Major Pairs: The currency pairs which are most heavily traded in the
forex market are called major pairs. The four major pairs are EUR/USD, GBP/USD,
USD/CHF and USD/JPY.
Managed Forex Accounts: It is a type of account in which a money manager manages the
forex accounts and trades on behalf of the clients for a fee.
Manual Trader: A trader who trades manually rather than relying on the
automated trading algorithms. The manual trader is at a disadvantage as
compared to the traders who use trading algorithms in exploiting the price
anomalies. Also manual traders are more susceptible to trading on emotions.
Maximum Leverage: The maximum amount of trading position that is permitted
through a trading account. A maximum leverage of 1:50 means that if the trader
has $100 balance in the account, he/she can take positions with the exposure of
$5,000.
Micro Forex Account: A type of forex account that allows the traders to trade
with micro-lots (1,000 units). Micro accounts are usually used by beginners.
Micro-Lot: It’s
the size of a contract for 1,000 units of base currency.
Mine And Yours: The terminology used by floor traders mostly in forex
transactions. It describes buying and selling. When a trader wants to buy, he/
she would type and say Mine and if the trader wants to sell, he/ she would type
and say Yours.
Mini Forex Account: It is a type of forex account in which traders can trade
with mini-lots (10,000 units or one tenth of a standard lot).
Mini-Lot: It’s
the size of a contract for 10,000 units of base currency.
Mirror Trading: It is a forex trading strategy which allows the traders or
investors to copy the most successful and experienced traders around the world.
Monetary Base: The total amount of currency that is either in circulation
in the hands of public or in the commercial bank's deposits in the central bank
reserves. It measures the money supply. It is also called Money Base.
Mt. Gox: It is one of the leading bitcoin exchanges in the world. It allow its users to buy, sell and trade bitcoins on its exchange. It offers support for U.S. Dollar, Euro and Canadian Dollar.