Tuesday, March 10, 2009
Saturday, February 28, 2009
Make Money with Currency Trading
FOREX 101: Make Money with Currency Trading
Learn how to trade FOREX by working with a Professional FX Trader! Its one thing to read how to calculate pivot points or exponetial moving averages, but its critical that you see how they, and the other indicators (like MACD or RSI), work together in real-time.
FxBootcamp is different because I'm not selling a "system". I trade my own money while people watch. Most members trade a demo account along with me, so if I win or lose, we both have an opportunity to learn. How many "experts" are willing to trade real money while you watch? To learn more click here: Forex.com.pk
FOREX 101: Make Money with Currency Trading
by: Rich McIver
For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970's, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.
FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.
Another somewhat unique characteristic of the FOREX money market is the variance of its participants. Investors find a number of reasons for entering the market, some as longer term hedge investors, while others utilize massive credit lines to seek large short term gains. Interestingly, unlike blue-chip stocks, which are usually most attractive only to the long term investor, the combination of rather constant but small daily fluctuations in currency prices, create an environment which attracts investors with a broad range of strategies.
How FOREX Works
Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.
Marginal Trading
Marginal trading is simply the term used for trading with borrowed capital. It is appealing because of the fact that in FOREX investments can be made without a real money supply. This allows investors to invest much more money with fewer money transfer costs, and open bigger positions with a much smaller amount of actual capital. Thus, one can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital. Marginal trading in an exchange market is quantified in lots. The term "lot" refers to approximately $100,000, an amount which can be obtained by putting up as little as 0.5% or $500.
About CMS Forex
About CMS Forex
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CMS Forex was founded by professional Forex traders, Forex brokers, and software developers, and as a result has been able to identify traders’ needs from the very beginning. Since 1999, CMS Forex’s mission has been to provide the most powerful currency trading technology combined with quality execution, competitive services, and dependable customer service. Over the past seven years, CMS Forex has quickly become one of the world’s leading online retail currency trading institutions, providing secure, user-friendly Forex trading software.
CMS Forex is positioned as an industry leader in the Forex marketplace and continues its growth while striving to provide its clients the best trading environment. Based out of New York, CMS Forex and its affiliates now have offices in Boston, Tokyo, Bermuda, Saint Petersburg, and Shanghai. Bermuda’s Capital Market Services International and CMS Japan were created to strengthen global reach and better cater to our international clients.
CMS Forex strives to serve both the retail and institutional segment of the Forex community. Its commitment to providing innovative currency trading technology, fair dealing practices, and excellent customer service establishes CMS Forex as a major force that traders look to for advanced Forex charting, up-to-date Forex news, and informative Forex education.
CMS Forex’s affiliates in New York, Saint Petersburg, and Shanghai are dedicated to going above and beyond to meet clients’ needs, by creating and constantly improving upon the already sophisticated and user-friendly trading software, VT Trader™. These attributes, plus many others, prove that CMS Forex has built from the ground up a service that truly stands on its own.
Learn about CMS Forex's top priority, the safety of your funds »
Forex Trading Advantages
Forex Trading Advantages
Forex, also known as foreign exchange, has many advantages over stocks and futures for both day trading and swing trading. Some advantages are:
Free forex training
One of the main reasons traders fail is because of a lack of knowledge or experience. Free training is an advantage of working with our firm. Join the ranks of new and experienced traders that have been trained by Forex Trading USA. Find out more about our free training. You can also read plenty of free information about the forex market and trading in our FX education section.
Wednesday, February 25, 2009
FOREX 101: Make Money with Currency Trading
Learn how to trade FOREX by working with a Professional FX Trader! Its one thing to read how to calculate pivot points or exponetial moving averages, but its critical that you see how they, and the other indicators (like MACD or RSI), work together in real-time.
FxBootcamp is different because I'm not selling a "system". I trade my own money while people watch. Most members trade a demo account along with me, so if I win or lose, we both have an opportunity to learn. How many "experts" are willing to trade real money while you watch? To learn more click here: Forex.com.pk
FOREX 101: Make Money with Currency Trading
by: Rich McIver
For those unfamiliar with the term, FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970's, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.
FOREX is a somewhat unique market for a number of reasons. Firstly, it is one of the few markets in which it can be said with very few qualifications that it is free of external controls and that it cannot be manipulated. It is also the largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day. With this much money moving this fast, it is clear why a single investor would find it near impossible to significantly affect the price of a major currency. Furthermore, the liquidity of the market means that unlike some rarely traded stock, traders are able to open and close positions within a few seconds as there are always willing buyers and sellers.
Another somewhat unique characteristic of the FOREX money market is the variance of its participants. Investors find a number of reasons for entering the market, some as longer term hedge investors, while others utilize massive credit lines to seek large short term gains. Interestingly, unlike blue-chip stocks, which are usually most attractive only to the long term investor, the combination of rather constant but small daily fluctuations in currency prices, create an environment which attracts investors with a broad range of strategies.
How FOREX Works
Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.
