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Glossary

Terms, defined plainly

ExposureRisk
Money committed to a position (size × price), distinct from the amount at risk.
Lesson: Risk per trade and position sizing
LeverageFutures
Notional exposure divided by account equity; scales percentage gains and losses.
Lesson: Leverage and liquidation
Notional valueFutures
Price × multiplier: the economic exposure of one contract.
Lesson: Contract specs, ticks and notional value