FOREX Facts

• The FOREX market has been the sole domain of major banks, large financial institutions and central banks, such as the U.S. Federal Reserve Bank. The substantial profits made annually by these institutions from trading in the Foreign Exchange market are now offered to you.
  
  
• The increase in global trade and foreign investments has made the economics of all countries more dependent upon one another.
  


• A country's currency fluctuates as a result of economic activity. Economic factors usually affect a currency by altering the interest rate structure. These will either appreciate or devalue the currency and reflect the monetary health of that country.
  
  
• Some banks allocate as much as 20-30% of funds into FOREX making 40-60% of all their profits trading currencies. In the August 1994 issue of International Finance Magazine, Charles Sanford, Chairman of Bankers Trust, expressed his opinion that by the year 2020, banks will cease their loan transactional business, and focus on currency trading as their primary revenue source.
  
  
• The American public have been oblivious to FOREX for one simple reason, and that is until recently, the currency market was simply financially inaccessible for the general population of investors and traders, and the minimum account requirements were beyond the resources of the average individual investor. Since then, the situation has changed, instead of a minimum of $200K; accounts can be opened for $10k.