Trader's Glossary

Elliot Wave Theory (EW)

The Elliot Wave Theory is named after Ralph Nelson Elliot, who argued that the movements of the stock market can be predicted by tracing a repetitive pattern of waves.
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

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