If you are investing money overseas or receiving the proceeds of an overseas investment or pension, it's worth ensuring that you receive the very best exchange rate and minimise your fees. For small amounts, high fees and uncompetitive exchange rates can make a considerable difference to the final amount that you receive. UKForex can ensure that you maximise the value of your foreign exchange deal.
American Option
An option which may be exercised at any valid business date through out the life of the option.
Arbitrage
A risk-free type of trading where the same instrument is bought and sold simultaneously in two different markets in order to cash in on the difference in these markets.
Adjustable Peg
An exchange rate system where a country's exchange rate is "pegged" (i.e. fixed) in relation to another currency. The official rate may be changed from time to time. See peg, and crawling peg.
Aggregate Risk
Total amount of exposure a bank has with a customer for both spot and forward contracts.
Ask
The price at which the currency or instrument is offered.
Association Cambiste Internationale
The international society of foreign exchange dealers consisting of national "Forex clubs" affiliated on a worldwide basis.
Around
Used in quoting forward "premium / discount". "Five-five around" would mean five points on either side of the present spot value.
At Best
An instruction given to a dealer to buy or sell at the best rate that is currently available in the market.
At Par Forward Spread
When the forward price is equivalent to the spot price.
At the Price Stop-Loss Order
A stop-loss order that must be executed at the requested level regardless of market conditions.
UKForex is a wholly owned subsidiary of oz forex, a subsidiary of Macquarie Bank Limited, one of Australia's leading financial organisations. UKForex is part of the OzForex Group which also includes OzForex, CanadianForex, NZForex and Tranzfers.
Since its launch in 1998, the Group has grown to be one of the world's largest online foreign exchange companies by offering super competitive exchange rates, great technology and superb service.
The Group is an independent, online foreign exchange provider that operates dealing rooms in Sydney, London and Toronto. Offering seamless 24-hour access to Corporate and Private Client Dealers, the Group completes over 200,000 funds transfers per year on behalf of Clients. A combination of knowledge and expertise has made the Group a significant player in the global foreign exchange marketplace, and one of the world's leading online foreign exchange services, with over 500,000 visitors per month and more than 65,000 transacting customers globally.
UKForex employs a blend of cutting edge technology and superb customer service to bring a better deal to corporate and private customer alike. The Company's rapidly expanding client base includes small and medium-sized businesses that import and export goods, as well as migrants transferring financial assets, expatriates repatriating funds, and individuals investing overseas.
Last Week Recap
The EURO started the week above the 1.40 mark against the Greenback as a raft of positive Euro Zone data propelled the 16 nation currency upwards and onwards. Monday’s release of Euro Zone Trade Balance (actual EUR1 Billion; expected EUR4.6 Billion) and Tuesday German ZEW Survey (actual 56.4; forecast 45) – its highest reading in almost 3 years – pushed the EURO back above the 1.41 level, further adding evidence of a European and global economic recovery. Despite a downturn in equity markets mid week and weaker than expected reading in German Producer Prices (it’s worst reading in 60 years) did little to hamper the EURO ascent against the Greenback with it eventually hitting 4 day high of 1.4267. Thursdays Philadelphia Fed Index release for August came in better than forecast in August with the number coming in at 4.2 compared with a forecast of -2. Fridays Existing Home Sales for the month of July surprised coming in at 7.2% compared with a forecast of 2.3%, however it was the statement from Federal Reserve Chairman Bernanke that really got the market moving. Bernanke speaking at the Fed’s annual symposium indicated that the US has seen the worst of the recession and believes the recovery is well underway. He did however add caution that the pace of the recovery is “likely to be relatively slow at first, with unemployment declining only gradually from high levels.” The Greenback took a hit against a basket of currencies as risk appetite returned following Bernanke’s comments and a move up in equity markets which eventually saw the EURO grinding to a weekly high of 1.4375. Against the Yen, Monday’s release of Japanese GDP showed the local economy grew for the first time in five quarters adding further downside pressure on the big dollar. The Yen remained confined to the 93.50 to 95.50 range for the majority of the week with many traders expecting this continue in the short term. Resistance for USDJPY is found at 94.80 followed by 95.40; Support is found at 94 and second level support at 93.80.
Dealing with us is simple. You register on the website and then log in. When logged in you can get quotes, add beneficiary details and book deals/funds transfers. After you register, a UKForex representative will call you to discuss your transfer(s) and make sure the system is set up correctly for your needs. You will also be able to ask any questions you may have about the service and process at this time. You can lock in rates prior to us having your funds for currencies if we can receive funds overnight or you leave a small deposit. If it will take longer for funds to reach us, it is better to send the funds to us prior to booking the exchange rate. Once we have the funds, you will be advised and can then lock in the exchange rate.
