Forex Traffic And Wall Street – A Concise Report

The foreign exchange market (forex, FX, or currency market) consolidates currency trading to one platform. It is the worldwide decentralized over-the-counter financial market for the trading of currencies.

A large number of commercial companies are actively involved in the Forex market. About twenty-five percent of large corporations hedge against currency fluctuations in this manner.

Any large international company stationed in the U.S. can be adversely affected by a strong dollar. Strong foreign earned revenues can be negatively impacted by currency fluctuations. Information within the pages of a Wall Street Journal subscription will reveal this data.

It has been estimated that 5-10% of the activity on the Forex market is done because of business hedging and government involvement. Governments and businesses need to convert one currency into another to buy and sell goods and services. The other 90-95% is pure speculation.

High profile players love the Forex market since they don’t get locked out due to 24 hour trading. The huge liquidity allows for easy inexpensive entry and exit points.

Forex activity is heaviest in New York from Wall Street between the hours of 8 AM to 5 PM and account for about fifteen percent of all trades. Tokyo accounts for about 10% of trades and is most active 7 PM to 3 AM EST.

Making money on Forex is a matter of predicting price and using an effective exit strategy. Many systems exist that allow speculators to capture profits as certain conditions develop.

Successful day traders and professional traders predict moves, place their bet and move out of the trade. They do it several times a day, hence the name “day” traders. Huge Wall Street companies like Goldman, Citi Group and JP Morgan Chase do this every single day. They employ thousands of professionals that do it for them.

The Wall Street Journal offers newswires and Market Watch services from Dow Jones online. You’ll find complete currency data and comprehensive viewpoints to consider. Timely currency news is available to subscribers of the Wall Street Journal.

Finding current financial information you know is dependable and bet on is paramount to investors. Get the Barrons subscription or buy Wall Street Journal subscription now. Barrons, Investors Business Daily and the Wall Street Journal deliver honest, no-fluff news and analysis. Get ahead of the line.

categories: stock market,FOREX market,financial news,news