Forex Factory | Forex markets for the smart money. (2024)

FAQs

Who is the smart money in forex market? ›

What Is Smart Money? Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success.

Forex Factory is owned and operated by Fair Economy, Inc., a company dedicated to the democratization of financial information. Learn more about Forex Factory.

The closest competitor to forexfactory.com are mql5.com, earnforex.com and myfxbook.com. To understand more about forexfactory.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.

SMC is not going to give you a special advantage over regular retail price action traders. But if the flaws we went over do not put you off, and you find SMC intuitive and appealing, there is no reason not to give it a try. Its proponents report that it brings them consistent results when they apply it properly.

The answer is yes! Forex can make you a millionaire if you are a hedge fund trader with a large sum. But forex from rags to riches for the majority is usually a rocky and bumpy ride which often leaves some traders in their dreams.

3. Bill Lipschutz. Bill Lipschutz, one of America's wealthiest forex traders, has a net worth of approximately $2 billion. His trading journey began with a $12,000 inheritance, and he transformed it into a significant fortune through his trading skills.

Richest Forex traders in the world are: George Soros has a current net worth of about $8 billion. Bruce Kovner maintains holdings appraised at nearly $6 billion. Paul Tudor Jones owns assets estimated at $4.5 to 5 billion.

What is the most reliable forex trading platform? ›

Forex Factory is entirely focused on curating forex-market information for traders. The nature of this information is primarily real-time (i.e., what's happening right now), and the scope ranges from economic data to analysis from members.

The forex market technically never closes, but retail traders can only trade the hours between Sunday at 5:00 pm ET and Friday at 5:00 pm ET.

The Bottom Line. Because of time zones, there are forex markets open 24 hours a day, five days a week. That means you can trade forex even when a currency's main market is closed. As a retail investor, you won't be able to trade on weekends, as all the markets close for that time.

George Soros is undoubtedly one of the most successful forex traders in the world. His bold and aggressive trading style has earned him a place in history, and his philanthropic efforts have made a positive impact on many lives. However, his controversial reputation may not sit well with some investors.

The Global Role of the U.S. Dollar

The U.S. dollar is still king today, despite recent challenges. In addition to accounting for the majority of global reserves, the dollar remains the currency of choice for international trade.

Our Founder and CEO, Charles Purdy, began his career in engineering, helping to develop the Typhoon fighter jet for BAE Systems. He moved into the currency exchange business almost 30 years ago and is proud to have brought the highest levels of attention to detail and customer service to this ever-developing industry.