Here are some ‘must know’ terms used in trading:

1. Asset: A financial instrument, such as a stock, currency pair, commodity, or index, that is traded on a financial market.
2. Bid and ask: The bid price is the highest price a buyer is willing to pay for an asset, while the ask price is the lowest price a seller is willing to accept for the same asset.
3. Broker: An intermediary between buyers and sellers in financial markets who executes trades on behalf of clients.
4. Candlestick chart: A type of chart used to display the price movement of an asset over a certain period of time. Each candlestick represents a specific time period and shows the opening, closing, high, and low prices of the asset.
5. Margin: The amount of money required to open and maintain a position in a financial market. It is usually expressed as a percentage of the total position size.
6. Option: A financial instrument that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price and time.
7. Pips: A unit of measurement used to express the change in the value of a currency pair. It stands for “percentage in point” and represents the smallest price movement in a currency pair.
8. Stop-loss: An order placed to sell an asset at a certain price in order to limit potential losses if the market moves against a trader’s position.
9. Support and resistance: Support is a price level at which demand for an asset is strong enough to prevent the price from falling further, while resistance is a price level at which supply of an asset is strong enough to prevent the price from rising further.
10. Volatility: The measure of the amount and frequency of price movements of an asset over a certain period of time. High volatility means that the price of an asset is fluctuating rapidly, while low volatility means that the price is relatively stable.