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Chapter 12. Trends and the Yuan > Forex Will Not Just Get Bigger; It Will Get M...

Forex Will Not Just Get Bigger; It Will Get More Respect

In September 2004, the Wall Street Journal declared that “Foreign Exchange has now shown itself to be a viable asset class.” Like many other analysts and market watchers, I am confident that Forex will attract more investors because of the unique market conditions it offers. I also believe, however, that industry regulators will make the market a safer and more predictable place to invest, and that investors will respond. This confidence and opportunity will not be lost on American investors, who have tended to be less aware of the importance of currencies due to the supremacy of the U.S. dollar. I expect American investors will start routinely putting some of their money in the Forex markets and that they will begin to scan the international news and currency columns more carefully, as their counterparts in Asia and Europe have done for decades. Get ready to start hearing about currency cross rates around the water cooler.


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