The Wall Street Journal published an article that gives account to several small businesses of the United States have decided to enter the Forex market for profit despite the crisis in their country.
The Forex market is the market for buying and selling of currencies or currencies of different countries around the world. I.e. I e.g. buy an Australian dollar at a fixed price and hope tomorrow to sell it more expensive.
The Forex market has been so revitalized by the economic crisis that has led to the coins of the world fluctúen creating new opportunities to make money, but above all to avoid losing money.
The story of The Wall Street Journal realizes for example that a small business that naturally has entered the market of Forex, one dedicated to sell vacation packages from United States to Australia. This small business receives dollars for their clients but has to buy services from hotel in Australia which uses Australian dollars and just why is that he has proceeded to enter the Forex market betting against a rise or fall in these currencies.
This strategy to enter the Forex market is a common practice in large corporations where for example Google reported earnings $ 700 million since mid-2008 as reported by the referred report.
Don't, however, enthusiasm for these numbers given that like any other market Forex market can cause not only profits but also losses and as I have already mentioned in other articles should be very careful in not using intermediary companies of dubious reputation but only use first level companies.
If your business has to use currencies of various countries perhaps the Forex market is something that you should necessarily learn if you don't want to make your winnings disappear as a result of a difference of exchange rate caused by the current economic instability. Investing in Forex gives you the necessary coverage to reduce the risk of such changes.
You can read the article in The Wall Street Journal quoted by clicking here on this link
No comments:
Post a Comment