Product Review: FXCM Trading Station II & GFT DealBook 360 by David Penn
They say that success has many
fathers. If so, then it is
understandably difficult to
point to a single reason why foreign exchange trading has become
so popular in recent years.
The collapse of the US dollar that
began early in 2002 gave new life to
number of international currencies.
Given the incredible run many of these
currencies have seen in recent years,
it is often hard to recall that the euro,
for example, was once worth only 85
cents and the object of ridicule by
many financial observers. Or that the
Canadian dollar, which until recently
was moving swiftly toward parity with
the US dollar, not so long ago traded
as low as 62 cents.
But technology has definitely played
a role. In the same way that technology
helped stock trading become
increasingly accessible to everyday
retail traders during the latter half of the
1990s, so has technology brought
market like forex to the trading attention
of those who never could have
participated as little as 10 years ago.