Trader's Glossary

Federal Open Market Committee (FOMC)

The branch of the Federal Reserve Board that is responsible for setting key interest rates.
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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