Trader's Glossary

Broadening Formation

A chart pattern that is observed when there is significant increase in the price movements of a currency pair, yet without a clear direction.
Did you know?

The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.

Word of the day
"Spread Betting" - The practice of betting on the price movement of a specific currency pair without buying or selling it.
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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