Marginal Trading
Marginal trading is simply the term used for trading with borrowed capital. It is appealing because of the fact that in FOREX investments can be made without a real money supply. This allows investors to invest much more money with fewer money transfer costs, and open bigger positions with a much smaller amount of actual capital. Thus, one can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital. Marginal trading in an exchange market is quantified in lots. The term "lot" refers to approximately $100,000, an amount which can be obtained by putting up as little as 0.5% or $500.
Tuesday, February 24, 2009
Monday, February 23, 2009
forex
The global financial crisis of the stock markets creates great opportunities for forex traders. While the failing stocks market is unprofitable – in the Forex market you can trade one currency against another, and gain from falling as well as rising currencies. eToro also allows novice forex traders to take advantage of the professional traders’ experience, by monitoring the trades of eToro’s top 100 profitable traders. This way, you can use their experience for your benefit. So join the eToro forex trading platform now. eToro accepts the following funding methods: PayPal, WebMoney, Moneybookers, Neteller, and Credit Cards.
Sunday, February 22, 2009
Margin Trading
Margin Trading
Foreign exchange is normally traded on margin. A relatively small deposit can control much larger positions in the market. For trading the main currencies, Saxo Bank requires a 1% margin deposit. This means that in order to trade one million dollars, you need to place just USD 10,000 by way of security.
In other words, you will have obtained a gearing of up to 100 times. This means that a change of, say 2%, in the underlying value of your trade will result in a 200% profit or loss on your deposit. See below for specific examples. As you can see, this calls for a very disciplined approach to trading as both profit opportunities and potential risks are very large indeed. Please refer to our page for current Spreads, Margins and Conditions.
Saturday, February 21, 2009
forex usa
| CFOS/FX |
| All of the professional brokers at CFOS/FX are licensed by the National Futures Association and are qualified to provide you with the following services: forex broker, forex options broker, commodity futures broker, commodity options on futures broker and forex and futures consulting. CFOS/FX provides both online and telephone brokerage services to clients, and customer satisfaction is our top priority. |
| OANDA |
| OANDA is a leading market-maker for currency trading. OANDA FXTrade Platform comes from 15+ years of foreign exchange market research and analysis. |
| FX Solutions, LLC |
| 24 hr commission-free trading in the majors and crosses, Global Trading System (G.T.S.) with free professional charting package, split-second trade execution from real time, streaming quotes; managed account program; partner services include introducing broker program, white label / co-brand program; back office services for money managers, etc. |
| Infinity Brokerage Services Inc. |
| Infinity Brokerage Services is an Independent brokerage and investment firm headquartered in Chicago , Illinois . Founded in 1996, Infinity has been providing customers from around the world access to the global derivatives markets. Whether you are interested in online trading facilities or access to top managed programs, Infinity offers a suite of state-of-the-art programs tailored to individual customer needs. |
| FOREX.com (part of GAIN Capital Group) |
| 24-hr commission-free trading in 14+ currency pairs. Web-based trading platform requires no download or installation. Guaranteed fills on stops and limits up to $2M. No debit balance guarantee. Free access to charting, news, and research. 24-hour customer support via phone, email and chat. Wireless trading available. Dollar, Euro and Yen deposits accepted. |
| ForeFront Forex |
| A registered Futures Commission Merchant (FCM), ForeFront Investmenet Group, Inc. is a member of the National Futures Association (NFA) and is regulated by the Commodity Futures Trading Commission (CFTC). ForeFrontForex.com provides you the opportunity to access your real-time account information on a 24-hour basis. Our state-of-the-art technology provides clients with the most up-to-date system improvements currently available. |
| Interbank FX, LLC |
| Interbank FX was founded in October 2001 by a group of foreign exchange veterans who wanted to create an alternative to the current Forex marketplace. Interbank FX, LLC, a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC). Interbank FX is also a member of the NFA. |
| MG Financial Group |
| MG DealStation is available in 5 different languages offering online forex trading 24 hours a day during the week. The platform features real-time quotes, updated profit/loss in US dollars, historical trade reports and intraday news and charts. Customers trade commission free and can adjust the contract size for each individual trade, ranging from 10,000 to 5 million USD per trade. |
| Global FX Remote Group, LLC. |
| Global FX Remote Group, LLC. is a private day trading firm based in NYC that specializes in the trading of the Spot Foreign Exchange Market. Global FX has six programs for traders that are either experienced Forex Traders or are looking to learn and trade the Forex Markets. Traders execute trades with the #1 non-bank market maker in the U.S, Forex Capital Markets. |
| GFS Forex & Futures, Inc |
| GFS FOREX & Futures, Inc. is at the helm of the phenomenal evolution of automated execution in the global foreign exchange markets. Online traders will greatly benefit from the new standards of efficiency, technological advantage and service offered by GFS. |
| ShieldFX |
| ShieldFX is the leading independent provider of on-line currency trading. SheildFX offers direct access to the foreign exchange markets, with 24 hour, commission-free forex trading and the ability to deal instantly from real-time FX quotes. |
| Spencer Financial |
| Spencer Financial is a registered Futures Commission Merchant ("FCM") specializing in foreign exchange trading and currency-related services for qualified individuals, international corporations and institutions, with a special focus on the developing and underserved markets seeking sophisticated and regulated financial services. |
| SNC Investment, Inc. |
| Located in San Francisco, SNC Investments, Inc. is bringing the potential of the Forex market to the individual investor through its online currency trading platform. SNC Investments, Inc. is dedicated to providing the highest quality of service. |
Friday, February 20, 2009
Managed Forex Accounts
Managed Forex Accounts
FXCM offers managed forex programs. These programs are managed by Informed Funds LLC. Informed Funds LLC is not registered with the CFTC and is not a member of NFA. Informed Funds recently assumed management of FXCM's Managed Accounts Program.To proceed to managed accounts performance records, you must read the following "Risk Warning Disclaimer." By checking the "I Agree" box at the bottom of the page, you are agreeing that
you understand the material discussed in the "Risk Warning Disclaimer."
