Well, basically foreign exchange market has reputably the area of government central and most of the commercial and investment banks. But now, let us focus on an individual usually discussing the forex market as he offers trading for almost 24 hours a day in seven days a week. This person handles the transaction between the persons making business making sure that the exchange is being completed and closed within the period prescribed. There is also a concept that foreign exchange market revolves on daily dollar volume and various currencies of several countries involved in foreign exchange trading.

What people should know about forex?

Natalia Osorio Editor of the “Best Forex Trading” website — http://www.BestForexTradingUsa.com — pointed out;

“…First of all, keep in mind that forex market and its investor trade from one currency to another. Most of the investor come from different countries worldwide that performs daily trading activity. It is important also to know that currencies are also quoted in terms of their price in another currency. To further discuss, currencies are always quoted in pairs. The very first  currency is called the base currency while the second currency is called as the counter or the quote currency.  Let us say, if it takes 12.456 pounds to buy 2.345 dollars, the expression will be “dollars over pound.” Now that currency has been discussed, it is about time to calculate the so called “spread”. Forex quotes are always provided with bid and ask prices. These two usually vary in terms of equity market…”

Speaking of equity market, the price of the market share differs in terms of forecast in equity market. In one way or another the price ask is the kind of price that forex market maker is willing to deal to other traders. It is very important to know that forex prices are always quoted using five numbers like $ 0.0005 . Normally the prices vary each day. The number of the traders affect the prices of the stocks.

Here are some basic terminologies usually encountered in forex trading.  To understand further and be familiar with the lingo let us discuss them.

Currency- it is the fundamental capital in terms of trading.

Forex market- it is the world’s leading online currency broker place. Stock business is dealt by the traders in this place.

Settlement risk- An incident wherein one party fails to deliver the terms of the contract so settlement is agreed upon between the parties involved. Settlement is a risky issue and usually associated with default.  Sometimes the terms of the agreement are not met so principal risk is undertaken.

Spot exchange rate- it is the rate of a forex contract for immediate delivery. It is usually referred to globally accepted cycle for foreign exchange contracts. Spot exchange rate should be settled immediately to avoid the rush especially when the deal has been closed.

Single Payment Options Trading (SPOT)- it is a type of product that allows a traders/investors to set not only the conditions that need to meet in turn to receive a desired payout terms. The broker that provides this set of product arranges the payouts of possible investors.

SPOT Conditions- it is the agreed conditions set out by both parties. The investors collects payment only upon perfection of agreement and if the condition set does not occur then the investor will lose the full investment paid to the broker.

“…Now that you are already familiar with the terms used in basic forex trading it will be easier for you to deal in forex market. Remember that a little knowledge regarding this matter is very risky. Learn first what is forex trading and how it works before getting involved in the business…” N. Osorio added.

Further Information About The Best Forex Trading Softwares And Resources  By Visiting; http://www.BestForexTradingUsa.com

Twenty-four hour access is also a very attractive trait of Forex. In contrast, the stock market is only open during business hours. Also, trading on Forex doesn’t pay brokers on commission, this can add up to considerable savings.

Because Forex information is not widely available or publicized, many people don’t understand it. Also, many people who work with the stock market may say that the small, almost tiny profit margins are not worth the risk. This comes from not doing research on Forex versus other types of trading. Forex requires self-education through newsletters and Internet sources because you cannot just turn on the TV or open a newspaper to get the information you are searching for.

Having twenty-four hour access to Forex is a big advantage, especially coupled with it being worldwide. Although not recommended, a Forex trader and go from Asian markets, to European markets, to American and work twenty-four hours, if so desired. Add that with opportunities that leverage can provide, and the profit potential is almost astronomical.

Stocks have their own advantages that a person with little knowledge can appreciate. If you invest in blue chip stocks, you know they are unlikely to loose value. Stocks are great for long term investing. But if you are looking for short term, large gains, the Forex is definitely the place to be.

Because the market is so big with Forex, there is no single investor that can have the market cornered. This has happened with some stocks as well as precious metals and other commodities. Where a company only puts out so many stocks for public trade, there is no way you can own all the worlds’ currency.

