Glossary
Glossary
The Glossary is a rolling collection of short entries (300-500 words each) for the terms you meet across the rest of the site. Each entry defines the term plainly, shows the arithmetic where relevant, and links into the longer articles where the concept matters. Built incrementally as terminology comes up.
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Spread
The gap between the bid and the ask. The first cost of any forex trade, paid the moment a position is opened, with worked examples and the conditions that make it widen.
Read this first →More in Glossary
Swap / Rollover
The overnight interest charge or credit on a forex position. What it is, how it is calculated, why Wednesdays are triple-swap nights, and why 'swap-free' accounts are rarely free.
Read the explainer →Slippage
The gap between the price you intended to trade at and the price you actually got. Why it is rarely zero, why it is rarely in your favour, and where it shows up most.
Read the explainer →Drawdown
The peak-to-trough decline of an account's equity. Why the recovery math is asymmetric, why it gets non-linear fast past 30%, and what the curve implies for position sizing.
Read the explainer →R-Multiple
The risk-normalised unit for measuring trade outcomes. Why expressing wins and losses as multiples of risk makes strategies comparable across account sizes, position sizes, and time.
Read the explainer →Expectancy
The average R-multiple per trade, the single most important number to evaluate a strategy on, and the metric the trading-marketing layer prefers not to lead with.
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