Thursday, February 19, 2009
Forex Capital Markets LLC
| Forex Capital Markets LLC is one of the largest Forex Dealer Members |
| Forex Capital Markets LLC (FXCM) is regulated as a Forex Dealer Member by the National Futures Association. Forex Dealer Members are U.S. registered Futures Commission Merchants that have greater than 35% of revenue from foreign exchange. |
| Approximately $700 Million In Customer Funds Traded |
| FXCM Holdings LLC includes firms regulated across the world, including the United States, Canada, the United Kingdom, and Hong Kong. |
| Additionally, FXCM offers its proprietary foreign exchange trading technology to banks and brokers. |
| As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM. |
| Over 100,000 live accounts trade through FXCM's trading platforms from nearly 200 countries, with an average of 4,000,000 trades executed each month via its trading platforms; moreover, customer support is provided in over a dozen languages. Registered with the CFTC as a Futures Commission Merchant, FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com. |
About FXCM Company Profile
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Tuesday, February 17, 2009
About CMS Forex
About CMS Forex
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CMS Forex was founded by professional Forex traders, Forex brokers, and software developers, and as a result has been able to identify traders’ needs from the very beginning. Since 1999, CMS Forex’s mission has been to provide the most powerful currency trading technology combined with quality execution, competitive services, and dependable customer service. Over the past seven years, CMS Forex has quickly become one of the world’s leading online retail currency trading institutions, providing secure, user-friendly Forex trading software.
CMS Forex is positioned as an industry leader in the Forex marketplace and continues its growth while striving to provide its clients the best trading environment. Based out of New York, CMS Forex and its affiliates now have offices in Boston, Tokyo, Bermuda, Saint Petersburg, and Shanghai. Bermuda’s Capital Market Services International and CMS Japan were created to strengthen global reach and better cater to our international clients.
CMS Forex strives to serve both the retail and institutional segment of the Forex community. Its commitment to providing innovative currency trading technology, fair dealing practices, and excellent customer service establishes CMS Forex as a major force that traders look to for advanced Forex charting, up-to-date Forex news, and informative Forex education.
CMS Forex’s affiliates in New York, Saint Petersburg, and Shanghai are dedicated to going above and beyond to meet clients’ needs, by creating and constantly improving upon the already sophisticated and user-friendly trading software, VT Trader™. These attributes, plus many others, prove that CMS Forex has built from the ground up a service that truly stands on its own.
Monday, February 16, 2009
The foreign exchange market (
The foreign exchange market (currency, ForEx, or FX) market is where currency trading takes place. It is where banks and other official institutions that facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.
Saturday, February 14, 2009
About CMS Forex
About CMS Forex
CMS Forex was founded by professional Forex traders, Forex brokers, and software developers, and as a result has been able to identify traders’ needs from the very beginning. Since 1999, CMS Forex’s mission has been to provide the most powerful currency trading technology combined with quality execution, competitive services, and dependable customer service. Over the past seven years, CMS Forex has quickly become one of the world’s leading online retail currency trading institutions, providing secure, user-friendly Forex trading software.
CMS Forex is positioned as an industry leader in the Forex marketplace and continues its growth while striving to provide its clients the best trading environment. Based out of New York, CMS Forex and its affiliates now have offices in Boston, Tokyo, Bermuda, Saint Petersburg, and Shanghai. Bermuda’s Capital Market Services International and CMS Japan were created to strengthen global reach and better cater to our international clients.
CMS Forex strives to serve both the retail and institutional segment of the Forex community. Its commitment to providing innovative currency trading technology, fair dealing practices, and excellent customer service establishes CMS Forex as a major force that traders look to for advanced Forex charting, up-to-date Forex news, and informative Forex education.
CMS Forex’s affiliates in New York, Saint Petersburg, and Shanghai are dedicated to going above and beyond to meet clients’ needs, by creating and constantly improving upon the already sophisticated and user-friendly trading software, VT Trader™. These attributes, plus many others, prove that CMS Forex has built from the ground up a service that truly stands on its own.
CMS Forex was founded by professional Forex traders, Forex brokers, and software developers, and as a result has been able to identify traders’ needs from the very beginning. Since 1999, CMS Forex’s mission has been to provide the most powerful currency trading technology combined with quality execution, competitive services, and dependable customer service. Over the past seven years, CMS Forex has quickly become one of the world’s leading online retail currency trading institutions, providing secure, user-friendly Forex trading software.
