Glossaire
Glossaire du trading
Les chiffres et les termes qui décrivent un Edge de trading, définis sans jargon et reliés aux outils qui les utilisent.
Excursion et qualité du Trade
Ce qu’un Trade vous a rapporté, vous a fait risquer et a laissé comme gain potentiel.
R-multiple
3 min de lectureAn R-multiple expresses a trade result as profit or loss measured in units of the initial risk you put at stake when you entered.
Realized vs. unrealized P&L
3 min de lectureRealized P&L is profit booked when you close a position; unrealized P&L is the open, mark-to-market gain or loss on positions still running.
Breakeven win rate
3 min de lectureThe minimum percentage of trades you need to win to break even at a given reward-to-risk ratio, before costs.
Edge et espérance
Les métriques qui indiquent si une stratégie est réellement rentable.
Trading expectancy
3 min de lectureExpectancy is the average profit or loss you can expect per trade, measured across a large sample of trades rather than any single outcome.
Profit factor
3 min de lectureProfit factor is your gross profit divided by your gross loss — the total dollars your winners made against the total dollars your losers cost.
Win rate
3 min de lectureWin rate is the share of your closed trades that finished in profit, expressed as a percentage.
Average win / average loss
3 min de lectureThe payoff ratio: your mean profit per winning trade divided by your mean loss per losing trade, measuring how much winners outsize losers.
Sharpe ratio
3 min de lectureThe Sharpe ratio measures risk-adjusted return: your average excess return over the risk-free rate divided by the volatility of your returns.
Risque et dimensionnement des positions
Dimensionnement de chaque Trade, gestion des Drawdowns et protection du capital.
Position sizing
3 min de lecturePosition sizing is deciding how much to trade so each position risks a controlled, predetermined slice of your account.
Kelly criterion
3 min de lectureThe Kelly criterion is the fraction of capital to bet on each trade that maximizes the long-run geometric growth rate of your account.
Maximum drawdown
3 min de lectureMaximum drawdown is the largest peak-to-trough decline in account equity over a period, measured in currency or percent.
Drawdown recovery
3 min de lectureDrawdown recovery is the percentage gain needed to climb back to a prior equity peak after a loss — and it grows faster than the loss itself.
Notions de base sur les instruments
Les unités utilisées par les brokers pour coter : pips, lots, marge et levier.
Pip
3 min de lectureA pip is the standard smallest price increment quoted in a forex pair, usually the fourth decimal place (0.0001), or the second (0.01) for JPY pairs.
Lot size
3 min de lectureLot size is the standardized quantity of an instrument you buy or sell per trade unit — the block your broker measures every position in.
Margin
3 min de lectureMargin is the capital your broker requires you to post as collateral to open and hold a leveraged position.
Leverage
3 min de lectureLeverage lets you control a position larger than your deposited capital using broker margin, expressed as a ratio such as 30:1.
Autres termes
Ajouts récents qui n’ont pas encore été classés dans un domaine.
Hawkish vs. Dovish: What They Actually Mean
3 min de lectureTwo words carry most of the meaning in central-bank commentary. Hawkish leans toward tighter money; dovish leans toward easier money. The nuance, and the mistakes, come from what they are measured against.
How to Read a Central Bank Statement
6 min de lectureA rate decision is rarely the news. The news is what changed since the last one: the guidance, the votes, the projections, the balance sheet. This is how to read a policy statement the way desks do, by comparison.