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?

Many consider the year 1880 A.D. to mark the beginning of modern foreign exchange. The reason for this is that it was during this year that the gold standard was first introduced.

Word of the day
"Tick" - The difference between the current market price and the last-quoted market price.
Pro Tip

Try to stay away from bucket shops.

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