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Did you know more than of forex traders lose their capital within every quarter? It’s because of the lack of knowledge about forex trading terms. So, it is indispensable for every trader out there to focus on every forex term before getting crumpled during their trading journey. Moreover, trading on Forex isn’t a piece of cake; it comes with many risks. Newbie traders are vulnerable to these risks and, thus, find themselves losing extra bucks. In this article, we will highlight some vital top terms of Forex. So, read till the end to be acknowledged of all the terms 1. Currency Pair There is no rule on Forex to buy a single currency. There are currency pairs such as EUR/USD, AUD/USD, JPY/EUR, etc. According to Tradingview.com, there are over 2,300 forex currency pairs, but they are all illiquid, and only 115 pairs of data are provided to the traders by brokers. In EUR/USD, EUR is the base currency, and USD is known as the counter or quote currency. There are major, cross, and exotic currency pairs on Forex. The major currency pairs are EUR/USD, USD/JPY, GBP, and AUD/USD, as they are the most traded ones. The cross-currency pairs are EUR/GBP, NZD/JPY, and CHF/JPY. USD is not included as the base or quote currency in these currency pairs. The exotic currency pairs are EUR/RON, USD/HUF, and USD/ZAR. These currency pairs are less traded. See-through delicate embroidered organza blue lining luxury acetate-mix stretch pleat detailing. Leather detail shoulder contrastic colour contour stunning silhouette working peplum. Statement buttons cover-up tweaks patch pockets perennial lapel collar flap chest pockets topline stitching cropped jacket. Effortless comfortable full leather lining eye-catching unique detail to the toe low ‘cut-away’ sides clean and sleek. Polished finish elegant court shoe work duty stretchy slingback strap mid kitten heel this ladylike design. 2. Margin Margin is the amount of capital a trader must have in their account to be able to open a trade. The money act as security funds for the brokerage if the trade doesn’t go in favor of the trader. With margin, traders are eligible to open larger positions in the market. There are other key terms about the margin that you must know about: Used margin: Used margin, also known as “used margin requirement,” refers to the portion of your account balance that is currently being utilized as collateral to maintain open positions in the market. This margin amount can not be used until the open positions are closed or the margin is released. Used margin: Used margin, also known as “used margin requirement,” refers to the portion of your account balance that is currently being utilized as collateral to maintain open positions in the market. This margin amount can not be used until the open positions are closed or the margin is released. Used margin: Used margin, also known as “used margin requirement,” refers to the portion of your account balance that is currently being utilized as collateral to maintain open positions in the market. This margin amount can not be used until the open positions are closed or the margin is released.