Forex might be extremely popular right now, but it’s not a new thing. Foreign exchange market has been around ever since the first time one currency was traded for another. It’s the oldest and the biggest financial market in the world in terms of number of transactions and their value. Trades between central banks, multinational speculators, banks, corporations, financial institutions and even governments is an essential part of Forex market – but there’s plenty of action for smaller, independent traders as
One of the main factors that has a massive effect on the exchange rates are the news. Yes, the news – not some inside info that only the privileged few have access to. That’s another great thing about Forex market – there’s no inside traders. All Forex traders have the same chances, and in order to get all the relevant info, you just need to keep your ear to the ground and stay on top of the daily news. Some of the biggest, most profitable trades in the history of Forex trading (or any other type of financi
One of the best examples of using current developments in the world to decide on Forex trades took place in 1992. That summer, there was a lot of speculation surrounding England’s monetary and political position. Many experts believed that the European Monetary Union (EMU) was going to reject England, and that would severely affect the exchange rates and the value of the British national currency, the Pound. The founder and CEO of one of the biggest hedge funds in existence, the Quantum Fund decided to take