Forex

If the results of talks with a number of American bankers in Europe reporting on the new scale (post Herstatt) of their forex dealings, plus what they say of their European colleagues and what "reliable sources" in London project, go into a pocket electronic calculator the display lights up with figures which indicate that forex staffs in European banks now have at least three quarters of every day free for whittling or reading the classified ads.

The number of forexes has increased steadily and 41 had been licensed by December, 1990, of which 33 were active.

The set-and-forget trader is playing fundamental direction and is seeking very large moves of 150 to 300 pips. This trader doesn't want to sit and watch the screen but play the longer moves and forces behind forex.