Tuesday, 9 December 2014

Online Forex Trading – Some Interesting Facts

Did you know that the Forex market (foreign exchange market) is the most widely trading market in the world?  Over US$4 trillion is traded on a daily basis. This is a phenomenally huge figure… so large that it is almost impossible to comprehend it. Let’s break it down a little…

If you had $1 million dollars, made up of one million individual $1 bills, then the stack would reach a height of 358 feet. That’s about the height of a 30 – 35 storey building.  That’s impressive!  Now let’s imagine that you had $1,000,000,000,000. That’s $1 trillion. That stack, if made up of individual $1 bills would reach a height of 67,866 miles. That’s just over one quarter of the way to the moon. If $4 trillion is traded each day, then that is enough to stretch all the beyond the moon! 

When you read these figures, it’s easy to see why the Academy of Financial Trading spends most of its time managing people’s expectation. It’s too often that people aim for the moon… it’s too often that potential traders believe that trading the financial market is easy. 

For those who are learning to trade, it needs to be pointed out that it is not easy. It needs to be emphasised that training is required.  It needs to be shown that a proven trading strategy is a pre-requisite to successful trading. If you are not sure whether you have a trading strategy or not, then you simply do not. 

We can help. We provide our students with the best trading courses available. We provide an honest, realistic and straight-forward education, focussing on continuous and conservative returns. This is what we excel at – this is what our traders excel at. 

One more interesting fact… if you had one million dollars and simply had to spend it at a rate of $20 per second, your $1,000,000 would be gone in 13 hours and 48 minutes. If you had one trillion dollars, and had to spend it at the same rate, it would take 1,585 years. Now that’s impressive!

No comments:

Post a Comment