Starting to work in Forex, every trader faces such a notion as "volatility". In general, this term means "variability". This definition characterizes essence of the main characteristics of the foreign exchange market.
Order is a command coming to a broker from his client to perform a buy/sell operation for a specified price and at an exact time. Orders are a trader's integral tool, which allows to monitor trading and reduce the operational risks.
Leverage is an exclusive service provided by the dealing centers and Forex brokers. In fact, it is a money loan used to increase profits from trading in the Forex market. Despite the name, leverage is not a traditional loan. A trader using this service is not obliged to pay an interest rate to a broker for its use.
Forex trading involves a high level of emotional stress. Sometimes it becomes a cause of disappointing mistakes. Because of emotions, traders make wrong decisions and suffer a considerable loss. Automated trading allows to avoid it.
Macroeconomic indicators are the reported data published by government services or independent organizations. They reflect state of a particular economy. The data have a direct impact on the national currency, so it's important to monitor the changes in macroeconomic indicators in Forex.
CFD (Contract for Differences) is a popular trading instrument; it is a contract for differences between the current value of the basic asset and its price at the time of the contract's expiration. Shares, precious metals, energy resources, currency pairs, indexes, or commodities can be a basic asset.