Trader's Glossary

Coincident Indicator

An economic indicator that shows the current state of the economy of a particular area. The GDP, for example, is one of the most significant coincident indicators.
Did you know?

The market share of the top 10 FX players globally reaches 80%.

Word of the day
"Shadow" - Shadows are the thin lines above and below the real body of candlesticks which display the high/low price range. Shadows are also called Wicks.
Pro Tip

pip value in quote currency = pip in decimal places X trade size

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