he keyword was FX. When I within one day is especially felt
was studying to be an MBA as there is a serious cost of
in Information Systems and carry and that margins need to be
Finance, I came across the marked to the market at the end
wondrous world of FX. Which is a of each trading day.
fancy term for Foreign Exchange.
At this point of time, I must
Old timers keep insisting on mention that in foreign currency
calling it currency. markets, there is really no "end
What I found specifically of a trading day." As the earth
interesting about the forex rotates, there is someplace
market is the fact that some somewhere on the globe that is
players must necessarily just encountering sunrise at any
participate in them. Compare that given point of time. All the
to the stock market where same, there are a few major
everyone is a willing markets, London being at their
participant. In the marketplace center, where currency deals take
for foreign exchange, there are place in the largest numbers.
players such as banks that need
Back to trading related
to participate, as they have to discussion: foreign currency
clear international deals and dealers are constantly on the
international currency lookout for situations where the
transactions.
pigs, i.e., people who must
This creates a huge market of trade, will somehow subsidize
opportunity for the trader. Like their trade and help them turn a
in any moderately sophisticated neat little profit. This piece of
trading floor, the objective wishful thinking has made many a
remains the same: find deals that trader's life unhappy, but at the
can rapidly be converted into same time, I know of dozens of
winning positions, usually within rather disciplined
the day. This need to square off trade-professionals who have
built themselves a neat little Well, the rise is going to be so
fortune trading in these Dollars, little and over such a long
and Pounds, and Yens, and Euros, period of time, that I will not
and Rupees, and Cruzeros, and god be able to make any real trading
alone knows what other opportunity based on my forecast.
currency. And if you are reading this,
And if the word dollar is very please note that I am not giving
familiar, remember there are many you professional advice, but
dollars to contend with. Are we rather, thinking aloud.
talking about the dollar from the
I hope that this article has
United States of America? Or is given you some food for thought
it from the down under Australia? on forex trading.
Or is it emblazoned with the
roaring lion from Singapore?
writing this article at the very align="center">
end of 2007. I can bet that the
Indian Rupee will continue to secularly rise against the US type="text/javascript">
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Article Tags: currency, foreign, trading
