If the world goes into recession, what happens to trading Forex?

well, even if this happens, we can still make money. there will always be differing exchange rates until there is a global currency or fixed exchange rates (which is highly unlikely). this will probably never happen because people just can get along. so we are fine. if the world goes into a major financial crisis, at least we forex traders will be doin just fine.

Will be no changes !!

Blacksun sounds ignorant, or a Jack of one trade. A global Currency is most defenitly not that far fetched. We have been staring down that barrel for awhile.

A recession is not the worst thing, all that means is there is negative growth. So if house sales are -2%, that doesn't mean the stopped selling houses, just not as many as last year. Now, if they came out and said 'we sold no houses this year', then that would be a problem to those selling houses. Recessions come and go about every 10 years, and unlikely that all countries would be in a recession all at once. Recession or not, there's still people that can't pay their bills, a recession sometimes just means there are more people that can't pay their bills, or it is just harder. Those that can pay their bills will still be able to use the internet and trade forex, move in with their parents or a friend, and maybe borrow a computer.

so how much of a danger is there that we will see a unifed world currency?

Wouldn't that be a legestic nightmare for governments and banks around the world to adopt?

How long did it take for the EURO to be born?

Couple of years!

i dont think it will happen. if it does, just go long on corn.

the other thing is that if a person can do well at FX trading then they should be able to adapt and and do well at stock and futures trading etc

If the US situation gets much worse and there is a flight from dollars the US authorithes will be at monetary policy crossroads. Could they well revert to a gold standard if so then FX trading will be doomed - although unlikely to happen

flight from the dollar into the euro as world reserve currency is probable in the future at some point, since the US do not want to improve their worsening current account balance