Get ready traders because I’m about to tell you something that no one…not your broker…not a Forex robot…not a systems trader…or even your know-it-all Wall Street brother…will tell you.
The fact is that Forex trading as you know it, is dying a slow miserable death. In fact, it signed its death warrant 17 years ago when the market opened their doors to the retail public and flooded the market with new FX traders.
A few years back, I went to college here in the U.S., but I would still fly home every summer to spend some time with my family in Brazil.
I find it interesting (and a bit disturbing) that once again the dollar’s decline is on everyone’s radar.
“Investors at all levels, from retail investors to central banks, are really diversifying their portfolios,” Bloomberg reported this morning.
In other words, everyone from central bankers down to Mom and Pop investors are dumping dollars and buying gold and other currencies instead.