HISTORY OF FOREX
The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion -- 30 times larger than the combined volume of all U.S. equity markets.
"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.
For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
A true 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, 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 occur - day or night.
4XFX founded by Fabio Lio in 2003 in Toronto Canada.
Formly worked in the banking industry within the IT field. Exposed to trading depts in the banks and stumbled across the FOREX world by chance. Began to trade and program in Metatrader platform for the past 8 years based on what I saw and learned from other insider traders from the banking world.
Now has developed a sucessful product called MULTI BROKER TRADING EA.
Have try for sucess with my software. Email me any questions.
This EA will scan the FOREX market by looking for inefficiencies and exploiting them for a profit.
The EA will trade from 2 seperate MT4 brokers. Looking for price differences between broker and
buying low and selling high for a true NO RISK profit trading.
This will only work on non US MT4 brokers .You will need to find 2 brokers with low spreads,
one lesser than the other and with no commissions
