Trader's Glossary

Black Wednesday

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
"Expiration Date" - The last day that a futures or options contract is valid.
Pro Tip

pip value in quote currency = pip in decimal places X trade size

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