Scalping – a trading strategy, where a trader executes a lot of orders in a short period and fixes profit in several pips.
Sell limit – order to sell at a given price or higher. It is placed in with the expectation that the market price will increase up to a certain level and then will begin to fall.
Sell stop – order to sell at a given price. It is placed with the expectation that the market price will decrease up to a certain level and will continue to fall.
Settlement – The process by which a trade is entered into the books and records of the counterparts to a transaction.
Short Position – An investment position that benefits from a decline in market price.
Slippage – the amount of market movements from the time of placing an order until its execution.
Spot (Rate) – Spot refers to the cash price before interest charges.
Spot Price – The current market price. Settlement of spot transactions usually occurs within two business days.
Spot Trade – When you trade foreign exchange you are always quoted a spot price 2 business days in advance.
Spot/Next – simultaneous purchase and sale of currency.
Spread – The difference between the bid (buy) and offer (ask, sell) prices.
Stop loss – a type of pending order, that helps limit losses while trading.
Stop Loss Order – Order type whereby an open position is automatically liquidated at a specific price.
Stop out – the process of automatic order closing.
Support level – the term of technical analysis, which determines the specific level at which market participants often start buying.
Swap – Simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate.