Market:
A place where people buy and sell financial instruments like stocks, bonds, or commodities (like oil or wheat).

Trader:
A person who buys and sells financial instruments, hoping to make a profit.

Broker:
A person or firm that acts as a middleman between a buyer and seller in financial markets. Traders often use brokers to execute their trades.

Order:
Instructions a trader gives to a broker or a trading platform to buy or sell a financial instrument.

Futures Contract:
A legal agreement to buy or sell a commodity or financial asset at a fixed price at a future date. Traders use futures to speculate on the price movement of assets like oil, gold, or stock indexes.

Commodity:
Raw materials or agricultural products like oil, gold, or wheat that are traded in futures contracts.

Contract Expiration:
The specific date when a futures contract must be settled. By this date, the buyer agrees to purchase and the seller agrees to deliver the asset.

Settlement:
The process of fulfilling the terms of a futures contract. This can happen through either delivering the physical commodity or making a cash payment based on the contract's value.

Limit Order:
An order to buy or sell a financial instrument at a specific price or better. A limit order ensures that you won't pay more (or sell for less) than the set price, but it doesn't guarantee the trade will happen.

Market Order:
An order to buy or sell a financial instrument at the current available market price. This ensures the trade happens immediately, but the exact price may vary.

Stop Order (Stop Loss):
An order that automatically sells a financial instrument when its price reaches a certain level. It is used to limit losses.

Risk:
The chance of losing money on a trade. Risk is part of trading, and traders often use strategies to minimize it.

Margin:
The amount of money a trader needs to deposit with a broker to open and maintain a futures contract. Margin acts as a form of security.

Stop-Loss:
A pre-set price at which a trader's position will automatically be closed to prevent further losses. It helps manage risk.

Volatility:
How much the price of a financial instrument moves up or down in a given time period. Higher volatility means larger price changes, while lower volatility means smaller price changes.

Liquidity:
How easily a financial instrument can be bought or sold without causing a significant price change. Highly liquid markets, like major stock markets, have lots of buyers and sellers. Low liquidity markets can be harder to trade without price movements.

Bull Market:
A market condition where prices are rising or are expected to rise, leading traders to buy.

Bear Market:
A market condition where prices are falling or are expected to fall, leading traders to sell.

Trading Platform:
Software or an online service that traders use to place trades, track markets, and manage their accounts.

Rithmic:
A popular trading platform used by futures traders, known for its fast data and execution speeds.

Trade Copier:
A tool that automatically replicates trades from one account to another, often used to manage multiple trading accounts simultaneously.

Account Evaluation:
The initial phase where traders must prove their skills by reaching profit targets while following risk management rules.

Profit Target:
The specific amount of profit a trader must achieve during the evaluation phase to be approved for a funded account.

Max Loss:
The maximum amount of money a trader is allowed to lose during the evaluation phase or when trading a funded account.

Daily Limit (Limit Up/Down):
The maximum price movement allowed in one day for a futures contract. When this limit is reached, trading can halt temporarily.

Slippage:
The difference between the expected price of a trade and the actual price at which it is executed. This often happens in fast-moving or low-liquidity markets.

Stop-Out Level:
The level at which your account is automatically closed by the broker due to insufficient funds or too much loss.