Please note we do not support transfers in Indian Rupees, Indonesian Rupiah, Phillipine Peso, Thai Baht, Pakastini Rupee, Iraqi Dinar (and a number of other currencies) at
Benefits of using UKForex
No bank queues
One of the great things about our service is that you can complete an international transfer without leaving your office or home. We give you a variety of ways to get your funds to us so we can send the international transfer as quickly as possiblethis stage
FX Solutions is at it again with another forex trading competition. But this one will be bigger than ever. Contestants must have a minimum of $1,000 in their live trading accounts by July 7 and then they will be eligible to compete with thousands of traders across the globe for over 60 cash prizes amounting to $70,000. The grand prize winner is capable of winning up to $30,000. The winners will be announced August 24, 2006. Here are the details from the FX Solutions press release:
All FX Solutions Live Account holders that meet the eligibility requirements will be placed into one of four brackets via random distribution and will compete in three one-week competitions. Five award winners will be selected from each of the four brackets from the Preliminary Competitions. Winners will be the competitors that have the greatest percentage increase in their account. Top contestants from the Preliminary Competition will be awarded amounts ranging from $250 to $1,500. On July 30, 2006, all Preliminary Competition winners will be combined into one bracket for the “Final Competition.” The three traders with the greatest percentage increase will be awarded $25,000 $15,000 and $10,000 respectively.
The minimum deposit to start trading live at Forex Club is just $10. However, $10 won’t get you far. Even if you are a great trader, the account this small won’t yield more than several dollars a day. If you are aiming higher, consider starting with a larger account. We recommend starting with $500. This […]
FX Solutions is at it again with another forex trading competition. But this one will be bigger than ever. Contestants must have a minimum of $1,000 in their live trading accounts by July 7 and then they will be eligible to compete with thousands of traders across the globe for over 60 cash prizes amounting to $70,000. The grand prize winner is capable of winning up to $30,000. The winners will be announced August 24, 2006. Here are the details from the FX Solutions press release:
All FX Solutions Live Account holders that meet the eligibility requirements will be placed into one of four brackets via random distribution and will compete in three one-week competitions. Five award winners will be selected from each of the four brackets from the Preliminary Competitions. Winners will be the competitors that have the greatest percentage increase in their account. Top contestants from the Preliminary Competition will be awarded amounts ranging from $250 to $1,500. On July 30, 2006, all Preliminary Competition winners will be combined into one bracket for the “Final Competition.” The three traders with the greatest percentage increase will be awarded $25,000 $15,000 and $10,000 respectively.
The purpose of this site is to provide a few tools to assist in your trading.
No trading styles are currently discussed or promoted.
I will promote services that I have positive experience with and either currently using or have in the past.
First off I would like to thank Felix Homogratus for helping me in resurrecting my forex trading career and providing me the means to become a successful trader. (Returning from the ashes of an FXCM account was no easy task; they took the desire and enthusiasm out of trading.) To Our Success Felix...
This room & Sir Pipsalot has made a trader out of me...This was the next step in my progression. He is a fantastic trader that that not only leads us but teaches us as we trade; he has taken all of us in his trading room to a higher level with his insight and trading styles. Thanks Sir Pipsalot... and to Crazy Cat who assists and does so much of the behind the scenes work that helps make the room and the trades go smooth...
My big $ maker...The closest tool you can get to provide pressure free trading. If you want a tool that consistently provides fast entries try this one...constantly being enhanced and improved by ‘Guns and Roses’ and ‘Snow Man’...thanks guys, this is an awesome tool.
Thanks Rob, you taught me discipline in trading and what it takes to get to another level...we had a fun time in the room...
The signals that are installed into MT4 from this site, I have to say they have been fantastic and provided me additional confidence in my trading...thanks Gary for a nice system to add to my trading; Pips-away for us.
While I have just recently started using the signals from Mr X, I have to say they have been very profitable. During times of no trading the room is open for all to participate in the topics; but when it comes time for business, all discussions are halted so Mr X can concentrate on the upcoming possibilities.
Welcome to Forex World, This site has been set up as an information portal for all your Trading news, information and help. You may be an experinced trader looking for updates or a complet novice looking to learn all about forex, well we have something for everyone.
We are constatnly updating the site but are always looking for new ideas so if theres something you need to wpould like to seee then drop us an email via the contact page.
Fianlly we would like to wish you well in your financail endevours and hope our site has been of some use to you.
Thank You "The Forex TeamMany forex traders look for proposal from mentors or gurus who person done nothing or sell worthless forex robots all with reproduce track records when they could pick up proposal from some of the worlds best traders for $100 or less!. So who are these millionaire traders?