CMS Forex is positioned as an industry leader in the Forex marketplace and continues its growth while striving to provide its clients the best trading environment. Based out of New York, CMS Forex and its affiliates now have offices in Boston, Tokyo, Bermuda, Saint Petersburg, and Shanghai. Bermuda’s Capital Market Services International and CMS Japan were created to strengthen global reach and better cater to our international clients.
CMS Forex strives to serve both the retail and institutional segment of the Forex community. Its commitment to providing innovative currency trading technology, fair dealing practices, and excellent customer service establishes CMS Forex as a major force that traders look to for advanced Forex charting, up-to-date Forex news, and informative Forex education.
CMS Forex’s affiliates in New York, Saint Petersburg, and Shanghai are dedicated to going above and beyond to meet clients’ needs, by creating and constantly improving upon the already sophisticated and user-friendly trading software, VT Trader™. These attributes, plus many others, prove that CMS Forex has built from the ground up a service that truly stands on its own.
FOREX (the Foreign Exchange market)
FOREX (the Foreign Exchange market) is an international market where participants speculate on the value of different currencies, buying and selling dollars, pounds, euros, and other currencies.
There are only a few major currencies to follow, compared to hundreds of stocks in the equities market. In order to get started understanding Forex, sign up for a free practice account today and learn as you trade!
Trading risk free with a practice account is the best way to get familiar with this ever-growing market. And once you are signed up, CMS Forex will provide you with thorough educational resources to guide you along the way.
So don't wait, take this opportunity to get started trading Forex!
There are only a few major currencies to follow, compared to hundreds of stocks in the equities market. In order to get started understanding Forex, sign up for a free practice account today and learn as you trade!
Trading risk free with a practice account is the best way to get familiar with this ever-growing market. And once you are signed up, CMS Forex will provide you with thorough educational resources to guide you along the way.
So don't wait, take this opportunity to get started trading Forex!
Note:
1. For details about the operation conditions at Forex see “Trading Rules”.
2. There are no official restrictions to minimum deposit, as it is floating and depend on the trading tools set, and their quotes. Right now minimum deposit for AFM is $263, for MT4 — $53. With such amount at your account you can open one lot NZDUSD. But you need to remember that opening “with all money” is risky. It's better to have some reserve funds. For details, see paragraphs 2.5, 2.6 and 2.7 “Trading Rules”.
1. For details about the operation conditions at Forex see “Trading Rules”.
2. There are no official restrictions to minimum deposit, as it is floating and depend on the trading tools set, and their quotes. Right now minimum deposit for AFM is $263, for MT4 — $53. With such amount at your account you can open one lot NZDUSD. But you need to remember that opening “with all money” is risky. It's better to have some reserve funds. For details, see paragraphs 2.5, 2.6 and 2.7 “Trading Rules”.
Anybody can trade at global foreign exchange market.
Anybody can trade at global foreign exchange market.
You can trade national currency of any country at global FOREX market. To be more precise, here you can exchange one currency to another according to some proportion. Such exchange proportion is called exchange rate. And the two currencies participating in such exchange are shown one by one and called the currency pair. Thus, FOREX trading can be performed for various currency pairs. E.g. euro-dollar (EURUSD), or pound-dollar (GBPUSD) etc.
The objective of a trader (person who makes profit from forex trading) to exchange one currency to another at the lower rate, and than to perform the inverse operation at the higher rate (“buy low and sell high”).
The following example with EURUSD illustrates ho to perform the transaction and calculate its financial result:
Suppose, you have $1500 at your trading account. On August 20, 2008 after you carefully read analytics at our web site, we decided that EURUSD should go up. Upon the beginning of the up-move we bought euro at 1.4690. In approximately 14 hours after we made sure that we were right, but the further move in this direction according to analytics is unlikely, รณ sell euro at 1.4790. The margin is just 1 cent (1.4790−1.4690=0.01), what is not sufficient, but due to the provided to us “leverage”, we bought standard lot of 100,000 euros instead of 1 euro! And the profit is $1000 (100,000*1.4790 − 100,000*1.4690 = 1000)! Thus, significantly increased our capital within less than 14 hours.
Certainly not all the deals are that successful, and the analyst forecasts sometimes do not come true. But we get the instruments which help to limit the loss.
Register here and get the opportunity to use demo account free.
You can trade national currency of any country at global FOREX market. To be more precise, here you can exchange one currency to another according to some proportion. Such exchange proportion is called exchange rate. And the two currencies participating in such exchange are shown one by one and called the currency pair. Thus, FOREX trading can be performed for various currency pairs. E.g. euro-dollar (EURUSD), or pound-dollar (GBPUSD) etc.
The objective of a trader (person who makes profit from forex trading) to exchange one currency to another at the lower rate, and than to perform the inverse operation at the higher rate (“buy low and sell high”).
The following example with EURUSD illustrates ho to perform the transaction and calculate its financial result:
Suppose, you have $1500 at your trading account. On August 20, 2008 after you carefully read analytics at our web site, we decided that EURUSD should go up. Upon the beginning of the up-move we bought euro at 1.4690. In approximately 14 hours after we made sure that we were right, but the further move in this direction according to analytics is unlikely, รณ sell euro at 1.4790. The margin is just 1 cent (1.4790−1.4690=0.01), what is not sufficient, but due to the provided to us “leverage”, we bought standard lot of 100,000 euros instead of 1 euro! And the profit is $1000 (100,000*1.4790 − 100,000*1.4690 = 1000)! Thus, significantly increased our capital within less than 14 hours.
