#NewbieGuide Before diving into live trading, every beginner must understand key trading terms. Pip stands for “percentage in point” and measures price movement. Lot size determines how much you’re trading — standard, mini, or micro. Leverage allows you to control larger positions with smaller capital, but it also increases risk. Margin is the amount required to open a trade. Stop-loss and take-profit are automatic exit levels that protect your funds and secure gains. Spread is the difference between the buy (ask) and sell (bid) price. Learning these basics helps you read charts, manage trades, and communicate clearly in the trading world.