The Forex is considered by many to be risky. Pensions are not invested in Forex often. However, if you have time to educate yourself, Forex is where you want to be. George Soros is a great example of what can be accomplished using the Forex form of investing. Soros shorted the British pound sterling and, at one point made $2,000,000,000 in profit. On The Quantum Fund, he makes over sixty percent returns, which he owns, and has management over $4,000,000,000. However, even Soros has lost money. He says “I simply make a lot of money when I am right…and lose as little money as possible when I am wrong.” Being right half the time is what Soros figures himself at, but he does very well in that half. He studies a country and it’s stock market for trends, if he believes the markets are wrong and he goes opposite, he makes big profits.

Soros lost $200,000,000 in just one day in October 1987. His reaction to this was very calm. “I made a very big mistake, because I expected the crash to come in Japan and I was prepared for that and it would have given me an opportunity to prepare for the fall-off in this country and actually it occurred in Wall Street and not in Japan. So I was wrong!” Of course, Geroge Soros is, of course, an extreme case. How many among us can loose $200 million and be ok with it? But the moral of the story is the same. If you make a mistake, take what you have learned and move on. There is a lot of money to be made if you are not afraid to learn and take risks. While this type of investing is not for every one, if you have time to learn the ins and outs of Forex, your chances of big returns are favorable.

The main difference between the fx market and the stock market is the incredible amount of trading that takes place a whopping two trillion dollar plus is traded daily. A much higher amount than the funds traded on any given country\’s stock market. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries.

What is sold, bought and traded on the fx market is something that can easily be liquidated, meaning it can be turned back to cash fast, often times it is cash already From one currency to another, the availability of cash in the forex market is something that can be arranged for any investor regardless of what country they are in.

The biggest difference the fx market and the stock market the first is worldwide. While the stock market is more country specific and involves the products and businesses of that country the fx market goes further to involves any country.

The stock market has set business hours and generally, this is going to follow the business day, so the stock market is closed on bank holidays and weekends. Whereas the FX market is open 24 hours a day due to the variety of countries that take part in trading selling and buying in a variety of time zones. As one market is opening, other countries are closing their markets which makes this an ongoing process of how the foreign market training happens

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the British pound and Great Britian stock market However, in the forex market, where you are involved in multiple countries and multiple currencies. You will find references to a variety of currencies, which is the biggest difference between the stock market and the foreign exchange market.

Bigger than what NYSE has recorded, trading has handed its daily income of $3.2 trillion which is 35 times bigger than NYSE. Trading such as foreign exchange, FOREX or simply just FX are all names used to depict the most widely used currencies. It is without a doubt one of the largest financial market in the globe, and takes account of trading among large banks, central banks, currency speculators, multinational corporations, governments, and other even other financial markets and as well institutions. US dollar to Philippine peso is one of the many types of currencies used in foreign exchange currency market and will be wherever on currency will be traded for another currency. With only a few percent of market activity, the majority of FOREX trading is tentative representing governments and companies needs in basic currency conversion.

Not like when you are trading on the stock market, FOREX market is accomplished by inter-bank market, which is thought to us as the OTC or over the counter market and not by a central exchange. Precisely among two counterparts necessary to make a trade, whether over the telephone or on electronic networks all across the globe, trading took its place. Frankfurt, London, New York, Sydney and Tokyo are the core centers for trading. This worldwide distribution of trading centers proves that the market of FOREX is open 24-hours a day.

To gain much more knowledge about FOREX trading, you can always research on internet searching engines. To broaden your perception of what it is to be in the industry of FOREX trading.

There are a number of techniques to gain big or extra in both online along with offline. Some put up enterprise since this is also one method to earn big while other people trade their services, expertise along with professional knowledge which also has really good returns.

One of the most popular method to earn money is through Forex Trading. Short for foreign exchange trading, the forex system is one of the greatest strategies and system put up. Many has made millions trading in this system in just a short period of time. Considered as the greatest and most liquid financial market worldwide, Forex Trading System operates 24 hours a day and can create up to an amount of Two Trillion Dollars daily! Can you imagine that?

Forex trading has no central location as compared to the stock market. Here, the market is able to open in several countries of the world 24/7. For example, trading starts in Australia, the next week it’ll also end in New York. That’s just how interesting forex trading systems is to a lot of online traders. It is a known fact that Forex market is considered among the most remarkable and good money making markets all over the world, as there are individuals who became millionaires in just a short period of time. Currently, lots of people already consider Forex trading as a great profession to master and fully grasp. Others have already quitted their regular jobs and successfully embarked in the Forex market.