Certainly not all the deals are that successful, and the analyst forecasts sometimes do not come true. But we get the instruments which help to limit the loss.
Register here and get the opportunity to use demo account free.
We have BEST recommendation for your Trading tool
We have BEST recommendation for your Trading tool.
If you want to trade forex, you must use the following Forex Trading Tools to increase your trading confident level.
Daily Forex Trading Summary for major currencies and currency pairs.
Weekly Forex Trading Summary for major currencies and currency pairs.
Thin Chart . Single Chart and Charts Station
Monitor most countries interest rate
Summary of major currency rates
Get to know the Financial Calendar
Complete glossary database.
more..
Look for your Best Trading Tool NOW!
If you want to trade forex, you must use the following Forex Trading Tools to increase your trading confident level.
Daily Forex Trading Summary for major currencies and currency pairs.
Weekly Forex Trading Summary for major currencies and currency pairs.
Thin Chart . Single Chart and Charts Station
Monitor most countries interest rate
Summary of major currency rates
Get to know the Financial Calendar
Complete glossary database.
more..
Look for your Best Trading Tool NOW!
Best Broker recommendation
Best Broker recommendation
Firm Name
Language Support
Account Opening Minimum
Free Demo Account
Mini Forex Trading
Leverage/ Margin Requirement
Fxtrader.net
English
$1,000
Yes
Yes
100:1 (1% margin)
GFX Group SA
English, German, French, Spanish, Korean
$2,000 - $5,000
Yes
No
0.5% (200:1)
NorthFinance
English, German, French, Russian, Arabic, Farsi, Greek
$100
Yes
Yes
5 00:1 ( 0.2 % margin)
Western Capital Forex S.A. Switzerland , Geneva
English, German, French, Arabic, Farsi, Russian
$5,000
Yes
No
200:1 ( 0.5 % margin)
AC- Markets
English, German, French, Spanish, Korean ,Italian ,Middle East, Portuguese , Brazilian , Russian, Japan , Turkish , Farsi
$5,000 standard account, $50,000 institutional account
Yes
No
100:1 (1% margin).
Firm Name
Language Support
Account Opening Minimum
Free Demo Account
Mini Forex Trading
Leverage/ Margin Requirement
Fxtrader.net
English
$1,000
Yes
Yes
100:1 (1% margin)
GFX Group SA
English, German, French, Spanish, Korean
$2,000 - $5,000
Yes
No
0.5% (200:1)
NorthFinance
English, German, French, Russian, Arabic, Farsi, Greek
$100
Yes
Yes
5 00:1 ( 0.2 % margin)
Western Capital Forex S.A. Switzerland , Geneva
English, German, French, Arabic, Farsi, Russian
$5,000
Yes
No
200:1 ( 0.5 % margin)
AC- Markets
English, German, French, Spanish, Korean ,Italian ,Middle East, Portuguese , Brazilian , Russian, Japan , Turkish , Farsi
$5,000 standard account, $50,000 institutional account
Yes
No
100:1 (1% margin).
Trading with brokers.
Trading with brokers.
Foreign exchange brokers, unlike others financial brokers, do not take commission from customer; they only work for banks. Their roles are to bring together buyers and sellers in the market, to optimize the price they show to their customers and quickly, accurately, and authentically executing the traders' orders.
The majority of the foreign exchange brokers execute business via phone using an open box system— there is a microphone with the broker that let him communication on the direct phone lines to the speaker boxes in the banks. By using this way, all banks can hear all the deals which are being executed. Due to the open box system, a trader is also able to hear all prices quoted; whether the bid was hit or the offer taken; and the following price. What the trader will not be able to hear is the amounts of particular bids and offers and the names of the banks showing the prices. Prices are unidentified. Sometimes brokers charge a commission that is paid equally by the buyer and the seller. The fees are negotiated on an individual basis by the bank and the brokerage firm. Brokers show their customers the prices made by other customers either two-way ( bid and offer ) prices or one way ( bid or offer ) prices from his or her customers. Traders show different prices because they "read" the market in a different way; they have different opportunity and different interests. A broker who has more than one price on one or both parties will automatically optimize the price.That means, the broker will always show the highest bid and the lowest offer. Therefore, the market has right of entry to an optimal spread possible. Fundamental and technical analyses are used for predicting the future direction of the currency. A trader might analyze the market by hitting a bid for a small amount to see if there is any response. Another advantage is that brokers might provide a broader selection of banks to their clients. Some European and Asian banks have overnight desks for 24 hours optimization dealing with counterparts in American banks, adding to the liquidity of the market.
Foreign exchange brokers, unlike others financial brokers, do not take commission from customer; they only work for banks. Their roles are to bring together buyers and sellers in the market, to optimize the price they show to their customers and quickly, accurately, and authentically executing the traders' orders.
