Trader's Glossary

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.
Did you know?

The market share of the top 10 FX players globally reaches 80%.

Word of the day
"Rollover" - Used in reference to keeping a position open overnight without it being settled.
Pro Tip

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.

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