Tuesday, June 24, 2008
Forex is the coolest thng 2 do
The general forex market is fascinating to analyze- 3 trillion dollars a day is being traded daily with all major banks and financial institutions trading and watching every second. Then there is the smaller part- the retail forex trader, a phenomenon which is becoming more and more popular these days. I find this aspect of the market really interesting. Who is trading in the retail market? It seems that its not the bankers or financial advisers but the average “Joe Shmoe” and the Nigerians. That graph shows us some very interesting things about forex traders …people are becoming more aware of it and many of them are not located in the U.S.
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