In a 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they…
The FOREX market is called an “Interbank” market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options…
The Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) monitor FOREX trading in the U.S. and provide a high degree of requirements and regulation of U.S. brokers.
World currencies are exchanged in large because of international trade. For instance, consumers of one country purchase goods of another country. Also, when large companies do business with other global companies. Global investments and monetary diversification are additional reasons that make the FOREX market move.
The FOREX is one of the fastest growing markets in the world because it offers the average investor leverage* unlike most any market, up to 50:1. Since the FOREX is traded globally through a network of banks and financial institutions 24-hours a day from Sunday at 5pm (Eastern Time) through Friday at 4pm (Eastern Time),…
The Foreign Exchange market, also referred to as the spot “FOREX” market, is the largest financial market in the world, with a daily average turnover of approximately $1.5 trillion USD. Foreign Exchange is the simultaneous buying of one currency and selling of another. Most FOREX trading consists of trades between the U.S. dollar and six…
In 2003, the founder and president of Compass Financial, an experienced, registered futures firm, expanded into the Forex market as Compass FX, an introducing broker for various U.S. and Non-U.S. clearing firms. Our mission was to provide traders with reliable access and support to the foreign exchange market by introducing investors to registered firms trading…
In the previous class, 14, we explained what are reserve currencies and how proof of work (POW) cryptocurrencies such as Bitcoin (BTC) and Ethereum Classic (ETC) will displace current fiat reserve currencies to become the leading forms of money of the future. In this class, 15, we will go over again the analogies of how…
The purpose of Spiral was to bring ETC up to parity with the Ethereum Virtual Machine standard and the Ethereum network. It accomplished this by enabling the outstanding Ethereum Foundation Shanghai network protocol upgrades on ETC. Spiral added support for a subset of protocol-impacting changes introduced in Shanghai. The changes for Ethereum Classic included the…
In previous posts we have explained the many parts of Ethereum Classic (ETC), such as what are nodes, economic nodes, miners, mining pools, hardware nodes, and cloud nodes. We have also explained the importance of these things and how to follow their statistics. However, there are still confusions about the layers of a blockchain system…
