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 average daily trading volume in the foreign exchange market exceeds $5 trillion.

Word of the day
"Shooting Star" - A type of bearish candlestick that usually appears during an uptrend and indicates trend reversal.
Pro Tip

required margin in quote currency = trade size in units / leverage X exchange rate