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What would happen if one day there was a forex trader who managed to accumulate all the worlds currency?

Question: What would happen if one day there was a forex trader who managed to accumulate all the worlds currency?

(Posted by: William M on 2009-12-05 06:27:59)

I am just wondering in your opinion, I had a thought about forex trading, and I know there are absolute loads of opportunies every day to double your money in the forex market, and I know that there is about $3.2 trillion exchanged every day in the forex market also. That's about $1.4 quadrillion every year. If one day there was an extremely skilled master forex trader who took, say, $100, and doubled it every day (if that was even possible!), and they accumulated most of the words cuurency, what would our respective governments do? Would this person have ultimate power over the whole world? Could he do what he/ she wanted wherever they wanted etc?


Answers:

Posted by: mortin on 2009-12-05, 18:20:09

Hi it wont possible but one can become rich and forex has been producing lot of new millionaires every year

  

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