The majority of the foreign exchange brokers execute business via phone using an open box system— there is a microphone with the broker that let him communication on the direct phone lines to the speaker boxes in the banks. By using this way, all banks can hear all the deals which are being executed. Due to the open box system, a trader is also able to hear all prices quoted; whether the bid was hit or the offer taken; and the following price. What the trader will not be able to hear is the amounts of particular bids and offers and the names of the banks showing the prices. Prices are unidentified. Sometimes brokers charge a commission that is paid equally by the buyer and the seller. The fees are negotiated on an individual basis by the bank and the brokerage firm. Brokers show their customers the prices made by other customers either two-way ( bid and offer ) prices or one way ( bid or offer ) prices from his or her customers. Traders show different prices because they "read" the market in a different way; they have different opportunity and different interests. A broker who has more than one price on one or both parties will automatically optimize the price.That means, the broker will always show the highest bid and the lowest offer. Therefore, the market has right of entry to an optimal spread possible. Fundamental and technical analyses are used for predicting the future direction of the currency. A trader might analyze the market by hitting a bid for a small amount to see if there is any response. Another advantage is that brokers might provide a broader selection of banks to their clients. Some European and Asian banks have overnight desks for 24 hours optimization dealing with counterparts in American banks, adding to the liquidity of the market.
How Forex Trading Works..
How Forex Trading Works..
Currency trading is mainly about buy and sell activities. Currencies are traded on a price interest point (normally called pip) system. Every currency pair has their own pip value. The objective of a trader is to hold as many profitable pips as possible. Some pip values are fixed, but some can fluctuate depends on the currency gain or loses strength. Normally I trade by using margin trading, where small deposit is required to control much larger amount in the market. Here I will use 1 percent margin deposit so that $1000 control $100,000 of trade currency. $100,000 is the notional amount. Let me shows some major currency pair with the currency exchange rate and the pip values.
Currency
Currency exchange rate
Pip Value
(GBP/USD)
1.7204
$10.00 per pip (fixed)
(EUR/USD)
1.1789
$10.00 per pip (fixed)
(USD/CAD)
1.1642
$8.59 per pip (fluctuating)
(USD/JPY)
117.82
$8.49 per pip (fluctuating)
For GBP/USD, 1 pip movement can be from 1.7203 to 1.7204. That means from 1.7102 to 1.7202, it should be 100 pip movement. Lets look for another example, USD/JPY, 1 pip movement is from 117.82 to 117.83 and 100 pips movement is from 117.83 to 118.83.
Currency trading is mainly about buy and sell activities. Currencies are traded on a price interest point (normally called pip) system. Every currency pair has their own pip value. The objective of a trader is to hold as many profitable pips as possible. Some pip values are fixed, but some can fluctuate depends on the currency gain or loses strength. Normally I trade by using margin trading, where small deposit is required to control much larger amount in the market. Here I will use 1 percent margin deposit so that $1000 control $100,000 of trade currency. $100,000 is the notional amount. Let me shows some major currency pair with the currency exchange rate and the pip values.
Currency
Currency exchange rate
Pip Value
(GBP/USD)
1.7204
$10.00 per pip (fixed)
(EUR/USD)
1.1789
$10.00 per pip (fixed)
(USD/CAD)
1.1642
$8.59 per pip (fluctuating)
(USD/JPY)
117.82
$8.49 per pip (fluctuating)
For GBP/USD, 1 pip movement can be from 1.7203 to 1.7204. That means from 1.7102 to 1.7202, it should be 100 pip movement. Lets look for another example, USD/JPY, 1 pip movement is from 117.82 to 117.83 and 100 pips movement is from 117.83 to 118.83.
Learn Forex Trading Become Profitable Trader
Learn Forex Trading Become Profitable Trader
Our currency trading forex courses are awesome and the hard work to come out these forex training course are proven logical, powerful, robust and well presented methodology. We have the great trader and mentor. The strategies that are being taught honestly in the course have paved & lighted the forex trading path & turned the dumb money into smart money. The pivot point trading method is analagous to precision guidance system. The signal analysis method gives high level of accuracy and most of the traders truly learn from the concise and useful technical information.
Our currency trading forex courses are awesome and the hard work to come out these forex training course are proven logical, powerful, robust and well presented methodology. We have the great trader and mentor. The strategies that are being taught honestly in the course have paved & lighted the forex trading path & turned the dumb money into smart money. The pivot point trading method is analagous to precision guidance system. The signal analysis method gives high level of accuracy and most of the traders truly learn from the concise and useful technical information.
