Sat 9 Jan 2010
Who are Forex traders who are the people who participate in the Forex market?
Central Banks
The central bank of a country is the institution that creates the currency of that country and offers her money. For example, the central bank of Singapore, the MAS (Monetary Authority of Singapore).
For a long time, it was only the central, commercial banks in Forex.
Commercial banks
These banks asDBS, our customer, UOB. Commercial Banks Forex trading for one reason. What do you think, why? Nonprofit. Now here is a fact that might interest you. Commercial banks are the ones who tell you "Do not Forex trading is very risky."
Can I ask you, if you deposit $ 50,000, you think that went? What do you think they do with the money?
Yes, I am with some of your money to trade in the foreign exchange market … Did you know that up to 60%income from a bank Forex? This is even more home loans and auto loans.
By the way, if Forex is risky, I break this myth when it comes to my preview. Click here for more information.
Large multinational companies / importers / exporters
Let a big MNC – Nokia.
Nokia is based in Finland. If you buy a Nokia phone in Singapore, do not pay money in Finnish, but the Singapore dollar. If you are a Nokiaphone in Malaysia, you pay in Ringgit Malaysia.
Every year, when Nokia reminds all of their funds back to close their financial year to participate in the Forex market, because all that money back to the Finnish currency to convert. As long as importers or exporters or large corporations around the world, remember when to return and solve their financial documents, forms of participation in the Forex market.
Hedge Funds
A hedge fund isa private investment fund open to a limited number of investors. Hedge funds participating in the Forex market for one reason. Guess what is that reason? Wow, you're smart! Yes, time is profit.
Here's an interesting fact. In 1970, Jim Rogers has established a fund called the Quantum Fund, with the now legendary billionaire George Soros. During the first ten years, the fund better than the S & P 500 of 4,600%. Has made them multi-millionaires.
Jim Rogersstay in Singapore today, and gave two reasons why he chose Singapore.
The first reason is of Milan is the 4th largest financial center in the world.
Second reason is Singapore is an Asian country that speaks Chinese.
This is because it provides, as many agree that in the next 10 years we will start with the largest transfer of wealth in modern history can be seen from the west to Asia. And he who lives in Asia, now is the best place for theit.
Travelers and tourists
This is probably know already. When we go to another country, we must exchange local currency for them, because we have to spend in their local currency.
Individual speculators – that's you!
The whole world looks to this group of people, people like you and me, I call these people trained individual investors or speculators. These people are armed with only two things: – a laptop computer and an internet connectionconnection, and are making money in the Forex market from around the world.
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