However, you also need to get the pros and cons behind this great money making undertakings before going after it. Though it has a great opportunity for money making, Forex trading is also equally high-risk. While it is true that the business is actually worthwhile, there are also lots of people who ventured in this market trading sustained huge financial losses. That is why before any person even consider of venturing into this money trading business you should look at that while it gives you huge income potential, it is also equally risky.

The most significant thing here is that whenever you plan to venture in this form of business you need to have the appropriate knowledge to trade currency. Venturing into this line of profession without proper mastery and market study makes your attempt a risk. The basics regarding this Forex market is that you need to buy low and then sell high. In this approach, you have great possibility of earning and making a profit. There are plenty of forex trading strategies you should diligently understand. If you learn and master these strategies you may have good probabilities of trading efficiently and decrease the risk of losing money.

What makes the FX market different from the stock market?

A forex market transaction is one that involves at least two currencies, and it can take place worldwide. The two lands are one, with the trader, and two, the economy the money is being invested in. The majority of all trades taking place in the forex market are being done through a financial insititution, such as a broker, or a a bank.

What really makes up the foreign exchange markets?

The forex market is made up of a variety of transactions and countries. The main participants of the currency markets are trading in large volumes, gigantic amounts of money. Those who are involved in the forex market are typically involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large. You could consider the foreign exchange arena to be much larger than the stock market in any single country overall. The participants of the foreign exchange markets are trading every business day twenty-four hours a day and sometimes transactions are completed on the weekend..

You might be astonished at the number of folks that are participating in currency trading. In 2008 more than 3 thousand billion dollars was the average daily trading volume. This is a huge number for the total transactions to take place. Just consider how much a trillion dollars really is and then times that by two, and this is the cash that is changing hands day after day!

The forex market is not something new, as it has been used for over thirty years. With the emergence of computers, and then the internet, the trading on the foreign exchange market continues to grow as more and more people and companies alike become aware of the availability of this trading environment. Forex is only responsible for about ten percent of the total transaction volume between countries, but as the acceptance of this field continues to grow so could that number.

Opportunities for retail traders

With the internet, the foreign exchange market nowadays is not reserved for only large players like financial institutions, central banks and governments. All you need to participate is a PC, an internet connection and a forex broker to open a trading account with. As the number of internet users explodes worldwide, so does the number of independent, individual currency traders. But beware, this is not a fair market. The big players have gigantic capital reserves, whole departments of seasoned, professional traders and sophisticated trading systems they developed throughout decades. To reduce or eliminate this handicap, the best thing you can do is to find a reliable forex signal provider. Such service providers are specialized on analyzing market data and sending out trading recommendations to clients. To receive such forex signals, you can subscribe to the services of a signal company. But bear in mind, only reliable forex signals will make you profit, so do your own due diligence before you subscribe.

As the number of internet users grows around the globe, so does the number of independent, individual forex traders. But beware, this is not a fair market. The big players have huge capital reserves, whole departments of experienced, professional traders and sophisticated trading systems they developed throughout decades

Currency trading is all about trading foreign currency and its derivatives like options or futures. The currency of one country is weighed against the currency of another land to define value. The value of that foreign currency is taken into consideration when trading currencies on the forex markets. Those who are often involved in the currency markets include financial institutions, large companies, central banks and governments.

What makes the FX market different from the stock market?

A forex market transaction is one that involves at least two currencies, and it can take place worldwide. The two lands are one, with the trader, and two, the economy the money is being invested in. The majority of all trades taking place in the forex market are being done through a financial insititution, such as a broker, or a a bank.

What really makes up the foreign exchange markets?

The forex market is made up of a variety of transactions and countries. The main participants of the currency markets are trading in large volumes, gigantic amounts of money. Those who are involved in the forex market are typically involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large. You could consider the foreign exchange arena to be much larger than the stock market in any single country overall. The participants of the foreign exchange markets are trading every business day twenty-four hours a day and sometimes transactions are completed on the weekend..

You might be astonished at the number of folks that are participating in currency trading. In 2008 more than 3 thousand billion dollars was the average daily trading volume. This is a huge number for the total transactions to take place. Just consider how much a trillion dollars really is and then times that by two, and this is the cash that is changing hands day after day!

