Slang term for a trade that is executed at a less favourable price than the one expected.
Did you know?
U.S. President Richard Nixon is credited with enabling a free-floating currency system after ending the Bretton Woods Accord.
Word of the day
"Momentum Trader" - A forex trader who places trades around events that are likely to cause market volatility.
Trades usually have more chances of being successful during high market activity.