What is a spread?
The spread is the difference between the buy (ask) and sell (bid) price. It is the primary cost of opening a position on a commission-free account.
What is a lot?
A lot is a standardised trade size. One standard forex lot is 100,000 units of the base currency; micro lots of 0.01 let you trade far smaller amounts.
What is leverage?
Leverage lets you control a larger position than your deposit alone would allow. At 1:100, ₹10,000 of margin controls a ₹10,00,000 position — and both profit and loss scale accordingly.
What is margin?
Margin is the deposit held against an open position. If your equity falls below the required margin, positions may be closed automatically.
Stop loss and take profit
A stop loss closes a losing position at a predetermined level. A take profit does the same for a winning one. Using both is the simplest form of risk control.