Forex Trading Fundamentals – The Credit Crunch
Forex Trading Fundamental Analysis…The CreditCrunch – What Happened?
I remember watching the credit cruch unfold and thinking how this could have happened. It was an unbelieveable string of events – I was horrified. So when I stumbled across this post on the New Economist blog it was an interesting read looking back.
Forex trading does ultimately depend on the price quoted for the currency but that price is dependant on many external factors such as economic and political stability.
The New Economist has links to many other sites including the BBC – good all round information. Here’s the link to the story I mentioned.
Let me know what you think…?
Best wishes
Annabel
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While people where looking to the horrific effects of the credit crunsh. Other severely profitted on the demize of the dollar.
Experienced forex traders profitted enormously on the SUPER volatile market and the downtrend of the dollar. Millions where made.
Now Europe is under pressure with Greece pulling the EURO stability downward. The dollar is gaining on the EURO now. So Forex Traders are profiting on the uptrend now.
Hi – thanks for your comment.
Agreed. Traders profit from the price movement – whether thats up or down, like traders of the worldwide Stock markets. This is why fundamentals are important as like you say Euro instability and general economic recovery within the Eurozone will effect the price movement and therefore trading opportunities. As a Forex trader, it is important to have some knowledge/interest of general economics – looking at the wider influences upon the Forex market.
Very interesting your article. Thanks for the information.