Tell me, did you notice one interesting thing: on their websites, brokers place separate sections where Forex theory is told and there is a separate section of terminology, but there is no list of spoken words? Of course, without theory and basic terms, nowhere, but a lot of practical knowledge gives forum discussion. But there sometimes understand traders is very difficult. Let’s try to fill this gap a bit by deciphering the most frequently used words and abbreviations from the trader’s slang.

Learn to understand professional traders

  • ATS is an automated trading system. Simply put, a trading advisor or robot.
  • Used – breakeven level. This abbreviation is used in the discussion of setting stop-loss, which is transferred to this level (opening level of the transaction) after part of the profit is taken.
  • Fleas – M1-M5 interval candles in intraday trading.
  • Sidewall – flat. The state of the market in which the price moves horizontally. Interestingly, the number of letters in the word “flat” is less, but the word “out of place” is found no less rarely.
  • Helicopter – the state of inertial volatility of the market. It is observed at the time of news release, when the price of an asset abruptly goes one way, then turns around just as sharply and flies in the opposite direction. It can be observed at the moment of panic.
  • Grail. “Dream of an idiot,” a trading strategy or advisor, which multiplies the trader’s deposit tens or hundreds of times at the touch of a button. The understanding that miracles do not happen comes with experience. But often with him comes disappointment.
  • Grandfather, kefir, booger, kvass – the corresponding cryptocurrency names: Bitcoin, Ethereum, Monero, Ethereum Classic. Names of exchanges: wormwood (Poloniex), point (OKCoin), Fenya (Bitfinex).
  • Daily (diary), Weekly, clock – variations of the names of the corresponding timeframes.
  • Dilda and snot are respectively long green (growing) and red (falling) candles.
  • Topping up – placing another order in the direction of an already open transaction. In the trader slang, the phrase “I added up” is often found, that is, it has increased the volume of the position. Accordingly, the “drain” is the loss of the deposit.
  • Jewish woman, hedgehog – EUR / JPY currency pair.
  • Lock – the opening of two identical transactions in different directions on the same instrument. In theory, it is called a locking strategy.
  • Hares – scalpers, pipsters.
  • IMHO – “in my humble opinion.” Used in discussions of something where the interlocutor focuses on the fact that the opinion expressed is his personal (may or may not be wrong).
  • Turkey – indicator. It is difficult to say where this word came from. Most likely, it’s just so much shorter to write.
  • Intraday, day trading – intraday trading, that is, opening and closing trades during the day without transfer and swap.
  • Kiwi is the NZD / UZD currency pair.
  • Kolya, Uncle Kolya, Kolya Morzhov – Margin Call.
  • Cutlet – deposit. “Enter the whole cutlet” – contrary to the rules of risk management, invest the entire deposit or most of it in the market. It is found in the slang of cryptocurrency traders.
  • Puppet is a market maker, a large capital institutional investor.
  • Smoking bamboo – watch the market without open deals. On forums, it is often used to mean “do nothing.”
  • Catch knives or swords – buy at the minimum or sell at the maximum.
  • Elk – stop loss. “Caught moose” – automatically closed the position at a stop loss, that is, at a loss.
  • Mashka, MA – Moving Average (MA).
  • Fly Swatter – MyFxBook monitoring site.
  • Being in a position / pose – in the first case means “making a profit”, in the second – “making a loss.”
  • Sheep are insecure traders who make their assumptions based on as many analytical materials or extraneous opinions as possible. Often change the point of view, easy to manage and influenced.
  • Pigs are traders who prefer unreasonable risk: using maximum leverage, violation of risk management in relation to phased withdrawal from the market, etc. Often suffer losses.
  • Owl is a trading advisor.
  • Trawl – a trailing stop order, which is a safety order that automatically goes in the direction of the price at a certain distance, but does not roll back.
  • Hamsters are not far away traders who follow the path of the majority, believe in freebies and easy money. “Hamster haircut” is a market maker tactic based on pushing most hamsters to some kind of action (invest money), and then make money on them by setting the trend in the opposite direction.

Tell our readers in the comments what trader slang you use. Sure it will be informative. Thank you in advance!

Leave a Reply

Your email address will not be published. Required fields are marked *