Trader's Glossary

Electronic Communication Network (ECN)

Electronic Communication Networks aggregate prices from many liquidity providers and offer traders the most competitive bid and ask prices. ECN orders are anonymously routed to the interbank network without dealing desk intervention.
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