The US Dollar Forecast has kept everyone guessing. It seems that the current global economic crisis along with the recent European crisis;which is still going has made investors believe the dollar is losing its standing around the world and in the United states. The most accepted US Dollar Forecast is that this currency has being losing its value. People are under the false belief that prices are getting higher, but the reality is that the currency is not worth the same as it did half a decade ago.

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If you are just starting out in the stock trading business or if you are already in it, you may have heard the term Forex trading quite a few times, but you probably might not have a clue on what it may actually mean.

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The most common picture that comes to mind when people hear about stock trading is the one we see in movies where men in suits basically shout and wrestle each other in some huge New York building to bicker about money. Although to some extent, there is some truth to this image, trading in the stock market is actually a more complex concept that helps many people earn money and keep businesses alive.

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The Buttonwood Agreement – The forerunner to the NYSE

When we think of the current New York Stock Exchange, images come to mind
of the Big Board, ticker tape and incredible amounts of stress. But it
didn’t always use to be that way. There was a time when a group of men met
under a shady tree in the spring to found what would become one of the most
powerful and well known exchanges in the world.

The story of the Buttonwood Agreement actually goes back even further than
1792. Two years earlier, then Secretary of the Treasury Alexander Hamilton
(pre-duel) issued a then staggering amount of $80 million in war bonds to
help pay for the rising costs of the Revolutionary War. It would be these
bonds that would play a key role in the founding of the Buttonwood
Agreement.

A major reason for the founding of the Buttonwood (more…)

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The 1987 Stock Market Correction

The events of October 19, 1987, at the time, were looked upon as a full-
fledged stock market crash. In retrospect, no depression or even a
recession was sparked by this dramatic fall in prices, but the event is
historic nonetheless. One of the aspects that makes it so memorable is the
fact that to this day, no one really knows what caused it. There are many
different theories as to the reason of the correction, but its all
speculation.

The ’87 correction, known now as Black Monday was the first ever global
stock market crash. The final numbers are staggering, with the Hong Kong
stock exchange losing over 45 percent of its value, the Australian stock
market losing almost 42 percent of its value, the UK lost over 26 percent,
while the New York Stock Exchange lost 22.6 percent.

The October 1987 fall ended (more…)

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The 1920 Bombing of Wall Street

When most people think of terrorist attacks in New York City, images of
September 11th instantly spring to mind. But that wasn’t the first major
attack in New York’s history. The World Trade Centre was attacked earlier
in 1993 with a bomb in the building’s basement. But there was yet another
terrorist attack in New York, this one right on Wall Street that attempted
to shut down the New York Stock Exchange for good.

On September, 16th, 1920, a wagon full of explosives was detonated at “The
Corner” of Wall and Broad streets. A man was seen fleeing the wagon moments
before it exploded, but no one thought to stop him. A few seconds later, a
large explosion ripped through the square, leaving behind it a scene of
unfathomable destruction.

Once the smoke had cleared, 39 people had been killed. This ranked as the
most deaths (more…)

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The October 27th 1997 Mini-Crash

The mini-crash of 1997 is remembered better today for what didn’t happen
than what did. For the first time in New York Stock Exchange history,
trading was halted for the day for the first time ever due to losses in
stock prices.

What made this event so controversial is that the “circuit-breaker” system
that was used for the first time that day was run on the idea that once the
market has lost a certain number of points, trading would be halted. This
was seen to be short-sighted since the actual percentage of value lost when
trading was halted was relatively minor compared to other market crashes
and corrections in the past. The circuit breaker system has since been
corrected to only stop once 10 percent, 20 percent and finally 30 percent
of the market value has been lost.

As is always the case with trading (more…)

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The History of Wall Street

When people in the media, or just people in the know, refer to the
various stock markets in lower Manhattan in New York City, they usually
just refer to Wall Street. The now famous financial district has become
synonymous with large amounts of money, power and influence. But how did
one street manage to evolve into such an important address?

Ironically, most major investment firms that helped to build Wall Street
into the financial force that it is today aren’t even headquartered there
anymore. Thanks to technology advancements, these companies are usually
headquartered in other parts of Manhattan or in neighbouring New Jersey
or Connecticut. One of the most influential companies in Wall Street
history, J.P. Morgan moved from the address that they helped make famous
in late 2001.

The name Wall Street was (more…)

John Thain is the current Chief Executive Officer of the New York Stock
Exchange. Before coming to the NYSE, Thain was the Chief Operating Officer
and President for Goldman Sachs, one of the world′s most prestigious
investment banks. During Thain’s tenure with Sachs, he was able to develop
a portfolio worth over $300 million dollars in stock.
Thain was chosen for his business acumen, but also for the fact that unlike
his predecessor, Dick Grasso, Thain isn’t as much of a showman and enjoys
being behind the scenes at the New York Stock Exchange. There are famous
stories of Thain while at Goldman Sachs that talk about how he was an
important and influential member of their company, people didn’t talk about
him because he was so quiet. This demeanor is thought to (more…)

With the electronic age firmly entrenched and the Internet and basic
computer usage a fact of life, many people are taking a look at how
computers are changing the workplace. Where most elementary schools may
have had one or two computers in an entire school, some schools now have
a laptop for every student. And while the average workplace use to have
slow and clunky terminals, they have now been replaced with lightning
fast machines capable of running a dozen complex programs at once.

One workplace that has been somewhat shielded by this evolution is the
floor of the New York Stock Exchange. Some consider this to be highly
ironic, since the floor of the exchange is where the shares in the (more…)