Crazy Facts about Forex Plus Forex Megadroid

Just wanted to go over a few things about Forex trading since it is the weekend and there isn't much economic news out. I'm just going to go over some fact that may surprise you about Forex:

1. The Forex market is the largest market on the planet by far. On an every day there are over $3.5 trillion in transactions. Yes that is $3,500,000,000,000!
2. Banks are estimated to have 20-30% of all their cash trading in the forex markets. It is estimated that 40% of their profits come from trading forex.
3. The Forex Market has grown over 700% in the last 20 years.
4. Some experts think that some banks will switch over entirely to forex trading since it has been shown to be more lucrative then that of lending. I doubt this will ever happen though.
5. An individual can trade $100,000 in currency with only $1000 in cash. This is called 100:1 leverage which is allowed because of the rather tight movement of currencies.
6. Unlike the stock market the forex markets are opened 24 hours a day, 7 days a week.
7. There are 2 markets for demand, the traders, and the actual buyers of the currencies such as travelers and business entities.
   

Now, There are tons of strategies and systems people create, prove to work and then sell. Systems like Fap Turbo, Forex MegaDroid, and others have all been shown to make profits to some extent. Having said this, if you are a good trader you can come up with your own strategy that works best for you. So next time you see one of those ads on TV about Forex trading, you have some incite about what it is.