MAJOR HEADLINES – PREVIOUS SESSION
MAJOR HEADLINES – PREVIOUS SESSION
Germany Q4 preliminary GDP reading out at -2.1% QoQ vs. -1.8% expected
Switzerland Jan. PPI out at -0.8% MoM and -0.9% YoY vs. 0.0%/-0.1% expected, respectively
EuroZone Q4 preliminary GDP reading out at -1.5% QoQ vs. -1.3% expected
Canada Dec. New Motor Vehicle Sales fell -14.8% MoM
THEMES TO WATCH – UPCOMING SESSION
Events Today:
US Feb preliminary University of Michigan Confidence (1500)
US Treasury Secretary Geithner to hold press conference after G-7 (Sat 1430)
New Zealand Q4 Producer Prices (Sun 2145)
Japan Q4 preliminary GDP (Sun 2350)
Market RecapEquities stepped back from the brink yet again yesterday, as a late US session rally materialized on a vague announcement from the Obama administration that new measures are on the drawing board to aid certain mortgage holders before they get into trouble. The S&P has still avoided penetrating the 800 level, but the technical action in the Dow was perhaps more interesting, as the index dipped to new lows for the year before recovering and closing on a high note. This comeback throws a hurdle in front of the risk averse crowd, as we may need to see these lows breached to get out of this ever ranging environment in the pairs that trade along the axis of risk appetite. CAD proved that it is unwilling to weaken for now and displayed profound resilience despite a renewed steep slide in energy prices, with the front month in crude trading at 34 dollars a barrel as we write. If we look further forward, however, crude prices are a bit more stable, with year-forward crude trading 20 dollars above spot! It appears that CAD may follow overall risk appetite more than the energy market in the days ahead. EURCAD shorts seem to be the flavor of the moment as well.
Germany's GDP contracted at -2.1% on quarter on quarter comparisons, the sharpest contraction in more than twenty years and worse than expected. The overall EuroZone growth was also weaker than expected and continues to provide a strong headwind for the single currency in addition to the challenges in the banking system we discussed yesterday.
G-7 previewThe Telegraph was out this morning with an article suggesting that the German and French finance ministers are ready to take off the gloves with the UK's Darling on the weak sterling issue this weekend at the G7 meeting in Rome, as they are dealing with domestic complaints of British suppliers gaining orders due the UK's weak currency. The article even dramatically suggested that we could be witnessing the "opening salvo of a currency war". This is perhaps a bit over the top, and we suspect that the EuroZone's problems are so intractable that their weight will soon help unwind another sizable chunk of the EURGBP rally from last year as the pair heads back toward its 200-day moving average, now coming in below 0.8300. Still, all eyes should be on the intra-Europe dialog between the major powers over the weekend. We're also curious whether Euro is losing enough shine here to weaken through recent support in EURUSD regardless of the moves in other major asset markets. The 1.2700 area remains the first key downside trigger for opening up a try at those old lows below 1.2350. We suspect that the G-7 meeting will generate no changes to the basic line of recent meetings, and the focus is likely to remain on the global economic weakness and concerns over protectionism.
Other news and outlookThe Australian stimulus package finally passed muster in the Asian session, and the Aussie continues its bid tone as we head into the weekend. The recent sell-off from 0.6800+ cut deep, however, and AUD will likely need for equities to continue to rally to gain further traction. A key resistance level in the form of the 55-day moving average is approaching just above 0.6700.
Remember that this is a three-day weekend for US financial markets, as Monday is a banking holiday (President's day). Obama is trying to push Congress to pass the $789 Billion stimulus bill that was approved by the Senate yesterday after three Senate Republicans crossed the aisle after a compromise to the original, larger bill. We have a hard time seeing how this package can generate any significant optimism in the market, but after yesterday's late rally, there is the possibility that those positioned for further negative sentiment will want to square their positions ahead of the long weekend. Stay tuned.
The Japanese preliminary GDP figures for Q4 are due in Monday's Asian session, with an unbelievable -11.6% Annualized contraction expected. As one commenter stated: this is the worst data for any major economy - even during the great depression. With this in mind, it is tough to build a bullish case for the JPY, though it still seems to be trading largely on moves in risk appetite.
Chart: EURGBPEURGBP saw a very interesting pivot yesterday, as the pair found strong resistance right at the key 55-day moving average. The outlook is bearish below this level, but the situation is muddled a bit by the move back above 0.8800, which was the old low. If the pair works its way below recent lows, we could be launching an attack at the 200-day moving average, currently down below 0.8300. Just as we are going to publish, Lloyds announced further problems (7 billion pounds of impairments - worse than expected) at HBOS.
Germany Q4 preliminary GDP reading out at -2.1% QoQ vs. -1.8% expected
Switzerland Jan. PPI out at -0.8% MoM and -0.9% YoY vs. 0.0%/-0.1% expected, respectively
EuroZone Q4 preliminary GDP reading out at -1.5% QoQ vs. -1.3% expected
Canada Dec. New Motor Vehicle Sales fell -14.8% MoM
THEMES TO WATCH – UPCOMING SESSION
Events Today:
US Feb preliminary University of Michigan Confidence (1500)
US Treasury Secretary Geithner to hold press conference after G-7 (Sat 1430)
New Zealand Q4 Producer Prices (Sun 2145)
Japan Q4 preliminary GDP (Sun 2350)
Market RecapEquities stepped back from the brink yet again yesterday, as a late US session rally materialized on a vague announcement from the Obama administration that new measures are on the drawing board to aid certain mortgage holders before they get into trouble. The S&P has still avoided penetrating the 800 level, but the technical action in the Dow was perhaps more interesting, as the index dipped to new lows for the year before recovering and closing on a high note. This comeback throws a hurdle in front of the risk averse crowd, as we may need to see these lows breached to get out of this ever ranging environment in the pairs that trade along the axis of risk appetite. CAD proved that it is unwilling to weaken for now and displayed profound resilience despite a renewed steep slide in energy prices, with the front month in crude trading at 34 dollars a barrel as we write. If we look further forward, however, crude prices are a bit more stable, with year-forward crude trading 20 dollars above spot! It appears that CAD may follow overall risk appetite more than the energy market in the days ahead. EURCAD shorts seem to be the flavor of the moment as well.
