(Recorded 10/17/10) When the stock market turns, currency pairs in the Forex market follow almost simultaneously. Some Forex traders constantly watch the Dow even on very short time frames to either predict or confirm the movement of Forex pairs.
When recession hit late last year, David Fisher knew his real estate investment was doomed. So did several investors who are into stocks, emerging markets and other assets. With their investments on the verge of crumbling, they all turned to the most liquid market in the world–Forex or currency market. Thomas Cardenas*, a former Philadelphia mortgage broker turned to online Forex trading from his home upon discovering that he could make a living from his passion for the financial markets. “I saw the market’s potential so I decided to jump into it full time,” he said. And with reports that Forex trading is immune to the financial crisis, these small investors got even more thrilled.
Boulder, Colorado (Trading Mastermind) — Colorado based Trading Mastermind, a premier source of trading knowledge and interaction amongst its worldwide trading community cites that the global economic crisis is, in fact, a reason to be more interested in Forex trading because it is one of the only businesses that provides the same opportunity through any economic conditions.
