gavros777 Posted August 23, 2009 Report Share Posted August 23, 2009 So i watch the news and i see that in the near future all countries will use the same currency etc.Will that bring the end to forex trading since there will be only one currency.That will suck but then again we might get in contact with aliens and start trading with their currency.Forex trading will not die! 8-) Quote Link to comment Share on other sites More sharing options...
Bredman Posted August 24, 2009 Report Share Posted August 24, 2009 Re: Globalism the death of Forex trading? The world can't decide on one political system, religion, or even a set of uniform human rights. Why would a uniform currency be acceptable? Quote Link to comment Share on other sites More sharing options...
aditologi Posted August 24, 2009 Report Share Posted August 24, 2009 Re: Globalism the death of Forex trading? can you give us the news source? I think it is very difficult to happen, because forex is the largest financial market in the world, with a volume of over $4 trillion a day. Quote Link to comment Share on other sites More sharing options...
gavros777 Posted August 25, 2009 Author Report Share Posted August 25, 2009 Re: Globalism the death of Forex trading? Try this: http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4 You can google world new currency, it's all over the place. :( Quote Link to comment Share on other sites More sharing options...
Kairos Posted August 26, 2009 Report Share Posted August 26, 2009 Re: Globalism the death of Forex trading? That news announcement is more political then anything. This is akin to senators grandstanding over the bonuses at AIG. Basically they want to remind everyone how insane it is that the united states caused the world financial crisis but in the end the US is still the safest place for your money. Quote Link to comment Share on other sites More sharing options...
fx2248 Posted September 3, 2009 Report Share Posted September 3, 2009 Re: Globalism the death of Forex trading? I cannot see one currency being introduced as too many bankers are making alot of money out of forex and money seems to drive the agenda in the world today. Quote Link to comment Share on other sites More sharing options...
street9 Posted October 13, 2009 Report Share Posted October 13, 2009 Re: Globalism the death of Forex trading? One world currency is not something that may happen one day. It is something that is inevitable. The way EURO was inevitable and the doom of GBP, SFR and other still remaining currencies is inevitable. It is not because world needs one but it is being orchestered for about half a century. We can still trade forex some some years, maybe 20 years at the most but one world electronic currency is the only thing that can be seen as certain. Quote Link to comment Share on other sites More sharing options...
osaze Posted October 13, 2009 Report Share Posted October 13, 2009 Re: Globalism the death of Forex trading? Its possible but I can guarantee you it will take a long while. The whole world using one currency will be very diffclt for now. Their levels of development r not the same. It is only possible when all their levels of development becomes the same. :)>- :)>- Quote Link to comment Share on other sites More sharing options...
Mentos Posted October 14, 2009 Report Share Posted October 14, 2009 Re: Globalism the death of Forex trading? Its possible but I can guarantee you it will take a long while. The whole world using one currency will be very diffclt for now. Their levels of development r not the same. It is only possible when all their levels of development becomes the same. :)>- :)>- Agree totally Quote Link to comment Share on other sites More sharing options...
fallingsaints Posted October 14, 2009 Report Share Posted October 14, 2009 Re: Globalism the death of Forex trading? heh, I agree. By the time a common currency comes around, I'll be 6 feet under. I think it'll take ALOT for a common currency to be in place. One of the obvious issues is who is to be in charge of printing money? All the governments? Recall hyperinflation in Germany in 1923. Quote Link to comment Share on other sites More sharing options...
cestlav Posted October 16, 2009 Report Share Posted October 16, 2009 Re: Globalism the death of Forex trading? at least 10 years for Euro, how many years for Globo? Quote Link to comment Share on other sites More sharing options...
cashflow08 Posted October 25, 2009 Report Share Posted October 25, 2009 Re: Globalism the death of Forex trading? Lol.. if globalism take over, us forex traders should go on a strike 8-) . Just as people cant survive out of food , we cant survive without forex. "let the force be with you" Quote Link to comment Share on other sites More sharing options...
mzmbbp Posted October 27, 2009 Report Share Posted October 27, 2009 Re: Globalism the death of Forex trading? Don't forget there are still many countries in Europe that haven't adopted the euro, and that's in nearly 10 years of existence. I think there are still 11 of the EU countries left to adopt it. A global currency would take *far* longer in terms of planning and agreement, then finally adoption. Plus there just aren't the drivers to make it happen right now. The euro was created for a group of continental countries with shared culture and history, although still many differences. Can you imagine a worldwide currency being adopted in the next 50 to 100 years? It will be a great day when it happens, and perhaps part of the road to a world government and more peaceful life for all the inhabitants of this planet. Hey, I can dream. Quote Link to comment Share on other sites More sharing options...
Jagernaut Posted January 1, 2010 Report Share Posted January 1, 2010 Re: Globalism the death of Forex trading? A global currency is coming just as the Euro came - but still left the original european currencies to trade. Quote Link to comment Share on other sites More sharing options...
redart Posted January 1, 2010 Report Share Posted January 1, 2010 Re: Globalism the death of Forex trading? I believe a unique world currency will emerge sooner or later. That's just a question of time. Unfortunatly that will mean the end of forex traders and all the forex brokers. Hope that it will not come soon :?: Quote Link to comment Share on other sites More sharing options...
ameera Posted January 3, 2010 Report Share Posted January 3, 2010 Re: Globalism the death of Forex trading? I don't that happening in our life time. Quote Link to comment Share on other sites More sharing options...
vladv Posted January 4, 2010 Report Share Posted January 4, 2010 Re: Globalism the death of Forex trading? Perhaps in 20-30 years from now we will see one world currency,after one more big "financial crisis" :o ;) ,but still there will be commodities,corn,rice,meat,CFDs,stocks to trade and so. Quote Link to comment Share on other sites More sharing options...
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