Best Forex brokers accepting traders in Egypt in 2020 Mr ...

Forex Trading

What Is the Forex Market?

The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney—across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.
To trade Forex, try ForexProfitWay
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Question about Lehman Brothers collapse

Firstly I hope this is in the correct subreddit but I was reading a site that was interviewing Chris Reynolds Gordon and about half way it had this question and answer -
Then you came into money in quite dark circumstances? Yes. When my mum died – when I was 21 – I inherited £360,000, which I invested into training to be a trader. My account skyrocketed, trading FTSE 100 and then FOREX. I did very, very well, and when Lehman Brothers went down I made an astronomical amount of money. I decided to put it all into property. I had six properties in Dubai, four in Morocco and two in Egypt at the age of 22, and I just wanted to focus on my running. Then this massive recession hit and I lost everything. At the time, I had around a £3.2 million net worth, but being paper rich is very different to having money in the bank. If the economy didn't crash as it did, I wouldn't be working right now.
Basically my question was how would he have made so much money from the collapse of Lehman Brothers I just assumed everyone lost out. Thanks in Advance
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How Best Forex Brokers for Traders Residing in Egypt can ...

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