Posts Tagged ‘stock market’

The latest round of online forex trading news highlights the continued fact that traders are adopting a “watch and wait” approach in terms of any significant movements. Part of the reason for this strategy is that there is relatively little data expected to be released over the next few days.

If anything, the details which have emerged are far from promising. Once again, economic figures released from China have echoed weakness while the recent sell-off in oil (regardless of short-term technical gains) highlights that markets are still in a sluggish position.
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As you all know by know, we normally cover currency trading and forex news specifically here at OnlineForex.net. However, the IPO by one of the largest Internet companies in the world can not be missed. By the end of the day on Friday, Alibaba Group Holding Ltd had completed its first day of trading stock shares on the New York Stock Exchange.

The company has been in the spotlight over the past week as its executive chairman and founder, Jack Ma, announced his intentions to expand his business beyond the confines of China and bring Alibaba to the attention of a wider audience in Europe and the US.

Jack Ma founded the company in the late 1990’s and it is believed that after a hectic day of trading on Friday, it now has a market value of $231 billion.
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Many investors  see online forex as an alternative when the equity and property market remain risky.
There are many reasons for this. Let us explain a few here:

• When the stock market are turbulent, investors seek alternative investments.
• It’s hard to predict the stock market at the moment.
• Newspapers write more about online forex and how currencies fluctuate.
• With currency trading, you are not dependent of a positive equity market.

What will you do in turmoil times, trade online forex?