Trader's Glossary

European Central Bank (ECB)

The central bank for the euro, administering the monetary policy of the Eurozone.
Did you know?

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

Word of the day
"One Cancels the Other Order (OCO)" - A combination of a stop order with a limit order to mitigate risk exposure, whereby the execution of one order triggers the automatic cancellation of the other.
Pro Tip

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

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