the.com/currency trading
the world's biggest casino, except the house is called the federal reserve.
means buying one country's money while selling another's, betting their relative value will shift in your favor.
from formalized after 1971 when nixon killed the gold standard and let currencies float freely against each other, turning exchange rates into a 24-hour bet.
daily volume7.5 trillion dollars trade hands daily
leveragebrokers offer up to 500-to-1 leverage, legally
biggest paireuro-dollar alone moves 20 percent of volume
retail losersroughly 70-90 percent of retail traders lose money
for instance
black wednesday 1992 — soros broke the bank of england, made 1 billion dollars shorting the pound
swiss franc shock 2015 — snb removed the euro peg, franc jumped 30 percent in minutes
plaza accord 1985 — g5 nations deliberately devalued the dollar together