Biografía

Prof FX is the world’s leading forex education website, providing investors all the required tools to become a top class forex trader. The Prof-FX.com team offers global investors an array of resources, including financial news by the minute, forex brokers reviews, fundamental analysis, technical analysis, forex tools, metatrader indicators and much more.

The Internet has completely changed the forex markets. Before the popular usage of the Internet, forex traders had to place trades over the phone, use rudimentary technologies to get prices, and sometimes even create their own charts by plotting price data onto a piece of paper! Before the Internet, there were of course far fewer traders, and no doubt, there was more inefficiency in the forex markets for traders to exploit.

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Nowadays, literally anyone with an Internet connection and a computer (or mobile technology) can trade the forex markets. Anyone can look at price data on any forex pair and looks through years and decades to see what it has done in the past. But these conveniences all come with a price. The rise in the number of forex traders also means that the market has become more efficient. This means that many techniques and systems that have worked in the past might no longer be of use now, because people have over-used these systems.