Trader's Glossary

Dollar Index (USDX)

A major market index, tracking the value of the U.S. dollar against a number of heavily traded currencies.
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