Forex trading system – FIXED TRUSTS The fixed investment trust flourished for a short time.

In the two years which followed the 1929 collapse in the stock market, sales approximated $600 million. Since 1931, sales and creation of new fixed trusts have been negligible. The fixed investment trust is defined as a vehicle in which the investor acquires an undivided interest in a relatively fixed list of securities, together with certain accumulations which are deposited from time to time by a depositor corporation with a trustee, usually a bank or trust company, for the benefit of the holders of the certificates for trust shares. These certificates are in effect receipts issued in small denominations by the trustee to the depositor, who sells them to the public through dealers. Most fixed trusts were of the unit type, i.e.

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[tags]Forex Trading Strategy[/tags]