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A Beginner’s Guide to FOREX
FOREX is the abbreviation for the Foreign Exchange market. FOREX is basically an international exchange market where currencies from all over the world are bought and sold for profit. The market today began in the 1970’s. FOREX is a very unique...
An Explanation of Forex Trading
Forex trading means the simultaneous buying of one currency, and selling of another. The currency of one country is exchanged for that of another. The currencies are always traded in pairs such as US Dollar/Japanese Yen (USD/JPY), Euro/US Dollar...
Emotions: A Trader's Worst Enemy; Get Rid of Fear and Greed - You'll be Glad You Did
Copyright 2005 Jonathan van Clute You hear it over and over and over in books, forums, and chatrooms. Fear and greed, fear and greed, fear and greed. Emotions are a trader’s worst enemy. What are we supposed to do about it? We are human after all....
Introduction To FOREX
The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars)....
Trading Currency Through Online Forex Brokers
Access to foreign exchange (forex), the most extensive market on the planet, is generally through an intermediary known as a forex broker. Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to...
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Introduction To Forex Trading
There are many markets: markets for stocks, futures, options and
currencies. These are probably the most accessible markets for
everyday traders like you and I. People easily understand the
basics of trading shares. I began trading shares first and then
I moved on to trading currencies.
If you do not know a lot about currency trading, allow me to
introduce it to you. It is what I trade and I believe that it is
one of the best markets to trade because of its efficiency. The
transaction costs to execute a trade are minimal and most
brokers provide you with the tools and data you need to make
your trading decisions, they usually provide them for free. The
market is open 24 hours a day which allows you to design your
trading hours around your daily commitments. It is very
volatile, which is great for those people who are looking for
day-trading opportunities.
The foreign exchange market is the market in which currencies
are bought and sold against one another. People may loosely
refer to this market under different labels, including foreign
exchange market, forex market, fx market or the currency market.
The foreign exchange market is the largest market in the world,
with daily trading volumes in excess of $1.5 trillion US
dollars. All transactions involving international trade and
investment must go through this market because these
transactions involve the exchange of currencies.
It is the most perfect market that exists because it has a large
number of buyers and sellers all selling the same products.
There is a free flow of information and there are little
barriers to participate.
The currency exchange market is an over-the-counter (OTC) market
which means that there is not one specific location where buyers
and sellers can actually meet to exchange currencies. Instead,
transactions are conducted by phone, fax, e-mail or through the
websites of brokers who specialize in currency trading.
The major dealing centres at the time of writing are: London ,
with about 30% of the market, New York , with 20%, Tokyo , with
12%, Zurich , Frankfurt, Hong Kong and Singapore , with about 7%
each, followed by Paris and Sydney with 3% each. Because of the
fact that these centres are all over the world, foreign exchange
traders can execute transactions 24 hours a day. The market
only
closes on the weekends.
THE MAIN 'PLAYERS' IN THE FOREX MARKET
The five broad categories of participants are: consumers,
businesses, investors, speculators, commercial banks, investment
banks and central banks.
Consumers, including visitors of countries, tourists and
immigrants, do need to exchange currencies when they travel so
that they can buy local goods and services. These participants
do not have the power to set prices. They just buy and sell
according to the prevailing exchange rate. They make up a
significant proportion of the volume being traded in the market.
Businesses that import and export goods and services need to
exchange currencies to receive or make payments for goods they
may have bought or services they may have rendered.
Investors and speculators require currencies to buy and sell
investment instruments such as shares, bonds, bank deposits or
real estate.
Large commercial and investment banks are the 'price makers'.
They are the ones who buy and sell currencies at the
bid-and-offer exchange rates that they declare through their
foreign exchange dealers.
Commercial banks deal with customers on one hand, and with the
Interbank or other banks, on the other hand. They profit by
utilizing the bid-and-offer spread. The bid price is the
exchange rate that the buyer is willing to buy and the offer
price is the exchange rate at which the seller is willing to
sell. The difference is called the bid-offer spread. They also
make profits from speculating about whether the exchange rate
will rise or fall.
Central banks participate in the foreign exchange market in
their effective duty as banks for their particular government.
They trade currencies not for the intention of making profits
but rather to facilitate government monetary policies and to
help smoothen out the fluctuation of the value of their
economy's currency.
About the author:
Marquez Comelab is the author of the book: The Part-Time Currency
Trader . It is a guide for working men and women interested
in trading currencies in the forex market. See: http://marquezcomelab.com
and http://thefreedomtochoose.c
om for more.
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| Currency Trading, Forex Trading, Forex, Online Currency Trading |
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| OANDA FXGame - Currency Trading Demo Platform |
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| Forex | Forex Trading | Forex Minis | Online Currency Trading |
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| Currency Trading News, Forex Trading News, FX News, Forex News |
| Currency Trading News, Forex Trading News, FX News, Forex News - Daily FX. |
| www.dailyfx.com |
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| Currencies - Currency Converter & Latest Rates at CNNMoney.com |
| Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
| money.cnn.com |
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| FOREX Advisory |
| The CFTC urges you to be skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with ... |
| www.cftc.gov |
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| Forex Trading: Online Currency Trading from Global Forex Trading |
| Global Forex Trading is the premier online foreign currency trading firm and a primary market maker. To learn more about forex trading, visit GFTForex.com. |
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| Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the Fine Points: Books: Russell Wasendorf by Russell Wasendorf. |
| www.amazon.com |
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| Forex, Online Currency Trading, FX, Foreign Exchange | ACM Forex |
| Forex Trading with The Forex Broker. ACM offers online currency trading, commission-free, tax-free, lowest forex spreads on the market, guaranteed fills, ... |
| www.ac-markets.com |
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| OANDA FXTrade - Currency Trading, Forex Trading, Online Currency ... |
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| Forex-Day-Trading.com - Currency Trading with FREE Training |
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| Forex Online Currency Trading: Welcome to Global Forex |
| Global Forex offers online currency forex trading at inter-bank FOREX rates. Try our FREE online forex demo trading system. |
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| Forex trading - Realtime Forex online currency trading |
| Realtime Forex offers commission-free online currency trading on live foreign exchange prices. Realtime Forex’s currency trading service also includes free ... |
| www.realtimeforex.com |
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| Forex Blog |
| Forex news blog with daily commentary. Has a good beginner's article. |
| www.forexblog.org |
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| Common Questions About Currency Trading |
| Whether you're puzzled by pips or curious about carry trades, your queries are answered here. |
| www.investopedia.com |
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| OANDA FXTrade - Currency Trading Basics |
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| fxtrade.oanda.com |
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| Currency trading, free forex charts, news and analysis |
| Online currency trading with technical analysis, charts and forex news. |
| www.gfforex.com |
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| Finance - Currency-Trading Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
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| MG Financial Group - Forex, FX, Online Forex Trading. |
| www.mgforex.com |
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