Every professional term in trading and finance — defined in one clear sentence, the Money Circle way. Use the search or jump by letter. If a term confuses you anywhere in the academy, it lives here.
A sideways phase where institutions quietly build positions before a markup — often at lows.
Automated computer systems executing orders by rules, in microseconds — most market volume today.
Any cryptocurrency that is not Bitcoin. Higher beta: moves harder than BTC in both directions.
Profiting from price differences of the same asset on different venues — fast, low-risk, institutional.
The lowest price sellers currently demand. You BUY at the ask.
A category of investments — equities, currencies, commodities, bonds, crypto.
The highest price ever traded. Above it there is no resistance history — only psychology.
Indicator measuring average candle range — a volatility yardstick used for stop sizing.
Adding to a losing position to lower the entry price — a common account-killer without a plan.
Testing a strategy on historical charts to measure its edge before risking money.
The first currency in a pair — EURUSD = how many USD one EUR buys.
A prolonged falling market (commonly −20% from highs). Sellers in control.
Your directional opinion for the session, decided top-down from the higher timeframe BEFORE trading.
The highest price buyers currently offer. You SELL at the bid.
Price closes beyond the previous swing IN trend direction — confirmation the trend continues.
A tradeable loan to a government or company paying interest — the world's biggest "safe" market.
The effective interest a bond pays. Rising yields pull money out of risk assets.
Entry + stop loss + take profit sent as one package. The professional standard.
A failed order block that flips: broken demand starts acting as supply (and vice versa).
Price CLOSES beyond a level with conviction — a regime change, valid only with the body, not a wick.
Moving your stop to entry so the trade can no longer lose.
Bitcoin's share of total crypto market cap — crypto's internal risk-on/off gauge.
A prolonged rising market. Buyers in control; dips get bought.
Stop and entry orders resting ABOVE highs — the pool price runs to before reversing down.
One time period drawn as body + wicks, recording open, high, low and close.
The institution controlling a currency and its interest rate — Fed (USD), ECB (EUR), BoJ (JPY).
A broker contract mirroring an asset's price. Trade long/short with leverage without owning it.
The FIRST structural break against the trend — the earliest reversal warning.
Your hard daily stop — e.g. two losses = done for the day. Kills revenge trading.
The fee your broker charges per trade, alongside spread and swap.
Profits generating profits. Small consistent gains become exponential over time.
Multiple independent signals (zone + fib + structure) agreeing at ONE price — where pros strike.
Sideways compression after a move — the market catching its breath before deciding.
A counter-trend move (in Elliott: the 3-wave A-B-C) that resets the trend for continuation.
How two assets move together. DXY vs gold: inverse. Nasdaq vs S&P: positive.
Weekly CFTC report revealing how commercials and large speculators are actually positioned.
Whoever is on the other side of your trade. Every buy needs a seller.
THE inflation number. A hot CPI = rate-hike fear = risk assets sell.
A venue where crypto trades (Binance, Coinbase, Kraken). Custody there ≠ your keys.
Opening and closing positions within the same day — no overnight exposure.
The range between the last major swing low and high — the frame for premium/discount.
The origin area of an explosive move UP — unfilled institutional buy orders likely remain.
Any contract deriving its value from an underlying asset — CFDs, futures, options.
The cheap lower half of the dealing range (below 50%) — where professionals buy.
A sideways phase where institutions unload positions to the crowd — often at highs.
Spreading capital across uncorrelated assets so one failure can't sink you.
A candle closing where it opened — tiny body, indecision. Meaningful only at key levels.
Central-bank tone favoring LOWER rates / easier money — usually bullish for risk assets.
The founding framework of trend analysis: trends persist until structure proves otherwise.
The distance from your account's peak to its low. The number that ends careers — cap it.
The dollar vs a basket of majors. The anchor: DXY up usually pressures gold, BTC and EUR.
The schedule of market-moving releases (CPI, NFP, FOMC). Checked before EVERY session.
Theory that markets move in repeating 5-wave impulse + 3-wave correction crowd cycles.
A candle whose body fully swallows the previous one — momentum change signal at key levels.
The price where your position opens. Planned in advance — never improvised.
