Correlation
A measurement of the relationship between the price movements of two assets.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Social Trader" - A forex trader who interacts with an online community of traders, sharing information about the markets and the strategies he employs.
Pro Tip
pip value in quote currency = pip in decimal places X trade size
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