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?

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

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