The Forex Market trades an estimated $1.5 to $2.5 trillion a day. No one really knows what the actual figure is because there is no central marketplace for keeping tabs on all of the forex transactions around the world. The forex market is massive, dwarfing the $30 billion a day traded at the New York Stock Exchange. In fact, forex trading exceeds the combined volume of all the major exchanges trading equities, futures, and other instruments around the globe.
Although professional traders implementing sophisticated strategies account for most of the trading in the huge forex market, participation by individual traders has grown tremendously in recent years with the proliferation of the Internet, enhancements in personal computers and trading software, the launch of dozens of cash forex firms taking advantage of online trading, and the globalization of markets in general. The introduction of the euro on January 1, 1999, and the weakness of the U.S. dollar after peaking in 2001 also contributed to the surge of interest in forex trading. Increased numbers of individual traders became aware of the role of forex in global markets with an eye toward profiting as currency trends unfolded.
Why Forex Trading?
The first question you may have is, “Why trade forex? Is not forex something that interests only bankers and big money managers?” The answer is simple: No, it is not a privilege of bankers. Anyone can earn from this huge Market!
The main characteristics of forex trading are: Diversification, Global Market, Twenty-four-hour Trading, Electronic Trading, Liquidity, Leverage, Simplicity, Active Price Movement.
How can we make Accurate Forex Predictions?
Historically, the methods that have been used by traders to analyze financial markets in an effort to identify and forecast the direction of price trends have been divided into two distinct approaches: Fundamental Analysis and Technical Analysis.
For many years we tried to analyse the way the Global Market "behave". We have now prooved that markets are interrelated and that development in one market is likely to have repercussions in other markets.
This is the heart of what is called Intermarket Analysis.
We have also managed to define the correlating Markets as well as the coefficients of correlation. This scientific Analysis guarantees the reliable prediction of the tendencies of Global Market and especially the Forex Market.
Although professional traders implementing sophisticated strategies account for most of the trading in the huge forex market, participation by individual traders has grown tremendously in recent years with the proliferation of the Internet, enhancements in personal computers and trading software, the launch of dozens of cash forex firms taking advantage of online trading, and the globalization of markets in general. The introduction of the euro on January 1, 1999, and the weakness of the U.S. dollar after peaking in 2001 also contributed to the surge of interest in forex trading. Increased numbers of individual traders became aware of the role of forex in global markets with an eye toward profiting as currency trends unfolded.
Why Forex Trading?
The first question you may have is, “Why trade forex? Is not forex something that interests only bankers and big money managers?” The answer is simple: No, it is not a privilege of bankers. Anyone can earn from this huge Market!
The main characteristics of forex trading are: Diversification, Global Market, Twenty-four-hour Trading, Electronic Trading, Liquidity, Leverage, Simplicity, Active Price Movement.
How can we make Accurate Forex Predictions?
Historically, the methods that have been used by traders to analyze financial markets in an effort to identify and forecast the direction of price trends have been divided into two distinct approaches: Fundamental Analysis and Technical Analysis.
For many years we tried to analyse the way the Global Market "behave". We have now prooved that markets are interrelated and that development in one market is likely to have repercussions in other markets.
This is the heart of what is called Intermarket Analysis.
We have also managed to define the correlating Markets as well as the coefficients of correlation. This scientific Analysis guarantees the reliable prediction of the tendencies of Global Market and especially the Forex Market.
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