Germany's GDP contracted at -2.1% on quarter on quarter comparisons, the sharpest contraction in more than twenty years and worse than expected. The overall EuroZone growth was also weaker than expected and continues to provide a strong headwind for the single currency in addition to the challenges in the banking system we discussed yesterday.
G-7 previewThe Telegraph was out this morning with an article suggesting that the German and French finance ministers are ready to take off the gloves with the UK's Darling on the weak sterling issue this weekend at the G7 meeting in Rome, as they are dealing with domestic complaints of British suppliers gaining orders due the UK's weak currency. The article even dramatically suggested that we could be witnessing the "opening salvo of a currency war". This is perhaps a bit over the top, and we suspect that the EuroZone's problems are so intractable that their weight will soon help unwind another sizable chunk of the EURGBP rally from last year as the pair heads back toward its 200-day moving average, now coming in below 0.8300. Still, all eyes should be on the intra-Europe dialog between the major powers over the weekend. We're also curious whether Euro is losing enough shine here to weaken through recent support in EURUSD regardless of the moves in other major asset markets. The 1.2700 area remains the first key downside trigger for opening up a try at those old lows below 1.2350. We suspect that the G-7 meeting will generate no changes to the basic line of recent meetings, and the focus is likely to remain on the global economic weakness and concerns over protectionism.
Other news and outlookThe Australian stimulus package finally passed muster in the Asian session, and the Aussie continues its bid tone as we head into the weekend. The recent sell-off from 0.6800+ cut deep, however, and AUD will likely need for equities to continue to rally to gain further traction. A key resistance level in the form of the 55-day moving average is approaching just above 0.6700.
Remember that this is a three-day weekend for US financial markets, as Monday is a banking holiday (President's day). Obama is trying to push Congress to pass the $789 Billion stimulus bill that was approved by the Senate yesterday after three Senate Republicans crossed the aisle after a compromise to the original, larger bill. We have a hard time seeing how this package can generate any significant optimism in the market, but after yesterday's late rally, there is the possibility that those positioned for further negative sentiment will want to square their positions ahead of the long weekend. Stay tuned.
The Japanese preliminary GDP figures for Q4 are due in Monday's Asian session, with an unbelievable -11.6% Annualized contraction expected. As one commenter stated: this is the worst data for any major economy - even during the great depression. With this in mind, it is tough to build a bullish case for the JPY, though it still seems to be trading largely on moves in risk appetite.
Chart: EURGBPEURGBP saw a very interesting pivot yesterday, as the pair found strong resistance right at the key 55-day moving average. The outlook is bearish below this level, but the situation is muddled a bit by the move back above 0.8800, which was the old low. If the pair works its way below recent lows, we could be launching an attack at the 200-day moving average, currently down below 0.8300. Just as we are going to publish, Lloyds announced further problems (7 billion pounds of impairments - worse than expected) at HBOS.
Forex Market Update
Forex Market Update
By John HardyConsultant/FX StrategistSaxo Bank
-->
Friday, Feb 13, 2009, 14:11 GMT
By John Hardy Consultant/FX Strategist Saxo Bank
EuroZone growth data disappoints as EUR crosses weaken ahead of weekend's G7 meeting. AUD rises on stimulus package, but could face resistance.
GBP erases last two days of losses versus the Euro - more strength to come? US headed for three-day holiday weekend.
By John HardyConsultant/FX StrategistSaxo Bank
-->
Friday, Feb 13, 2009, 14:11 GMT
By John Hardy Consultant/FX Strategist Saxo Bank
EuroZone growth data disappoints as EUR crosses weaken ahead of weekend's G7 meeting. AUD rises on stimulus package, but could face resistance.
GBP erases last two days of losses versus the Euro - more strength to come? US headed for three-day holiday weekend.
Market information
Market information
The chart and quote modules contain many tools and features to help you make your investment decisions. (Real-time prices. Source: Saxo Bank)
Show only quotes Show quotes and one chart (default) Show two charts and no quotes Show four charts and no quotes
You must have a Java plugin installed and enabled. Please download one from e.g. Sun
You must have a Java plugin installed and enabled. Please download one from e.g. Sun
The chart and quote modules contain many tools and features to help you make your investment decisions. (Real-time prices. Source: Saxo Bank)
Show only quotes Show quotes and one chart (default) Show two charts and no quotes Show four charts and no quotes
You must have a Java plugin installed and enabled. Please download one from e.g. Sun
You must have a Java plugin installed and enabled. Please download one from e.g. Sun
How to Trade Forex
How to Trade Forex
Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank online trading system, SaxoTrader.
The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.
The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and real-time account overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements
Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank online trading system, SaxoTrader.
The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.
The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and real-time account overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements
Sunday, February 8, 2009
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