Two+ swings at the same price — a textbook stop cluster and liquidity magnet.
The 50% midpoint of the dealing range — the fair-value line between premium and discount.
Your account's live value including open positions.
The chart of your account value over time — smooth and rising = real edge.
Exchange-Traded Fund — a tradeable basket of assets. ETF flows reveal where big money moves.
The act of actually placing and filling orders — where plans meet reality.
The price where your position closes — at target, at stop, or by plan. Never by panic.
Average R earned per trade over many trades. Positive expectancy = a real, tradeable edge.
Total capital at risk across all open positions right now.
The 3-candle imbalance: a price range skipped by one violent candle — a magnet for revisits.
A breakout that instantly fails — usually a liquidity sweep in disguise. The close tells the truth.
Sentiment gauge 0–100. Extremes are contrarian: max fear ≈ bottoms, max greed ≈ tops.
Ratio tool (0.382 / 0.5 / 0.618…) measuring how deep a pullback has gone.
Levels beyond 100% (1.272 / 1.618) projecting profit targets after the pullback.
The moment your order executes. Your fill price is where you actually got in.
The Fed's rate-setting meeting — the biggest scheduled event in global markets.
Fear Of Missing Out — chasing extended moves late. The most expensive emotion in trading.
The global currency market — $7.5T daily, open 24/5, the largest market on earth.
Valuing assets through economics — rates, inflation, earnings — the WHY behind big moves.
The periodic fee between longs and shorts keeping crypto perpetuals near spot price.
Standardized exchange contracts to buy/sell at a set date — the institutional derivatives arena.
Empty space between one close and the next open — price jumped without trading between.
Gross Domestic Product — the broadest economic growth measure; recessions = two negative quarters.
50-day average crossing above the 200-day — a classic long-term bullish regime signal.
The 0.618–0.65 Fibonacci band — the highest-probability pullback entry area.
1.618 / its inverse 0.618 — the proportion behind Fibonacci levels in markets and nature.
Bitcoin's supply issuance cut in half every ~4 years — the clock of the crypto macro cycle.
A candle with a long lower wick at a low — sellers pushed, buyers slammed it back. Bullish at support.
Central-bank tone favoring HIGHER rates / tighter money — usually bearish for risk assets.
A position opened to offset the risk of another — insurance, not profit-seeking.
Averaged "smoothed" candles. Look clean, but hide real entries/exits — display only, never execute from them.
Algorithms trading in micro-seconds, farming spreads and reacting to news instantly.
A swing high above the previous one — uptrend fuel.
A pullback low above the previous low — buyers stepping up earlier. Where pros buy.
Crypto slang for long-term holding regardless of volatility (from a famous "hold" typo).
Price moved so fast one side barely traded — inefficient pricing the market tends to revisit.
The powerful move WITH the trend (in Elliott: the 5-wave advance). Fast, directional, high volume.
A weighted basket of stocks traded as one — Nasdaq 100, S&P 500, DAX 40.
A calculation drawn on the chart (RSI, MA…). Derived FROM price — always late to it.
An enticing minor level luring early entries — engineered bait before the real zone gets hit.
The rate at which money loses buying power. The force central banks fight with rates.
A candle fully within the previous candle's range — compression before expansion.
Banks, funds, asset managers — 80–90% of volume. We track their footprints, not fight them.
The price of money, set by central banks. The gravity that reprices every asset on earth.
The price level where your trade idea is objectively WRONG — where your stop belongs.
Your written record of every trade: setup, screenshots, R result, emotions. The #1 improvement tool.
The 18th-century rice-trader charting method that became the world standard.
A price area of major historical significance — weekly/daily zones every timeframe respects.
The high-probability session windows (London open, NY open) where institutional volume concentrates.
"Know Your Customer" — identity verification required by regulated brokers and exchanges.
Trading with borrowed capital — 10× controls $10,000 with $1,000. Amplifies wins AND losses.
"Fill me only at MY price or better." The professional entry tool — price comes to you.
Forced closure of a leveraged position when margin runs out — the crypto-perp account killer.
How easily size trades without moving price — and the resting orders themselves.
