New Forex Trading System Gives Average Traders The Edge
April 05, 2005 Business News(PRLEAP.COM) Trading in foreign currency has become one of the most lucrative businesses in the world. The Forex market has become the world's largest financial market with over 1.5 trillion USD traded daily. Forex is part of the bank-to-bank currency market known as the 24 hour Interbank market. The Interbank market moves from major banking centers of the United States, Australia, New Zealand, the Far East and Europe.
Until recently, the average investor could not participate in the Forex market due to large minimum transaction sizes and stringent financial requirements. Banks, Hedge Funds and the occasional high net worth individual were the major participants. These large traders were able to take advantage of the many benefits offered by the Forex market vs other markets including incredible liquidity and the strong trending nature of the world's primary currency exchange rates.
"I have professionally traded stocks, options, futures and foreign currency for over 10 years." says David "Forex allows the most leverage (1% margin compared to 12-50% for stocks and futures) and has the most liquidity and volatility. Smaller transaction sizes and a lower minimum account balance levels the playing field between the individual speculator and the major players that once dominated the market. My book reveals a simple forex trading system that is used by professional traders.” Learn more http://tinyurl.com/4wsgn
About David C. Arena
David C. Arena has traded for Morgan Stanley Dean Witter and TD Waterhouse. He has also been a professional foreign currency and commodities broker and has been on the floor of the New York and American Stock Exchanges. He currently only trades for his own account and does not handle any retail clients. This is the first time Mr. Arena is sharing his strategies and secrets that have allowed him to prosper long term as a professional currency trader.
For more information, please visit http://tinyurl.com/4wsgn