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 The global financial crisis shook things up all around the world in the past three years. The crisis began in United States and spread later all across Europe and Asia. Practically all global, regional and local markets were affected from the financial market to the food market. The effects of this huge global crisis were felt in all economic branches, the world economy facing recession. Many analysts were skeptical about when the crisis will be over, but the 2010 brought the first signs of recovery.
In most markets the total volume of transactions fell substantially just like the prices. Let’s take for example the real estate sector where the prices fell sharply and the number of transaction decreased everywhere around the world. Unlike all other sectors the foreign exchange market, also known as forex, did not diminished. Before the 2007, forex was continually growing both in volume and number of transactions. During the global financial crisis the foreign exchange market continued to grow but a little bit slower. The daily turnover on forex is now 20% higher than the 2007 daily turnover so the impact of the global crisis was insignificant. It’s well known that the best time to build up a fortune is during crisis when everything goes lower than the right price. If you know how to speculate the moves of the market you can win a lot of money. But you must be very well informed so you can predict the changes that could be very profitable. The internet played an important role in the forex expansion by making forex trading accessible to practically everyone who has an internet connection. The number of internet users is growing each day so is expected that the number of online traders to do the same even if not in the same proportion. |