A cluster of resting stops/entries at an obvious level — fuel institutions hunt.
Price wicks through a pool, consumes the orders, and snaps back — the trap before the real move.
Europe's trading hours — the day's volume ignition; famously sweeps the Asia range first.
A position profiting when price RISES. Buy low, sell high.
Standard trade size unit. Forex: 1 lot = 100,000 units; mini 10k; micro 1k.
A weaker bounce top — sellers stepping in earlier. Downtrend fuel; where pros short.
A swing low beneath the previous one — downtrend confirmation.
Your own capital locked as collateral for a leveraged position.
The broker's demand for more funds when losses eat your margin — the step before liquidation.
Price × supply — the honest way to compare asset sizes. Price alone lies.
Firms quoting both bid and ask, earning the spread — they need volume where stops cluster.
"Fill me NOW at the best available price." Instant, but pays spread and slippage.
A full-body candle with no wicks — one side controlled the entire period. Maximum conviction.
Price revisiting a zone and consuming its resting orders — each visit drains the battery.
The speed and force of a move — big consecutive bodies = strong momentum.
A central bank's rate + liquidity toolkit — easing (dovish) or tightening (hawkish).
The average of the last N closes drawn as a line — trend context, not an entry signal.
Top-down reading: Daily for bias, 4H for setup, 15m for the trigger.
The 100 largest US tech-heavy stocks as one index — the growth/risk-appetite thermometer.
US trading hours — overlaps London for the day's deepest liquidity; indices open 15:30 CET.
Trading scheduled releases directly — violent spreads and slippage; beginners stand aside.
The US jobs report, first Friday monthly — one of the most violent regular events.
Meaningless small fluctuations, especially on low timeframes — what over-zoomed beginners trade.
Two linked orders where one filling cancels the other — powers the bracket.
Open, High, Low, Close — the four prices every candle records.
Total outstanding derivative contracts — rising OI = new money fueling the move.
Contracts giving the RIGHT (not duty) to buy/sell at a price — advanced; their hedging moves spot.
The last opposite candle before an impulsive move — the institution's refined footprint, used as an entry zone.
Taking trades outside your plan for action's sake — death by a thousand spreads.
Interest charged (or paid) for holding leveraged positions past the daily rollover.
Profit & Loss. Unrealized while open ("paper"), realized once closed.
A crypto futures contract with no expiry, tethered to spot by the funding rate.
A candle that's mostly wick — a violent rejection. Powerful at key zones, noise elsewhere.
The standard forex price unit — EURUSD 1.0850 → 1.0851 = 1 pip (4th decimal).
Purchasing Managers' Index — business sentiment; above 50 = expansion, below = contraction.
The price with the most traded volume — a magnet and a strong level.
Everything you hold — positions, cash, investments — viewed as one risk unit.
size = risk ÷ stop distance. The formula that keeps every loss survivable.
Factory-gate inflation — often leads CPI by months.
The expensive upper half of the dealing range (above 50%) — where professionals sell.
Trading from raw price movement — structure, candles, levels — no indicator crutches.
A company funding traders who pass a risk-controlled evaluation — you trade their capital for a profit split.
Round numbers (1.1000, BTC 100k) where human orders naturally cluster.
A temporary counter-move within a trend — the market breathing in before the next leg.
Central banks creating money to buy bonds — liquidity floods markets, risk assets inflate.
The reverse — liquidity drained from markets, headwind for risk assets.
Companies' 3-month report cards — single-stock gap risk four times a year.
The second currency in a pair — the one the price is expressed in (USD in EURUSD).
Your per-trade risk as a unit. Win 1:3 = +3R; any loss = −1R. Keeps math clean across account sizes.
Potential reward ÷ risk. Money Circle minimum: 1:2 — or the trade doesn't exist.
A strong sustained rise in price.
Sideways market between defined support and resistance — no new highs or lows. Trade edges or wait.
A shrinking economy (two negative GDP quarters) — risk-off regime, safe havens bid.
A price AREA where rising price historically finds sellers. Drawn as a zone, never a line.
Price returning to a broken level to confirm it from the other side — the pro breakout entry.
