Forex For All & All About Forex Trading
The Journey to Freedom in a Nutshell
Forex trading is for all. A simple but yet so powerful statement that could change your life forever. Forex trading can be done by students, professionals, pensioners and people from all walks of life. It can be done Full-time or Part-time, if you want to make money online or if you want to build an online business. It can lead you to your financial freedom and make you achieve your wildest dreams. The only thing standing between you and your dreams is you. You have to make the choice and start trading. You have to follow your dreams and achieve your full potential in life. One cannot be creative if he spends his everyday life trying to make ends meet. This website is dedicated to regular people wanting more out of Life.
“It is not the strongest or the most intelligent who will survive but those who can best manage change.” -Charles Darwin
09
Total
Males
08
Females
01
Number of people on the way to freedom
Fun fact 04
Despite Germany being a relatively small forex market, Deutsche Bank is the largest single global forex player, with a 14.6% market share. Citi is close behind at 12.3%, while Barclays comes in at 11%. Overall, the top 10 forex player’s account for 80% of the forex market.
Fun fact 05
While forex trading dates back a long time, modern forex trading only started in 1973. This is the time when the post-WWII Bretton Woods agreement broke down, ending controlled exchange rates and beginning an era of floating currencies.
Fun fact 06
The US Federal Reserve only came into existence in 1908. Before that, any US bank could issue their own money. Talk about lack of control over fiscal policy.
Fun fact 09
We think that exchange rates just move a little, but not if you lived in Zimbabwe in 2008. The currency inflation rate was the worst in history, coming in at around 6.56 sextillion percent. Hopefully, you weren’t long on the currency.
Fun fact 08
Although the US dollar is by far the largest currency traded today, back in the early 20th century, the UK pound took pride of place. Almost half of global forex trading involved the pound sterling in 1913.
Fun fact 12
More than 85% of the global forex market transactions happens on only 7 currency pairs known as the majors (EURUSD, USDJPY, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF)
Fun fact 11
There’s no crisis in the Forex markets. An economic crisis can actually be the best time for forex traders as money can be made in both rising and falling economic situations. All that is needed are rate fluctuations, not growth per se.
Fun fact 02
You might think that the US is the center of forex trading, but you’d be wrong. 41% of all forex transactions happen in the UK, whereas only 19% happen in the US. The rest of the world only accounts for 40%.
Fun fact 01
Every day, about $5.3 trillion are traded on forex markets. With that sort of money, you could afford to buy a decent car for every family in America – and still have enough to buy each of them another one.
Fun fact 03
Back before fiber optics and satellites, stock exchanges in London and New York communicated by a long steel cable under the Atlantic. Because of this, GBP/USD is still called the ‘cable’ today.
Fun fact 07
While we think of currency markets as a relatively new invention, money changers were first mentioned in the Talmud, which dates back to biblical times. The money changers charged a commission, of course.
Fun fact 10
Back in the mid-1990s, the Forex market was exclusive to banks and corporations that could pull together over $40 to $50 million minimum in liquidity. It was only with the arrival of the Internet and development of electronic, online platforms that the market was opened up to the wider audience of retail traders.