Every year, FXStreet awards the title of Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term Person of the Year to a selected individual. Today, FXStreet announced the winner of the award for 2017 - Pedro da Costa.
Discover credible partners and premium clients at China’s leading finance event!
The title is awarded for significant contributions to the foreign Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term industry. Pedro da Costa is a senior correspondent for Business Insider, mainly covering the activities of the Federal Reserve Bank and its effects on the US and global economic spectrum.
Over the past 15 years, Pedro da Costa has covered various aspects of economic news and events, pertaining to a myriad of topics, including economics, the Fed, other central banks, and even the US political space, which has recently been at the center of global news since the appointment of Donald Trump to the White House.
FXStreet decided on da Costa for “his analytical vision on finance and the USD currency.” It explained that he provides a thorough understanding of the agendas of central banks, as well as the intertwined connections between central bank policies and the political landscape.
Commenting to FXStreet, da Costa said: “I am honored by the FXStreet award. It’s hard to pay attention to Fed policy will all the political noise, but it remains a pivotal issue and it’s rewarding to see our coverage receive outside recognition.”
Path to the Award
Prior to his current position at Business Insider, da Costa worked as an editorial fellow at the Peterson Institute for International Economics (PIIE) for a period of 15 months.
He initially launched his career as a journalist back in 2001, when he joined Reuters News Agency as a news associate. He remained at Reuters until late 2013, gaining experience in covering financial markets, the Fed, and other aspects of economics.
He was able to move up the ranks at Reuters, becoming a markets correspondent in 2003 and holding the position for almost 6 and a half years. In 2009, he took on the role of Federal Reserve and Economics Correspondent, which he maintained for over 4 years until November of 2013.
After parting ways with Reuters News Agency, he took on a similar position at the Wall Street Journal, where he worked as a Federal Reserve and economics reporter. After nearly 2 years there he began working for PIIE, and eventually joined Business Insider in January of 2017.
Previous Winners of the Award
FXStreet has been awarding the title of FXStreet Forex Person of the Year since 2011.
The winner of the inaugural award was Finance Magnates founder and CEO Michael Greenberg, who received the honorable recognition for his groundbreaking work in the FX space.
Mr. Greenberg has been a pioneer for the FX industry, which had long been seen as secretive in nature, as many companies are privately held and operated and do not typically publicly divulge data and other relevant information. His creation of quarterly reports was seen as an important step in offering a source of information to industry participants.
Other winners on the list include (in chronological order): Andrey Pavlov and Ilya Holeu from Spotware Systems, Laith Marmarchi and Nicole Elliott from ForexTradingTV, Adam Button from ForexLive, Martin Armstrong, and Richard Olsen.
Every year, FXStreet awards the title of Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term Person of the Year to a selected individual. Today, FXStreet announced the winner of the award for 2017 - Pedro da Costa.
Discover credible partners and premium clients at China’s leading finance event!
The title is awarded for significant contributions to the foreign Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term industry. Pedro da Costa is a senior correspondent for Business Insider, mainly covering the activities of the Federal Reserve Bank and its effects on the US and global economic spectrum.
Over the past 15 years, Pedro da Costa has covered various aspects of economic news and events, pertaining to a myriad of topics, including economics, the Fed, other central banks, and even the US political space, which has recently been at the center of global news since the appointment of Donald Trump to the White House.
FXStreet decided on da Costa for “his analytical vision on finance and the USD currency.” It explained that he provides a thorough understanding of the agendas of central banks, as well as the intertwined connections between central bank policies and the political landscape.
Commenting to FXStreet, da Costa said: “I am honored by the FXStreet award. It’s hard to pay attention to Fed policy will all the political noise, but it remains a pivotal issue and it’s rewarding to see our coverage receive outside recognition.”
Path to the Award
Prior to his current position at Business Insider, da Costa worked as an editorial fellow at the Peterson Institute for International Economics (PIIE) for a period of 15 months.
He initially launched his career as a journalist back in 2001, when he joined Reuters News Agency as a news associate. He remained at Reuters until late 2013, gaining experience in covering financial markets, the Fed, and other aspects of economics.
He was able to move up the ranks at Reuters, becoming a markets correspondent in 2003 and holding the position for almost 6 and a half years. In 2009, he took on the role of Federal Reserve and Economics Correspondent, which he maintained for over 4 years until November of 2013.
After parting ways with Reuters News Agency, he took on a similar position at the Wall Street Journal, where he worked as a Federal Reserve and economics reporter. After nearly 2 years there he began working for PIIE, and eventually joined Business Insider in January of 2017.
Previous Winners of the Award
FXStreet has been awarding the title of FXStreet Forex Person of the Year since 2011.
The winner of the inaugural award was Finance Magnates founder and CEO Michael Greenberg, who received the honorable recognition for his groundbreaking work in the FX space.
Mr. Greenberg has been a pioneer for the FX industry, which had long been seen as secretive in nature, as many companies are privately held and operated and do not typically publicly divulge data and other relevant information. His creation of quarterly reports was seen as an important step in offering a source of information to industry participants.
Other winners on the list include (in chronological order): Andrey Pavlov and Ilya Holeu from Spotware Systems, Laith Marmarchi and Nicole Elliott from ForexTradingTV, Adam Button from ForexLive, Martin Armstrong, and Richard Olsen.