The forex market is not something new, as it has been used for over thirty years. With the emergence of computers, and then the internet, the trading on the foreign exchange market continues to grow as more and more people and companies alike become aware of the availability of this trading environment. Forex is only responsible for about ten percent of the total transaction volume between countries, but as the acceptance of this field continues to grow so could that number.

Opportunities for retail traders

With the internet, the foreign exchange market nowadays is not reserved for only large players like financial institutions, central banks and governments. All you need to participate is a PC, an internet connection and a forex broker to open a trading account with. As the number of internet users explodes worldwide, so does the number of independent, individual currency traders. But beware, this is not a fair market. The big players have gigantic capital reserves, whole departments of seasoned, professional traders and sophisticated trading systems they developed throughout decades. To reduce or eliminate this handicap, the best thing you can do is to find a reliable forex signal provider. Such service providers are specialized on analyzing market data and sending out trading recommendations to clients. To receive such forex signals, you can subscribe to the services of a signal company. But bear in mind, only reliable forex signals will make you profit, so do your own due diligence before you subscribe.

You should contribute as much as you can to your 401(k). Don’t overextend yourself, but you don’t want to waste the opportunity to deposit tax free, tax deferred money and have it matched. The amount the company matches you for is free money. Don’t let it go.

In 2005, the maximum before tax annual contribution that an employee can make is $14,000. If the employee is over 50 years of age, he or she can contribute $16,000. The limit is set to increase by $1,000 in 2006.

Your 401(k) is simply an account; you chose the investments within the account. There is usually an array of mutual funds presented to you, but you must decide the allocations. There is no one to advice you when it comes to role fees and expenses that will affect your overall returns.

First, decide how much risk you are willing to assume. How much volatility within the portfolio can you stand?

If you are in your 20’s and early 30’s you have the time to be aggressive with your investments. The time factor allows you to recover from slumps in the stock market. As you age, your investments should become more conservative to protect your earnings.

Many 401(k) plans have tools, such as online calculators and worksheets, which help you in determining how much risk you should accept. The best tool is often to seek the advice of a competent financial planner. It is worth it to hire a planner to evaluate your assets and earning ability if the end result is a comfortable retirement.

If you find that you are in need of money, most plans will allow you to borrow up to 50% of your vested balance, but not over $50,000. You usually have to repay the money with interest within five years. The interest payments go into your account, so you are paying yourself the interest. There are downsides, though.

The money you have withdrawn as a loan isn’t appreciating. The original contributions were made with pre-tax dollars, but the money you payback is after-tax. If you don’t pay back the money it will be considered a normal distribution, and taxed and penalized.

If you leave the company, in most cases you will want to take your 401(k) with you. You can role it over into another company’s 401(k) plan program or into your own IRA at a brokerage. With an IRA, you will have more control over your account, and better investment options.

Whatever you do with your IRA, make sure that you follow all procedures to the point. You don’t want to accidentally withdraw your money and have to pay the taxes and penalties. This is a very costly mistake.

If you are an entrepreneur, you can open an individual 401(k). This gives you the option of investing thousands of dollars more than in other kinds of self-employment retirement accounts. An individual, or solo, 401(k) is available to businesses that only have the owner and spouse as employees. This means that if you work for someone else and have a business on the side, you can open an individual 401(k).

