It was announced this week that the largest US bank, Citigroup, has launched an online trading platform which is aimed at retail investors and institutional dealers. The platform has initially been released in the US, and wil be rolled out to the rest of the world over the coming months.

Citigroup and the Copenhagen based Saxobank have developed the CitiFX Pro platform which is based on the successful Saxotrader. The new platform will offer traders over 130 currency pairs with streaming prices, news and one click trading.

At the beginning of the month or in fact the year we see the release of a report on Global risks for 2008 brought to us by World Economic Forum (WEF)

The report focused on deregulation causing the financial markets to evolve in the last two decades,innovation came from multiple economies and finance opened up globally.

A little known fact is that the foreign exchange represents one of the largest trading markets in the world. Huge profits are possible now that the scope of the internet has expanded beyond most people's expectation.