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Stock Market Trading Tip
· What is currency trading Also referred to as foreign exchange, FX or Forex, currency trading is the trading of one currency against another. In terms of trading volume, the currency exchange market is the world's largest market, with daily trading volumes in excess of $1.5 trillion US dollars. This is orders of magnitude larger than the bond or stock markets. The New York Stock Exchange, for example, has a daily trading volume of approximately $50 billion.
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ChoicePoint's board approved the stock trading plan on Oct. 26, 2004, the day before Los Angeles police, who had been tipped off by ChoicePoint, arrested Oluwatosin. A company spokesman told the newspaper that the stock sale was part of a routine estate planning and asset diversification, and denied there was any insider trading or other wrongdoing. The week that ChoicePoint's security problems became public in late February 2005, the company's share price fell about 10 percent.
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