Reference
Forex Glossary
Every trading term you need to know — clearly defined, with practical context.
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Spread
The difference between the bid and ask price of a currency pair.
Stop Loss
An order to automatically close a trade at a specified loss level.
Swap
Overnight interest charged or credited for holding a position past market close.
Slippage
The difference between expected and actual execution price of a trade.
STP
Straight Through Processing — orders routed directly to liquidity providers.