Trader's Glossary

Basis Point (BP)

A measure unit for interest rates which equals 0.01% and shows the percentage change in a financial instrument.
Did you know?

The average daily trading volume in the foreign exchange market exceeds $5 trillion.

Word of the day
"Shooting Star" - A type of bearish candlestick that usually appears during an uptrend and indicates trend reversal.
Pro Tip

required margin in quote currency = trade size in units / leverage X exchange rate

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