Foreign exchange trading is something that many people are not familiar with. While everyone knows that there is a commonly accepted exchange rate between the currencies of different nations, and that these rates indicate the relative health of the economy, that’s as much as the average person knows.
Foreign exchange trading is essentially like gambling. Instead of betting on the outcome of a dice roll or a hand of cards, you are betting on the strength of one national economy against another. The most common pair in this kind of trading is the United States and the European Union. This makes sense, as they represent the two richest markets on earth. So if you bet on the Dollar to beat the Euro, your investment will return money if that prediction proves true. If not, you lose money and you should probably think about placing your investment elsewhere.
It is strange that more people don’t know this, considering that foreign exchange is the single largest market in the world, with daily trading volumes regularly exceeding five trillion dollars. This market dwarfs all other investment markets by a gigantic margin.
Reuters recently reported that trading volumes in the foreign exchange market hit a record high in the first quarter of 2018. This is mainly attributed to a return of investor confidence following market lows in recent years. One very interesting thing about this record high in the forex market is that the somewhat tumultuous political events of the last year and a half do not seem to have affected the market in any noticeably negative way.
When it comes to insight in this market, there is no one better than Jordan Lindsey. If you are interested in giving this market a try, but you don’t really know where to start, this guy has a youtube channel that can be extremely helpful in guiding your decisions. I recommend it highly.
Jordan Lindsey is the founder of loan and credit firm JCL Capital. He is a veteran trader in the areas of foreign exchange and algorithms. He is a self-taught computer programmer and an expert in the area of systems architecture. Born in New York, he has traveled all over the world, studying at Mount Angel Seminary and St. Joseph’s College along the way.
Many entrepreneurs have a story of the moment that made them who they are, but Jordan Lindsey always knew exactly what he was meant to do. He has stated in interviews that he gained a passion for growing new ideas from a very young age. While most of his work these days seems to be focused on cryptocurrencies (including the creation of his own) he is still a great source for information on the world’s largest market.