Did anyone notice the panic selling out there?All kinds of carry trades unwound several hundred points in a very short period of time. Speculation in the Forex news rags suggests that losses due to the falling stock exchanges forced people to unwind their carry trades to cover their margins.In any case, after days of regimented downward movement, the sudden fallout represented a panic moment -- for someone. In the short term, at the very least, this should represent opportunity. I've stuck my toe in.
ReplyDeleteNew to forex?
Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in
the world. Simply put, it’s how individuals and businesses convert one currency to another.
FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities
there’s no central exchange. Instead, currencies are traded by a global network of banks, dealers
and brokers, which means you can trade any time, day or night, Monday to Friday.
FX prices are influenced by a range of different factors, including interest rates, inflation,
government policy, employment figures and demand for imports and exports.
And because of the sheer volume of currency traders and the amount of money exchanged, price movements
can happen very quickly, making currency trading not only the largest financial market in the world,
but also one of the most volatile.
generation
mlm
forex
money
game