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Forex soars to $3.2 billion a day

  • Post #1
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  • First Post: Sep 25, 2007 12:13pm Sep 25, 2007 12:13pm
  •  cesarnc
  • Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,666 Posts
Currency Trades Soar to $3.2 Trillion a Day, BIS Says (Update1)
By Kim-Mai Cutler


Sept. 25 (Bloomberg) -- Foreign-exchange trading rose 65 percent to a record $3.2 trillion a day on average, led by growth in hedge funds and foreign investors, the Bank for International Settlements said in its triennial survey.

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Nice job guys
  • Post #2
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  • Sep 25, 2007 12:56pm Sep 25, 2007 12:56pm
  •  Big Wave Rider
  • Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
Thanks, I try to do my best. Still working on moving it up to 4 trillion per day
Just Trade It
 
 
  • Post #3
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  • Sep 25, 2007 4:05pm Sep 25, 2007 4:05pm
  •  cesarnc
  • Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,666 Posts
Oh boy... just noticed I took out 3 "zeros" from the title...

3.2 TRILLIONS, not BILLIONS, of course....
 
 
  • Post #4
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  • Sep 25, 2007 7:45pm Sep 25, 2007 7:45pm
  •  peterM
  • | Joined Sep 2006 | Status: Member | 995 Posts
It was around 1 tril when i started, I didn't know I had made such a huge impact
 
 
  • Post #5
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  • Sep 25, 2007 8:07pm Sep 25, 2007 8:07pm
  •  Marrethiel
  • | Joined Feb 2007 | Status: Member | 313 Posts
More liquidity for when I turn professional...
 
 
  • Post #6
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  • Sep 25, 2007 8:16pm Sep 25, 2007 8:16pm
  •  bullrock
  • | Joined Jul 2007 | Status: al zahr | 2,820 Posts
Quoting cesarnc
Disliked
Oh boy... just noticed I took out 3 "zeros" from the title...

3.2 TRILLIONS, not BILLIONS, of course....
Ignored
I would be happy to have 1% of the daily turnover in my bank a/c
.
 
 
  • Post #7
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  • Sep 25, 2007 8:55pm Sep 25, 2007 8:55pm
  •  santoso
  • | Joined Oct 2006 | Status: Member | 117 Posts
Don't forget guys, the crocodiles places a lot of traps for us. (bull trap, bear trap, spike, intentional false forex analysis from major big companies, etc). In the end, if we are not really careful, we may lose more than the money that we earn in the forex world. I see this issue as our growing threat.
 
 
  • Post #8
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  • Sep 25, 2007 9:18pm Sep 25, 2007 9:18pm
  •  Gwan
  • | Joined Feb 2007 | Status: Small is beautifull | 1,368 Posts
is that 3.2 trillion leveraged already? oh wait, by contract size, 1 normal lot is $100.000? or it would be considered 1:2 leverage (but it already half filled with bubble)
 
 
  • Post #9
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  • Sep 27, 2007 10:20am Sep 27, 2007 10:20am
  •  chevelle
  • | Joined Sep 2007 | Status: Fund Manager | 22 Posts
Quoting Gwan
Disliked
is that 3.2 trillion leveraged already? oh wait, by contract size, 1 normal lot is $100.000? or it would be considered 1:2 leverage (but it already half filled with bubble)
Ignored

LOL! no kidding.
 
 
  • Post #10
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  • Last Post: Sep 27, 2007 10:25am Sep 27, 2007 10:25am
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
like they say..."fresh meat!!!"
Working towards CME membership
 
 
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