Effect of population on forex
Economic number is a very important determining factor in forex. It is said that the financial growth of a country largely depends on its population. A country that is teeming with population can find it very difficult to trade with other countries, this slows the financial growth and forex does not flourish in such countries. The numbers and figures of population also affect the market psychology and hence further degrade the financial condition. A negative word of mouth in the market can ruin the whole business as it affects the market psychology negatively. It can also be true that a developing country strives hard to develop business and trade and forex flourishes in such countries.