📚Terminology

Term	Description
Prop Trading	Proprietary trading involves a firm utilizing its own funds to trade financial instruments like stocks, currencies, or cryptocurrencies. It allows traders to leverage the firm's capital rather than personal funds.
CoinW Prop Trading - PropW	An intuitive trading platform offering competitive registration fees, generous funding, no time limits on trading, and a streamlined challenge process for traders.
KYC (Know-Your-Customer)	A verification process where users must prove their identity before fully engaging with the trading platform. This is usually completed within 10 minutes but may take longer depending on the region.
Trading Module	Part of the PropW platform where users can engage in trading activities. Includes features like margin modes, leverage adjustments, and order types.
Margin Mode	Includes "Isolated" where each position has its own margin, and "Cross" where the margin is shared across all open positions.
Leverage	Allows a user to control a larger position with a smaller amount of initial capital, available up to 5x on PropW. This amplifies both potential profits and losses.
Order Types	Includes "Market" orders for immediate transaction at current prices and "Limit" orders for setting a specific price for the transaction.
Take Profit (TP)	A trading feature that sets a target price at which a position will automatically close to secure profits.
Stop Loss (SL)	A risk management tool that sets a price at which a position will automatically close to limit potential losses.
Challenge Modes	Options for traders to participate in trading challenges; includes "Standard Mode" and "Hard Mode," each with different account fees, profit shares, and risk parameters.
Referral Code	A code that can be used during the account creation process for benefits, which cannot be changed once the account is set up.
Discount Coupon	Coupons that provide discounts on challenge enrollments, automatically applied during the purchase stage if available.
Help Center	A support feature on the PropW platform where users can find solutions to issues or submit support requests.
Social Platforms	Channels like Twitter, Telegram, YouTube, and Discord where users can join the PropW community and stay updated with the latest news and events.
Profit Target	The specific percentage gain a trader aims to achieve within a challenge or trading period.
Maximum Daily Loss	The highest percentage of the trading account that can be lost in a single day before the trading activities are stopped to prevent further losses.
Trading Days	The number of days allotted or available for trading within a specific challenge or trading beased period. More favorable registration fees
Phase	Stages within a challenge or trading competition that may have different rules, targets, and conditions.
Profit Share Ratio	The percentage of the profits earned from trading that is shared with the trader by the trading platform or firm.
Maximum Trailing Drawdown	The maximum allowable decrease in the value of a trading account from its peak during a specific period, measured in percentage. This limits the loss during a trading period or challenge to protect the capital and ensure the sustainability of the trading account under the defined trading conditions.