Forex crisis

As the global economic crisis has affected the work of the foreign exchange market Forex?

Economic collapse, destroying the financial system, the collapse of the world economy over the last year taking place in the world, touched every sphere of human activity. About the causes of the crisis has already said very much, but for us it is important primarily its implications.

First of all, the economic crisis has manifested itself in inflation, the rapid increase in unemployment, a catastrophic rate of reduction in wages (almost double), the reduction in share prices, falling demand and, consequently, a decrease in commodity prices (almost 4-fold).

Against the backdrop of these developments, financial markets in particular, and the Forex market, are facing difficult times. Although, if we take into account that the Forex trade currency, which is always and everywhere to go, in spite of everything, but, nevertheless, the current crisis was reflected in the Forex market from two sides: positive and negative.

Let's start with the negative side for the Forex market. The main feature of which is that events on the trading platforms are developing rapidly and so quickly that not all traders can work in such a frenzied, intense pace. What it involves? First of all, the news policy of many countries: presidents, prime ministers, finance ministers, time and again stun the audience loud statements about the price forecasts, strategic economic decision-making, etc. And we know that the slightest statement, even if not always reasonable difference may affect the rate of pairs of currencies. Hence, their movement is very difficult to predict.

In such a situation to make the right decision, without risking their capital, it is quite difficult. Many beginners and experienced traders not to deal with so much information and lost. In such a difficult time, it must be mobilized, as a win-witted. The latter were able to adjusted to the rhythm of a continued successful and profitable in the Forex game.

How does the current crisis could positively affect the Forex, you ask? While the Forex market, as it is central banks, commercial banks, investment banks, brokers and dealers, pension funds, insurance companies, multinational corporations are in a difficult situation on the stock market in general, there is a prolonged decline. Forex market is continuing to work, and it is stable and income. Traders sold, and traded successfully and well. This is due to the fact that the difficult conditions of financial market in the fall of one currency is the growth of other currencies. In some cases, quotations vary quite natural projections. Although there are exceptions. Currency is the commodity that need anytime, anywhere!

Thus, of the above written we can conclude that the global financial crisis forex market not only suffered, but also benefited. In these difficult financial conditions, leverage the data management processes have proven effective and more efficient, as evidenced by the profit participants in the market Forex. Sam I know some traders who receive several thousand dollars a week! In Forex, some people see a way out of crisis. The only thing that not all market participants were able to adjusted to the new conditions of work in the market, which has managed to stay afloat.