Trader's Glossary

Good for the Day Order

A trade order that is valid until the end of the given trading day, at which point it automatically expires. Good for the Day Orders are also known as Day Orders.
Did you know?

The market share of the top 10 FX players globally reaches 80%.

Word of the day
"Ichimoku Kinkō Hyō" - A technical indicator that gives information on trend and momentum, support and resistance.
Pro Tip

required margin in base currency = trade size in units / leverage