Stocks & Commodities V. 25:10 (77-81): Product Review: FXCM Trading Station II & GFT DealBook 360 by David Penn
Product Description
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.
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.
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