Trader's Glossary

Consolidation

The fluctuation of an asset’s price movements in a particular range without clear direction as a result of market uncertainty or exhaustion of market participants.
Did you know?

Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.

Word of the day
"Blow Up the Account" - Slang term for losing all capital in a trading account.
Pro Tip

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

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