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 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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