Slang term for September 16, 1992, when George Soros broke the Bank of England, earning himself over $1 billion while causing the British government to withdraw the pound from the European Exchange Rate Mechanism.
Did you know?
The market share of the top 10 FX players globally reaches 80%.
Word of the day
"News Trader" - A forex trader that places trades around major news events.
There is no get-rich-quick formula. If someone promises you one, take a step back, and then run as far away from them as possible.
Risk Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of CFDs is not a reliable indicator of future results. Most CFDs have no set maturity date. Hence, a CFD position matures on the date you choose to close an existing open position. Seek independent advice, if necessary. Please read FxPro’s full ‘
Risk Disclosure Statement’./p>
FxPro Group Limited is a holding company that controls FxPro Financial Services Limited. FxPro Financial Services Limited and FxPro UK Limited do not offer Contracts for Difference to residents of certain jurisdictions such as the United States of America, the Islamic Republic of Iran and Canada.
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).
Note: Any opinions, news, research, analysis, articles and other information provided on this website, by Forexology, in email from Forexology or contributors, is provided as general market commentary or overview and does not constitute investment advice. Errors and omissions may occur. Forexology will not accept liability for any loss or damage including, without being limited to, any loss of profit, which may arise directly or indirectly from use of or reliance on this data.
©2016 Forexology All Rights Reserved.