| 1. | M1 | Money supply component which consists of all cash in circulation, plus all of the money held in checking accounts, as well as all the money in travelers checks. |
| 2. | M2 | Money supply component which consists of M1 plus all of the money held in money market funds, savings accounts, and small Certificates of Deposits. |
| 3. | M3 | Money supply component which consists of M2 plus all of the large Certificates of Deposits. |
| 4. | Maintenance | A set minimum margin that a customer must maintain in his margin account. See also: Maintenance Margin |
| 5. | Maintenance Margin | The minimum margin that must be available in an account to support all open trades. |
| 6. | Make A Market | A dealer makes a market by providing a two-way quote a bid and ask price in which they stand ready to buy or sell. In this way, dealers are also known as market makers. |
| 7. | Managed Float | Exchange rate policy where central banks regularly intervene to stabilize and/or steer the direction of their currency. |
| 8. | Manual Trader | A trader that inputs his/her trades manually without an API. |
| 9. | Margin | The minimum deposit required to maintain an open position. For example, with an open position of $250,000 and a leverage of 50, the required margin would be $5000. |
| 10. | Margin Account | An account that allows leverage buying and short selling on credit. |
| 11. | Margin Call | A notification that more funds must be deposited into an account because the value of the account has fallen below the minimum margin needed to cover the size of existing positions. |
| 12. | Mark-To-Market | For an open position, what its value would be if it were closed out at the current market rates. |
| 13. | Market Close | In the 24-hour forex market, the market never closes. For administrative purposes, many banks institute 5pm EST as the market close in order to differentiate between value dates, as well as More… |
| 14. | Market Maker | A dealer who provides a two-way quote a bid and ask price in which they stand ready to buy or sell. In this way, dealers are also known as market makers. |
| 15. | Market Order | An order for immediate execution at the best available price. |
| 16. | Market Rate | The most current quote for a currency pair. |
| 17. | Market Risk | The risks that occur when demand and supply pressures in the market cause the value of an investment to fluctuate. |
| 18. | Martingale System | A betting strategy where the gambler doubles his/her bet after every loss, so that the first win recovers all previous losses plus wins a profit equal to the original stake. This strategy More… |
| 19. | Maturity | The date on which payment of a financial obligation is due. |
| 20. | Maximum Leverage | The biggest position that a margin deposit would cover. At a leverage of 50, one could enter a maximum leveraged position of $100,000 by depositing $2,000 worth of margin. |
