Free Guides for Trading Growth / Forex & Prop Trading Slang Glossary
Beginner
12 min read
Forex & Prop Trading Slang Glossary
15+ essential trading terms explained simply
Psychology terms that affect your account
Prop firm-specific jargon you'll hear every day
Real examples for every definition
Get Free Instant Access
Leave your email and open the printable checklist right away.
MyFundedCapital School
Forex & Prop Trading Slang Glossary
Rules as of 3 Nov 2026. Tick each line before your next session.
1. Key prop trading terms
- Balance counts closed trades; equity adds open profit and loss.
- Limits are checked on equity, so open losses can end an account.
- Lots and pips turn a risk in dollars into an order size.
2. How a challenge works
- The fee is the most you can lose: you deposit no trading capital.
- Two loss limits apply at once, and open losses count toward both.
- Passing starts a review and verification; payouts follow a fixed schedule.
3. Prop firm vs broker
- A broker holds your deposit; a prop firm sells access to an account for a fee.
- At a prop firm the fee caps your loss, but the rules decide how long the account lives.
- A withdrawal is your money; a payout is your share of eligible profit.
4. Static vs trailing drawdown
- Static: the floor never moves, so every dollar of profit adds room.
- Trailing: the floor follows your best close, so profit moves it up, not away.
- Once a trailing floor locks at the starting balance, it stops moving.
5. Market, limit and stop orders
- A market order buys at the ask and sells at the bid, so you pay the spread the moment you enter.
- A limit waits for a better price; a stop waits for price to prove a move. Neither is sure to fill.
- Add a stop loss before you send any order; the ticket shows what it costs against both loss limits.
6. From pass to first payout
- Reaching the target starts a review; funded access follows verification and the agreement.
- The payout clock starts with your first funded trade, not the day you pass.
- Scaling grows the 2-Step account; the split only changes with an add-on.
myfundedcapital.com/learn/
🔒 No spam. Unsubscribe anytime. We respect your privacy.
2,340+ traders downloaded this guide
Plain-Language Definitions
No textbook fluff. Every term explained the way a funded trader would explain it to a friend — with real numbers and examples.
Prop-Firm Specific Lingo
Understand drawdown, breach, funded account, and evaluation rules in the exact context of MFC challenges.
Psychology Vocabulary
Know what FOMO, revenge trading, paper hands, and bag holding mean — before they cost you your account.
Inside the checklist
What you get on one printable page
18 checks from 6 School lessons. Tick each line before your next session.
Built from these lessons
- Key prop trading terms4 min
- How a challenge works5 min
- Prop firm vs broker4 min
- Static vs trailing drawdown4 min
- Market, limit and stop orders5 min
- From pass to first payout4 min
MyFundedCapital School
Forex & Prop Trading Slang Glossary
Rules as of 3 Nov 2026. Tick each line before your next session.
1. Key prop trading terms
- Balance counts closed trades; equity adds open profit and loss.
- Limits are checked on equity, so open losses can end an account.
- Lots and pips turn a risk in dollars into an order size.
2. How a challenge works
- The fee is the most you can lose: you deposit no trading capital.
- Two loss limits apply at once, and open losses count toward both.
- Passing starts a review and verification; payouts follow a fixed schedule.
12 more checks in the full checklist
Bogdan Rubtsov
CEO & Founder
“Traders shouldn’t have to beg for capital or guess the rules. So every MyFundedCapital program has its own rulebook, and you can read it before you pay. We ask one question: can you manage risk? If you can, you’re welcome here. If a rule ever feels unclear, that’s ours to fix.”
