloverRollover is the procedure of moving open positions from one trading day to another day.