Slang term for a market that repeatedly moves between the highest and lowest prices registered without maintaining a consistent direction.
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.
required margin in quote currency = trade size in units / leverage X exchange rate