The Foreign Exchange Market is considered as the most booming and liquid monetary market in the world. In any businesses, small or big alike, market liquidity means an asset that can be sold quickly without the risk of having progressive downfall in the price and with the littlest financial lost. For many investors, they take this as their main reason for joining the world of Forex Marketing. Forex Real Time Trading is truly an unmatchable investment that can not be compared to high-risk stock market. Forex is an automated trading system where one currency is bought using another one. One essential characteristic of this market is that there will always be willing sellers and buyers anywhere and anytime. It is an investment that can be converted rapidly at all cost. Before entering Forex Real Time Trading, any person should be knowledgeable enough and understand that this is not gambling where you can be a millionaire in a second. What investors should know is that there are currency trading strategies that should be learned and applied. Here are some basic Forex Real Time Trading strategies for those planning to enter the market. Firstly, you should learn discipline. Do not neglect even small information because this market is systematic and luck is not the key point here. Another important thing is to find a reliable automated trading system. This can be done by using mediums such as internet, books and finding experts to guide you especially when starting. Finding a legit and trusted Auto Forex System Trading will be your first step to a successful investment. Imagine that even when you are asleep something else is working for you. So that is why is it very important to have a trusted Forex software because when chosen wrongly this will cause your downfall. Some more currency trading strategies are to bear in mind that this market involves changes in economic factors worldwide. Learn by experience but being off-hand with what is the latest news around the world is definitely negligence. Automated Trading System is still a machine, whether it is meant to help you ninety-nine percent, there should still be room for you to check and view results. When you have a wrong view of what is happening, definitely Auto Forex System Trading will fail you also. It is also advisable to start investing small amounts and take it slowly. Try to use different investing methods because the economy is a fast-faced world and currency trading strategies should be updated all the time, a proven strategy today may or may not work tomorrow. Remember that Auto Forex System Trading is a product of humans, still a machine and should not be relied a hundred percent. It is still necessary for any Forex marketers to control and manage their funds. Resource Box: Experts all agree that discipline is still the key to a successful foreign exchange investment. With all the above systems and facilities, you can easily examine and understand how easy it is to make money out of being a forex trader. Be smart, and be proactive, so that you can make huge out from this trading.

The Foreign Exchange Market is considered as the most booming and liquid monetary market in the world. In any businesses, small or big alike, market liquidity means an asset that can be sold quickly without the risk of having progressive downfall in the price and with the littlest financial lost. For many investors, they take this as their main reason for joining the world of Forex Marketing. Forex Real Time Trading is truly an unmatchable investment that can not be compared to high-risk stock market. Forex is an automated trading system where one currency is bought using another one. One essential characteristic of this market is that there will always be willing sellers and buyers anywhere and anytime. It is an investment that can be converted rapidly at all cost.

Before entering Forex Real Time Trading, any person should be knowledgeable enough and understand that this is not gambling where you can be a millionaire in a second. What investors should know is that there are currency trading strategies that should be learned and applied. Here are some basic Forex Real Time Trading strategies for those planning to enter the market. Firstly, you should learn discipline. Do not neglect even small information because this market is systematic and luck is not the key point here. Another important thing is to find a reliable automated trading system. This can be done by using mediums such as internet, books and finding experts to guide you especially when starting.

Finding a legit and trusted Auto Forex System Trading will be your first step to a successful investment. Imagine that even when you are asleep something else is working for you. So that is why is it very important to have a trusted Forex software because when chosen wrongly this will cause your downfall. Some more currency trading strategies are to bear in mind that this market involves changes in economic factors worldwide. Learn by experience but being off-hand with what is the latest news around the world is definitely negligence.

Automated Trading System is still a machine, whether it is meant to help you ninety-nine percent, there should still be room for you to check and view results. When you have a wrong view of what is happening, definitely Auto Forex System Trading will fail you also. It is also advisable to start investing small amounts and take it slowly. Try to use different investing methods because the economy is a fast-faced world and currency trading strategies should be updated all the time, a proven strategy today may or may not work tomorrow.

Remember that Auto Forex System Trading is a product of humans, still a machine and should not be relied a hundred percent. It is still necessary for any Forex marketers to control and manage their funds.

Experts all agree that discipline is still the key to a successful foreign exchange investment. With all the above systems and facilities, you can easily examine and understand how easy it is to make money out of being a forex trader. Be smart, and be proactive, so that you can make huge out from this trading.

How does it works?

Say let us take the case of Japan Yen with The US Dollars.You use your Japan Yen to trade for US Dollars and you can earn money thru the arbitraging of the currency.

Who are the parties involved in the Foreign Exchange Markets?

The parties that are involved in the forex markets include huge local banks from different countries,government related investment bodies,large multi-national businesses and financial institutions such as pension funds,private banks and insurance companies.

It works when there are two parties,one party consisting of the the investor and the other is the country where the money is being invested in by the investor.Normally,the trade is done thru a financial intermediaries such as the bank who acts as the broker to enable smooth transaction between the two party. This is just the miniscule of forex.

A forex market trade can be commenced as long as there are at least two or more parties involving in the deal and it takes place worldwide with millions of traders from different countries doing trades.

