Forex Network and Wall Street - A Boiled Down Version
A large number of commercial companies are actively involved in the Forex market. About twenty-five percent of large corporations hedge against currency fluctuations in this manner.
Any large international company stationed in the U.S. can be adversely affected by a strong dollar. Strong foreign earned revenues can be negatively impacted by currency fluctuations. Information within the pages of a Wall Street Journal subscription will reveal this data.
The daily cycle of converting one currency to another for goods and services account for 5% to 10% of Forex activities as generated exclusively by governments and businesses. The other 90 or so percent is pure speculation.
The foreign exchange markets have been the playground of governments, corporations, banks as well as high-profile traders such as Warren Buffet and George Soros. Many speculators have made consistent net profits. For instance, George Soros "broke the Bank of England" by shorting the pound and walked away with a cool $1-billion profit in a single day.
Currencies are traded 24 hours/day. Since every country has different times the hours when the currencies are most liquid coincide with their daylight hours. The heaviest activity occurs in New York from Wall Street.
The way to make money in the Forex market is by accurately predicting a price movement of a currency pair and investing right before and exiting right after. This usually happens a few times in a day.
Professional Wall Street traders usually use a system that allows them to place trades several times a day. Because they trade several times a day, they are called day traders.
There are many financial news services to choose from. The Wall Street Journal's reputation for acute accurate market coverage is legendary. In order to stay abreast of the constantly changing financial landscape, it pays to subscribe to the Wall Street Journal. - 23196
Any large international company stationed in the U.S. can be adversely affected by a strong dollar. Strong foreign earned revenues can be negatively impacted by currency fluctuations. Information within the pages of a Wall Street Journal subscription will reveal this data.
The daily cycle of converting one currency to another for goods and services account for 5% to 10% of Forex activities as generated exclusively by governments and businesses. The other 90 or so percent is pure speculation.
The foreign exchange markets have been the playground of governments, corporations, banks as well as high-profile traders such as Warren Buffet and George Soros. Many speculators have made consistent net profits. For instance, George Soros "broke the Bank of England" by shorting the pound and walked away with a cool $1-billion profit in a single day.
Currencies are traded 24 hours/day. Since every country has different times the hours when the currencies are most liquid coincide with their daylight hours. The heaviest activity occurs in New York from Wall Street.
The way to make money in the Forex market is by accurately predicting a price movement of a currency pair and investing right before and exiting right after. This usually happens a few times in a day.
Professional Wall Street traders usually use a system that allows them to place trades several times a day. Because they trade several times a day, they are called day traders.
There are many financial news services to choose from. The Wall Street Journal's reputation for acute accurate market coverage is legendary. In order to stay abreast of the constantly changing financial landscape, it pays to subscribe to the Wall Street Journal. - 23196
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posted by X - Men @ 6:11 AM
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