The globalization of Currency Trading

This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007.

The author is Dar Wong. He has 18 year of trading experience in global futures and Forex markets. His past employment as a floor trader involved Bank of America, Bankers Trust, Barclays ZW and S.B. Shearson Citigroup. Now, he is serving as a hedge advisor, coach and also trading on his personal account, besides writing as a Forex columnist for newspapers.

• Dar Wong discusses trading Forex as a business opportunity. First, he discusses the terms and nuances of trading Forex currency pairs and then shares the personal tools that need to be developed to become a successful currency trader

Since the turn of the new millennium, ‘Globalization’ has come to affect most commercial enterprises. Businesses face stiffer competition from faster communications, but reach a wider consumer base for this same reason! As a result, only those who are productive, fast and efficient will survive in their trades.

The new modern economy has reached a turning point. Today, many businesses can be operated profitably from home. Many businesses can also be highly profitable with low capitalization and scarce labor! In other words, one does not need to toil and sweat for long hours to achieve the linear results by investing the same amount of effort.

• Read the whole article