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Market Trends

The foreign exchange market originated in the repeal of the Bretton Woods Agreement in 1971, when currencies were first floated independently of the gold standard and independently of each other. Since then, forex has become an important tool for governments, institutions, and retail traders to assess a country’s economic strength.

In the last 10 years, computer technology has brought foreign exchange to the individual investor as never before. Whereas in the 1980s forex transactions occurred exclusively between players on the interbank market, the ability to instantly provide clearing services to online individual investors and traders enabled the rise of retail forex trading.

Retail forex trading now accounts for approximately 10% of global forex transactions on any given day, representing about $150 billion in daily turnover as of 2010.

This rapid growth is based on the democratization of currency trading that has occurred with the advent of online trading. Anyone in the world, at any time, can log on to a forex broker platform and place a trade. At the same time, traditional investors-with experience in stocks, commodities, futures, etc., are switching to forex due to the superior liquidity and added volatility that traders seek in order to maximize consistent profits quickly.
 
 
 

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Please be advised that the products and services offered by Dana Corporation, and described on www.fxdana.com, are not being offered within Canada, Australia or the United States, and are not being offered to U.S., Australian and Canadian residents or citizens, as defined under applicable law.

RISK NOTICE: Trading in over-the-counter international currencies, CFDs and options involves an extremely high degree of risk of loss and is not suitable for many people. Investors can, and frequently do, lose part or all of the funds they trade. An adverse price move, or other factors, can cause such losses. The use of leverage or options can substantially increase the risk of loss. Only the assumption of risk of loss gives rise to opportunity to profit. Carefully read our separate Risk Disclosure statements before depositing any funds and only use funds you can afford to lose.

* The high degree of leverage that is obtainable in foreign exchange trading can work against you as well as for you. Leverage can lead to large losses as well as gains.