Q&A: How many of you think that forex is going to control the future of the world?

by David Jenyns on August 12, 2012

Question by : How many of you think that forex is going to control the future of the world?
As it is the ROI is reaching more than 5% everyday. Considering the current economic upgradations in almost all nations across the world, do you think that forex investments are going to reap the best results?

Best answer:

Answer by dotty
I think that Forex will have some interesting ramifications on the geopolitical power shifts that may happen sooner rather than later.

There is no way that the USD will ever be the universal currency. I would not be surprised if the USD loses its position as the currency with which all oil transactions occur. I can see the EUR as becoming a more dominant currency and I can also see the oil rich countries in the Middle East establishing their own version of the EUR.

Now that the USD and CAD are near parity perhaps we will all be learning what a loonie is.

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Best Wishes,

Know better? Leave your own answer in the comments!

vijay August 12, 2012 at 11:53 am

forex is the most liquid financial market due to increase in globalization

Secrets From The Heart August 12, 2012 at 11:53 am

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Murphy August 12, 2012 at 12:33 pm

due to the more people using forex, i think that the federal banks wouldn’t be able to keep their currency values in range so therefore open forex will be abolished, and it will be back to the old days.

Josh C August 12, 2012 at 12:58 pm

Have you seen this site? http://theforexmasters.info

World domination is definitely possible!

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