The end of the year is near, there’s less than a month left, and it’s a great chance to remember what was going on this past year in Forex.
First we have to emphasize what an impact had the world’s economy. With most of the world economies going down, there were interesting trends in Forex. USD going down against all currencies, gold price going up against all currencies (especially USD), and the retaliation of Asian markets.
That certainly has left a mark. Many products were released that capitalized on the down trends (and up trends) specific to the crisis.
The market has also seen a huge surge of new automated Forex trading products. Starting with FAP Turbo at the end of last year, and ending with several new robots released at the end of this year.
2009 has drawn a lot of attention to Forex, with the closures and people losing jobs, many have turned to this market to look for income streams. Many new professional traders were born.
The year was interesting, and here’s to 2010, it will no doubt be even more interesting.