In the advent of globalization, “the name of the game” is not money alone. Can we include currency exchange? In historical times, the mode of exchange is by bartering a valuable object with the desired other object. Currently, this may exist informally but vaguely, an item for sale would more or less be worth a sum of money. But as…
Tag: Dollar
Getting Started Into Forex Trading
Forex, also known simply as the “FX,” is the commonly accepted abbreviation for the over-the-counter foreign exchange market. The forex market is the largest financial market on earth. Forex exists on a 24-hour-a-day global network that spans corporate, banking, and individual interests. There is no central trading floor. Currency is traded around the world and around the clock, with fluctuations…
Forex Currency Trading Frequently Asked Questions
What is FOREX? FOREX stands for the FOReign EXchange market, which is an international financial market where currencies are traded. The foreign exchange market began in the 1970s and is now the largest financial market in the world, with an average daily turnover of US$1.9 trillion. That’s thirty times the amount of daily activity on all of the US stock…
Why You Should Trade Forex Over Other Investments
Everyone has heard of stocks and shares, probably even the futures market, but trading the FOREX (Foreign Currency Exchange, or FX) market is a relatively new phenomenon. Until recently, FOREX was the domain of the banking fraternity (large banks can trade billions of dollars daily), and the elite in financial and business circles. But now it is possible for the…
What Is Currency Trading
Currency trading is the largest market on the planet. It is estimated that in excess of US$2 trillion is traded every day. Compare this to the New York Stock Exchange’s daily transactions of approximately US$50 billion, and you can see that the magnitude of the currency trading market exceeds all other equity markets in the world combined. The practice of…
Deal Or No Deal Make A Good Deal With The Bank
Imagine being a contestant on the popular game show Deal or No Deal. You are under a lot of stress and hoping you can win a million dollars. Your heart pounds each time you select a case to open. Then you hear the words that it is time to call the bank and get an offer. What would you do?…
Precious Metals Heat Up Silver Set To Join Gold
For the last two years, I have been purchasing and recommending precious metals against an inevitable currency crisis. Since my last report, gold has added another $50 per ounce and is now topping $600. The gold rally is just getting warmed up, and I firmly believe it will continue at least through 2007. I predict that we will see its…
The Impact Of The Forex
You’ve probably heard traders or economists talk about “the Forex market” dozens of times. Since the late 1990s, it has become somewhat of a financial buzz word. But what does this acronym actually mean? It’s a combination of “foreign” and “exchange”; and it refers to the largest market in the world: which is the market for currencies. Today, well over…
The Dollar Store Franchise Taking The Market By Storm
Have you noticed that one of the aisles in your local supermarket or Wal-mart is now reserved for $1 items? Even though same item, under a different brand name, may be available for a higher price elsewhere in the same store? If so, you’re not alone. Dollar store franchises have been among the fastest-growing segment of the retailing business for…
The Incredible Shrinking Dollar
The Dollar Has Become the World’s Toilet Paper. How Come No One is Worried? Okay. I am not the world’s authority on anything but my 1966 Mustang. But there are those moments when the back of my neck tingles, and I know I’m picking up a bad signal on something. Sort of like what those wild animals must have felt.…