FOREX MARKET

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The FOREX can be put at the head of all other markets. At FOREX, the key players are central and commercial banks, which constantly exchange one currency for another. Each transaction on FOREX occurs for a justified reason. As a rule, such a reason is the need to service trading operations in the commodity and stock markets. But often banks, having surpluses in foreign currency accounts, are not averse to using them to obtain speculative profits from exchange transactions. Exchange rates, as well as the price of bank gold and silver, are formed on FOREX.To get more news about advance stox, you can visit wikifx.com official website.The man who beat the Bank of England. Initially, he collapsed the pound, having bought 15 billion German marks, holding a short position against GBP during the summer of 1992. And then, when the price reached the bottom of the market, he bought up a depreciated British currency. Soros earned more than $1 billion a day, thanks to his strategy and included in the textbooks on stock trading.Every student in the Faculty of Economics knows that a key feature of resources is their ability to run out. For this reason, goods such as oil, gas, copper, aluminum, coffee, sugar, soy, and many others are constantly growing in price. And this is not surprising. After all, global production growth does not keep pace with the growth rate of the Earth’s population. According to UN forecasts, the population of our planet will exceed 8.2 billion people already in 2030. However, despite the invariably rising vector of the cost of goods and raw materials, their prices are subject to fluctuations caused by seasonal factors, temporary overproduction, shortages or the introduction of new technologies.Andrew Hall is an “oil god“, an American trader who has earned more than $100 million in the purchase and sale of oil. Hall was closely following what was happening in the world. He managed to predict that Iraq would attack Kuwait, one of the world’s major oil producers and exporters. After 15 years, he saw the impending crisis of 2008 and again made money on oil. Now, Andrew Hall is considered the most successful oil trader of his generation.
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