Trader's Glossary

End of Day Order (EOD)

An order to buy or sell a specific asset at a predetermined price, which is kept open until the end of the trading day but cancelled if the asset fails to reach the desired price.
Did you know?

In terms of trading volume, the FX market is by far the largest market in the world.

Word of the day
"Boiler Room" - Initially used in reference to fraudulent brokerages set up with the purpose of offloading unwanted securities of the firm’s owners, the term is now synonymous with companies that employ high-pressure selling tactics while also misrepresenting the products that they offer.
Pro Tip

There is no get-rich-quick formula. If someone promises you one, take a step back, and then run as far away from them as possible.

UP