Where currency exchange is most often in the back seat of a car or a dark alley. Also not at the place of money modifier in your home country or abroad. More than 4 trillion US dollars renamed every day in the interbank market. There isn’t even a geographical location. It is in cyberspace where currency exchanges really occur. The interbank market is a currency exchange place between banks, large companies and now foreign currency traders.
“Interbank market” was developed as a result of banks that exchange currencies between each other. Currency exchange is not just a mechanism for banks to balance their books but it is a business activity that makes the biggest billions of dollars every year. Banks such as Citibank produce more money from their foreign currency trading than all other banking businesses. Until 1997, only a few large companies and people like George Soros and Warren Buffet had sufficient money and knowledge to participate in foreign currency trading. George Soros almost broke England’s bank bets against the British pound – and he made billions in just one day of foreign exchange trading.
Today with the development of the interbank and internet market anyone with computers can become foreign currency traders – and thousands of people have now become a “Forex” trader. Where currency exchange now occurs sometimes right in your home, at the dining table or office through a desktop laptop and computer. Although in terms of the volume of money, the amount traded by individuals is massively defeated by foreign currency traders. There is no absence of a rapidly growing home-based currency traders and many people can now make a good income to buy and sell money with their computers from home.
Some very interesting facts have been found about traders. Apparently being successful as forex traders does not require a high level of intelligence. Of course it doesn’t require higher education. It only requires people who are interested in the average ability to spend time learning about the foreign exchange market and developing skills that can be easily learned. This is evidenced by the main trader Mr.richard Dennis who took a group of Average RAW people and turned them into professional traders in two weeks. Another interesting fact is that researchers have found that women make traders better than men. Now some of the world peak traders are women and in general it seems that women lack rash in their trade than men. Hat to women!
This does not mean you have to be a woman to become a successful forex trader – but also help. All jokes on the side – anyone, men or women can get out of their daily work and make good work work only a few hours per week in foreign currency trading anywhere in the world. If you just want to increase your current income or replace it completely, you can do it by entering the arena where currency exchanges occur. However, such gladiators develop your skills first and are equipped with sufficient knowledge and a small amount of capital used to trade.