Friday, April 22, 2011

Currency Watch

Last week the Global Economics Team opened up accounts with FXCM to learn about currency trading.  Each one of our members has a mock $50,000 to exchange on the active currency exchange market.  Our goals are to expand our knowledge of the global economy by watching the currencies fluctuate.

A few questions we have been asking already include the state of the Japanese Yen after the Tohoku earthquake and tsunami, the strength of the dollar contrast US deficit, and how other current events affect the foreign exchange market.

As of today, we have established individual portfolios related to our interests and experience from the past to try and gain as much profit as possible.  We will be updating the blog consistently with explanations to current market trends and possible forecasts based on events that are transpiring.  GET is very excited to start this project and hope that everyone who follows the blog will gain insight about the global economy.