Trader's Glossary

Controlled Account

A trading account which a company or a trader handle on behalf of the account holder. A Controlled Account is also known as Discretionary Account or Managed Account.
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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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