How Big is the Forex Market?

The foreign exchange market is made up of multiple parties trading in the Forex market large volumes of assets and large amounts of money which may amounts to millions at one time. The parties that participate in the forex market are generally those involving in business involving cash or doing trades of very liquidable assets that you can sell and buy fast.The market therefore acts like a meeting place for them to deal.

The forex market as you have understand is much larger than the stock market in any one country as it involves all the forex traders in the world gathering in one centralised market to do deal.

Even when you are reading this article now,there are traders in the Forex market that are trading and you can say that trading takes place 24 hours daily but do take note that the forex market is done usually during weekdays although there are times that traders may close their deals udring the weekend.

Just imagine the sheer number of traders that amounts to millions dealing with forex and you have an impression on the cash pot in forex

How much is the Forex industry worth?

As of a research and statistic recorded in the late 2004,there are close to two trillion dollars (that is two million million!) was traded on a daily basis.This is an astronomical number for compared to stock markets and think of the number of daily transactions that  takes place.With so much cash flowing in the forex market daily,it is not surprised that people have gave up their daily job to trade daily on forex market as there are so much cash to be earned thru it.

The forex market has been around for more than 20 years and has been done in a brick and mortar manner but with the accessiblity of the computer and the internet,the forex trading continues to grow increasing and has taken to another level as more individual traders and smallers businesses trade online because of the ease and security that allows them to trade

Can I trade Forex online?

You might be surprised that trading Forex online is as easy as just a few clicks away on your mouse and anyone is able to trade as long as you have the basic knowledge of Forex.

The best thing is that opening an online forex account is totally Free.Just recently,there is the article that a Japanese housewife won over 5 million dollars thruout her Forex investing adventure for about 10 years with minimal capital.How did she do that?By trading forex online.

If a housewife can do it,with just a little knowledge,I am sure you cant see why you can’t do it.Now you must be thinking, where to trade forex?

Get A Free Forex Account Now at eForexMarkerplace

For the short term the US Dollar continues to rebound against the Euro and to act like the Federal Reserve’s interest rate cutting spree is over, at least for now. With the actual inflation rate soaring the Fed is being forced to pay some attention to the inflation outlook for this year and next.

Against the Euro the dollar hit a low of just over 1.6000, then made a V reversal that quickly carried it to about 1.5350. Forex market traders noticed that at the May 28-29 FOMC meeting FOMC members expressed more concern about the inflation rate and came to the conclusion that further interest rate cuts, if any, would be quite small.

Of course with the Fed funds rate now at 2% the Fed has already used quite a lot of its interest rate cutting ammunition.

A bounce from the 1.5300 handle to just above 1.5500 was short lived and we are again trading in the 1.5300’s this morning. Against the Yen the dollar has made a similar comeback. From recent lows below 100.00 Dollar/Yen quotes are now above 105.00.

With many soft commodity prices and energy prices making record highs the Fed has to be concerned about the inflation rate getting totally out of control. I don’t think that oil above $120.00 a barrel was in any one’s playbook for the first half of 2008. With oil, wheat, corn , rice, and soybeans all at record or near record levels the two most sensitive inflation indicators for the public, food and gasoline, are racing to the upside.

While a dishonest government may exclude food and energy from its inflation index the public is not fooled with such visible pocketbook benchmarks being excluded from official statistics. But what a fix the Fed has placed itself in. To reduce rates further to continue to help out its undeserving rich whining Wall Street friends runs the risk of tanking the dollar and further accelerating the dollars long term decline. The stock market may benefit from such action but inflation would be further accelerated to truly dangerous levels.

However, to start increasing rates to fight inflation will likely tank the stock market and more than a few stock brokerage firms and banks that the Fed has been pulling out all of the stops to throw a lifeline to.

The most likely scenario is that the Fed will “pause” for awhile while inflationary events spiral further out of control. This would likely mean that for the short term the dollar will further gain strength, perhaps back to 1.5000 Euros, but will set the stage for a high powered Euro and Yen rally later this year as the US economy sinks further into recession.

It is highly likely that due to the uncertainly surrounding the US recession and the worldwide financial crisis that extreme volatility in the forex market will continue for a long, long, time.

Yes, yes, I know. The US government says that in official terms no recession exists but what does it feel like to you?