Product Review: ForexNews Charts & News by David Penn
Foreign exchange trading is hot, hot, hot! Of course, in
the post–Nasdaq bubble era, that kind of enthusiasm
about a market — any market — is rightfully considered with a little skepticism. But ever since the foreign exchange markets were unleashed in the 1970s, interest in trading the currencies of the world has only
grown. The fortunes of the yen, the legend of George Soros and the British pound, the introduction of the euro, and even the recent woes of the US dollar
are just a few of the reasons traders have been turning toward the world of forex. With daily average net market turnover of about $5 billion in 1977, according to
Keith Long and Kurt Walter’s Electronic Currency Trading For Maximum Profit, daily forex trading averaged $1.5 trillion by 1998.