Pip
-
Normally used in reference to forex rates, a 'percentage in point' is generally, though not always, the fourth decimal place, i.e. 0.0001. Traditionally a pip was the smallest point by which a forex rate could move, but this is no longer the case.
Pivot points
-
Used in technical analysis, pivot points use the previous period’s high, low and close to calculate the current period’s support and resistance levels.
Portfolio
-
A collection of investments owned by an individual or company.
Position
-
An open trade that you have in the market.
Position margin
-
The amount of equity that a CFD trader is required to pay in order to open a new position.
Position sizing
-
The size of a position within a particular portfolio. It’s also associated with a risk management technique where an investor calculates the size of each new position so that the maximum likely loss on the position does not exceed a certain amount or a certain percentage of their capital.
Price depth
-
The feature of our platform which quotes multiple prices for a particular product, reflecting the prices available for orders of different sizes.
Producer Price Index (PPI)
-
A statistic that measures changes in the price of finished goods and services sold by producers.
Profit and loss (P&L)
-
An account compiled at the end of an accounting period to show gross and net profit or loss. In CFD trading, it indicates money gained or loss incurred on a position.
Purchasing Managers Index (PMI)
-
An indicator of economic activity created through surveys completed by mangers in a number of manufacturing companies. It provides a picture of economic conditions within the manufacturing sector, and is often used by investors to predict future GDP numbers for a country's economy.
