The History Of Forex

When foreign trade began, it was not an international trade market. It was borne out of the Bretton Woods agreement in 1944, which set forth that foreign currencies would be fixed against the dollar, which was valued at $35 per ounce of gold. This precedent was first put into practice in 1967, when a bank in Chicago refused to fund a loan to a professor in sterling pound. Of course, his intention was to sell the currency,...

Who Moves the Forex Market

It is true that the Forex market is the largest market around the world not just in terms of average daily turnover and average revenue per trader. It is also the largest market in terms of participants. Banks They are not just for saving money and lending capital to entrepreneurs, but they are one of the major players in Forex market. Banks cater both to large quantity of speculative trading and daily commercial turnover....

10 Advantages of Trading Forex

There are several advantages of trading in the Forex market that is superior to the stock market. They are listed below. 1. 24 hrs a day – The Forex market is open 24 hours a day. Due to this, there is always a suitable time for anyone around the world to trade. Unlike the stock market which operates only during working hours, Forex allows office workers the opportunity to trade after returning home from work. 2. No...

Is It Easy to Make Money in Forex?

Yes, it is easy to make money in Forex. But make no mistake; it is much easier to lose money in Forex. I’ve read from many sources that over 90 percent of Forex traders lose money in the Forex market, and the rest are profiting off these losing traders. I suspect this to be very close to the truth. The good news is – it is definitely possible to be on the winning team. The bad news is – it will take a lot of learning...