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?
In terms of trading volume, the FX market is by far the largest market in the world.
Word of the day
"Boiler Room" - Initially used in reference to fraudulent brokerages set up with the purpose of offloading unwanted securities of the firm’s owners, the term is now synonymous with companies that employ high-pressure selling tactics while also misrepresenting the products that they offer.
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.