The Indian rupee is the official currency of the Republic of India. The modern rupee is subdivided into 100 paise (singular paisa). Bank notes are available in nominal values of 5, 10, 20, 50, 100, 500 and 1000 rupees. Coins of the rupee are available in 1, 2, 5 and 10. Paise coins of the rupee have nominal values of 1, 2, 5, 10, 20, 25 and 50.

रुपये (rupaye) in Marathi,
ರೂಪಾಯಿ (rūpāyi) in Kannada and Tulu,
ਰੁਪਈਆ (rupiā) in Punjabi,
రూపాయి (rūpāyi) in Telugu,
ரூபாய் (rūbāi) in Tamil,
રૂપિયો (rupiyo) in Gujarati,
रूपैयाँ(rupaiyaN) in Nepali and
രൂപ (rūpā) in Malayalam.
টাকা (taka) in Bengali.

However in some regions, the Indian rupee is known by names derived from the word टङ्क (Tanka) which means money. Thus, the rupee is called টকা (tôka) in Assamese, টাকা (Taka) in Bengali and ଟଙ୍କା (Tanka) in Oriya. The amount and the word “rupee” is accordingly written on Indian banknotes in several Indian languages.

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Limit Order: An order to buy or sell at a pre-specified price level.

Stop-Loss Order: An order to restrict losses at a pre-specified price level.

Limit Entry Order: An order to buy below the market or sell above the market at a pre-specified level, believing that the price will reverse direction from that point.

Stop-Entry Order: An order to buy above the market or sell below the market at a pre-specified level, believing that the price will continue in the same direction.

OCO Order: One Cancels Other. An order whereby if one is executed, the other is cancelled.

GTC Order: Good Till Cancelled. An order stays in the market until it is either filled or cancelled.

Trading with standard lot sizes, generally 100,000 units of the base currency. e.g. The pip value is $10 for EUR/USD.

Mini Account

Trading with mini lot sizes, generally 10,000 units of the base currency. e.g. The pip value is $1 for EUR/USD.

Micro Account

Trading with micro lot sizes, generally 1,000 units of the base currency. e.g. The pip value is $0.10 for EUR/USD.

Lot

The standard unit size of a transaction. Typically, one standard lot is equal to 100,000 units of the base currency, 10,000 units if it’s a mini, or 1,000 units if it’s a micro. Some dealers offer the ability to trade in any unit size, down to as little as 1 unit.

The upper level of resistance and the lower level of support defines the range. The range forms a price channel where the price can be seen to oscillate between the two levels of support and resistance.