Forex Transactions and Wall Street - A Boiled Down Run-down
Approximately 25 percent of large companies that are exposed to foreign currency fluctuations don't do anything to hedge their risk. Larger companies however do hedge in the currency markets.
Consider a large company with an international reach when the dollar is strong within the reporting period. You'll find that information within the pages of a Wall Street Journal subscription. Foreign revenues that are large could lead to negative results without market hedging strategies.
By some estimates, five to ten percent of Forex activity is the result of pure hedging activity by governments and business. The rest of trading activity is blatant speculation.
The foreign exchange markets have been the playground of governments, corporations, banks as well as high-profile traders such as Warren Buffet and George Soros. Many speculators have made consistent net profits. For instance, George Soros "broke the Bank of England" by shorting the pound and walked away with a cool $1-billion profit in a single day.
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.
Day traders move in and out of trades several times a day capturing a portion of the profit. Large Wall Street companies employ thousands of professional traders that take advantage of daily fluctuations.
There are many financial news services to choose from. The Wall Street Journal's reputation for acute accurate market coverage is legendary. In order to stay abreast of the constantly changing financial landscape, it pays to subscribe to the Wall Street Journal. - 23200
Consider a large company with an international reach when the dollar is strong within the reporting period. You'll find that information within the pages of a Wall Street Journal subscription. Foreign revenues that are large could lead to negative results without market hedging strategies.
By some estimates, five to ten percent of Forex activity is the result of pure hedging activity by governments and business. The rest of trading activity is blatant speculation.
The foreign exchange markets have been the playground of governments, corporations, banks as well as high-profile traders such as Warren Buffet and George Soros. Many speculators have made consistent net profits. For instance, George Soros "broke the Bank of England" by shorting the pound and walked away with a cool $1-billion profit in a single day.
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.
Day traders move in and out of trades several times a day capturing a portion of the profit. Large Wall Street companies employ thousands of professional traders that take advantage of daily fluctuations.
There are many financial news services to choose from. The Wall Street Journal's reputation for acute accurate market coverage is legendary. In order to stay abreast of the constantly changing financial landscape, it pays to subscribe to the Wall Street Journal. - 23200
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posted by X - Men @ 1:44 AM
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