How The Currency Market Stacks Up
I was reading an article in e-FOREX magazine. It was talking about a survey that was taken that highlights the activity of the foreign currency market. It said “Did you know that the market in daily Foreign Exchange volume is bigger than those of OTC Interest Rates, Us Treasuries, Us Equities and Europe, Middle East and Africa Equities put together?” WOW that is big.
The Daily traded FX volume has more than doubled between 2001 and 2007 but an increase by some 50% between 2007 and 2010 might once again still be expected. This will be largely due to the growing importance of Foreign Exchange as an asset class.
The article went on to say besides classical FX trading there is a growing importance of emerging market currencies. The most important emerging market currencies are the Hong Kong Dollar, Polish Zloty and South African Rand.
What we gathered from the Article is that the currency market is well and strong. We already know that it is a fun trade. So Learn and trade well.
Tags: currency market, forex, Forex market, forex strategy
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