A pullback measured in Fibonacci terms — 38.2%, 50%, 61.8% of the prior move.
A genuine trend change — CHoCH first, then confirmed by opposite BOS.
The complete survival system: fixed risk %, sizing, stops, loss limits. The actual "holy grail".
The market's mood: chasing growth (stocks, crypto) vs hiding in safety (gold, bonds, USD, JPY).
Clean price levels (00/50) that act as psychological magnets and S/R.
Relative Strength Index — momentum oscillator 0–100. Context tool; "overbought" can stay overbought.
The 500 largest US companies — the world's benchmark equity index.
Where scared money hides: gold, government bonds, USD, JPY, CHF.
Very short-term trading for small moves — high frequency, high skill, high cost sensitivity.
Stops and entries resting BELOW lows — the pool price runs to before reversing up.
The crowd's collective mood — measured by Fear & Greed, positioning, funding rates.
A market's active hours — Asia, London, New York. Volatility and liquidity follow the clock.
A position profiting when price FALLS — sell first, buy back cheaper.
The difference between expected and actual fill price — grows violently around news.
Institutional capital — needs liquidity to fill size, hence sweeps and hunts at obvious levels.
Buying/selling the actual asset for immediate delivery — no leverage, no expiry, no liquidation.
The gap between bid and ask — your cost to enter any trade.
A deliberate push into a stop cluster to trigger orders — fuel for the real move.
Your pre-set maximum loss, placed at invalidation. Non-negotiable on every trade.
"Trigger a market order when price crosses X" — powers stops and breakout entries.
The skeleton of swings (HH/HL or LH/LL) that defines trend, reversal and bias.
The origin area of an explosive move DOWN — unfilled institutional sell orders likely remain.
A price AREA where falling price historically finds buyers. A zone, never a line.
A local peak/trough with lower highs (or higher lows) on both sides — structure's building block.
Holding positions for days to weeks, riding the 4H/Daily structure.
Your pre-set exit in profit — decided when calm, executed automatically.
The smallest possible price increment of an instrument.
Emotional meltdown after losses — revenge trades, doubled size. Circuit breakers exist for this.
How much time one candle covers — 1m to Monthly. Higher = WHAT, lower = WHEN.
Always analyzing from high timeframe to low — map before street before door.
Your written rules: setups, risk, sessions, review ritual. No plan = gambling.
The industry-standard charting platform — and this academy's workstation.
A stop that follows price behind new structure — locks profit while letting winners run.
The market's persistent direction — staircase up (HH+HL), down (LH+LL), or sideways.
A line connecting swing points. Useful context — and famous engineered liquidity bait.
Two candles rejecting the exact same level — double rejection at an extreme.
The share of jobless workers — labor weakness moves rate expectations and markets.
Paper profit/loss on open positions — not yours until closed.
The HH+HL staircase — each peak and each dip higher. Buy the dips, never chase the peaks.
Huge body, tiny wicks, high volume — institutional aggression made visible; births zones and FVGs.
How violently price moves. Opportunity and risk scale together with it.
How much traded in a period — the conviction meter behind every move.
Volume displayed BY PRICE level — reveals where the real business was done (POC, value areas).
Volume-Weighted Average Price — the institutional "fair price" benchmark for the session.
Where YOU hold crypto keys — "not your keys, not your coins."
Labeling a chart's Elliott waves (1-5, A-B-C) — valid only while the three iron rules hold.
A player whose size moves markets — their footprints are the zones and sweeps you learned to read.
Violent back-and-forth chops stopping out both sides — typical around news and thin liquidity.
The thin lines beyond the body — prices visited but rejected. The battle, not the verdict.
Percentage of winning trades. Meaningless alone — a 40% win rate with 1:3 R:R prints money.
The tickers for gold (XAUUSD) and silver (XAGUSD) — metals quoted against the dollar.
The return an asset pays (bond interest, dividend %) — rising yields compete with risk assets.
Bond yields across maturities — inversion (short > long) has preceded most recessions.
Derivatives markets: every dollar won is a dollar lost by the counterparty. Edge decides who.
A price AREA (not a line) where orders cluster — how institutions and this academy think about levels.