Difference between Well Formed XML and Valid XML? What is Broken Xml?

1) Well Formed XML documents are the one  that meets all the well-formedness constraints given in this specification.
XML document are well formed if they are syntactically correct
i.e. An XML document with correct syntax is called "Well Formed".

2) Valid XML A Well Formed XML is a valid XML, when the well-formed XML document follows the rules (document structure and rule) specified by the XML Schema or DTD.

An XML document validated against a DTD,  Schema is "Well Formed" and "Valid".
Valid XML document is implicitly well-formed, but well-formed may not be valid

3) Broken XML documents are simply those which fail to follow the rules required for a document to be either well-formed or valid.

Basic rules of syntax

1) Every open tag must be closed.
2) The open tag must exactly match the closing tag: XML is case-sensitive.
3) All elements must be embedded within a single root element.
4) Child tags must be closed before parent tags.
5) A well-formed document has correct XML tag syntax, but the elements might be invalid for the specified document type.