Well you will find plenty of them at your local online currency trading bookstore and location I person selected 3 trading books which every merchant should read. Location you are getting proposal for traders who person travel the walk rather simply talk the talk.
1. Merchant Vic - Methods of a Wall Street Master (Victor Sperandeo)
Victor Sperandeo is one of those traders who piles up consistent gains year after year and he did it for decades. Location he shares his knowledge on everything to do with trading - from psychology, to trend following correctly, to money management.
He isn’t a forex merchant but the perception he gives in to how to use technical analysis is simply superb.
His 2B method is worth the cost of the book on its own and his rules for drawing trend lines is something any religionist merchant should take personal letter of and he also looks in depth at Dow theory a method all traders should know about and I laughed out loud at the information of the Gamboni and its so true yet, most religionist traders fall into it.
The foreign exchange industry exists whenever one currency is traded for another. It is by far the largest market in the world in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The market is unique due to several factors including trading volume, the extreme liquidity of the market, geographical dispersion, the 24 hour trade day, the large number and variety of traders in the market and the variety of factors that affect exchange rates.
Among these factors that affect exchange rates is the news. This is one of the greatest advantages that the forex market has over all of the other markets; there is no such thing as insider trading. All a trader needs to do in the forex market is to stay abreast of the news, develop an opinion and apply that opinion to the markets. Some of the best currency trades in the world have been placed by investors following the news and taking advantage of the information given to them
Straighthold Investment Group provides Forex traders with excellent working conditions on the Forex Market. The main aim of the LiteForex project is to meet the needs of entry level traders and to help them ease their way to professionalism and success in Forex trading. Our trading terms and conditions suit Forex professionals as well. All these details make us feel that the LiteForex project is really universal and unique.
Below, please find a list of the 12 major advantages of collaborating with our company:
START FOREX TRADING WITH JUST $1
The LiteForex project offers you the unique opportunity to enter the Forex market with just ONE DOLLAR. All transactions on LITE group accounts are effected in US cents, so you can trade by 0.1 lots with margin rates of 1 % at a leverage of 1:100 or with margin rates of 0.5 % at a leverage of 1:200.
COMMISSION-FREE FOREX TRADING
Straighthold Investment Group allows you to make currency transactions on the Forex market with minimal expense - you pay no commissions, just spreads
We provide a 3 part comprehensive education process that covers all facets of our tried and proven trading methodology.
This includes education in the key issues of the psychology of trading and equity management.
For one (tax deductible) fee, this is just some of what you get:
No time limit demo account with live data feed.
Introduction to trading – Essentials Course includes 2 days training with max. 3 students, hard cover reference book and course notes.
Advanced trading techniques – Classic Course includes 2 days training with max. 3 students, hard cover reference book and course notes
The devil is in the detail – Meridian Course is a ½ day course one on one. Apply everything you have learnt along with some additional tools and profit from the results – course notes included.
Phone support throughout & ongoing
Access to our Professional Trader Network We facilitate our education using the spot foreign exchange market, or forex, because of profitability and risk control, however our technical analysis can be applied to any market.
This includes education in the key issues of the psychology of trading and equity management.
For one (tax deductible) fee, this is just some of what you get:
No time limit demo account with live data feed.
Introduction to trading – Essentials Course includes 2 days training with max. 3 students, hard cover reference book and course notes.
Advanced trading techniques – Classic Course includes 2 days training with max. 3 students, hard cover reference book and course notes
The devil is in the detail – Meridian Course is a ½ day course one on one. Apply everything you have learnt along with some additional tools and profit from the results – course notes included.
Phone support throughout & ongoing
Access to our Professional Trader Network We facilitate our education using the spot foreign exchange market, or forex, because of profitability and risk control, however our technical analysis can be applied to any market.
Foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world. Currency pair - Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, meaning the price of one unit of XXX (called the base currency) expressed in terms of YYY (called the secondary currency). For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.3045 dollar. Out of convention, the first currency in the pair, the base currency, was the stronger currency at the creation of the pair. Spot price or spot rate of a currency is the price that is quoted for immediate (spot) settlement (payment and delivery). Spot settlement is normally one or two business days from trade date. Buy – when you buy the primary currency you sell the secondary currency. When the price goes up you gain, and when it goes down you lose. For example, when you buy the EURUSD, you buy the euro and you sell the dollar. Sell – when you sell the primary currency you buy the secondary currency. When the price goes up you lose, and when it goes down you gain. For example, when you buy the EURUSD, you sell the euro and you buy the dollar. Spread is the difference between the price available for an immediate sale (bid) and for an immediate buy (ask). For example: The exchange rate between the South African rand and the United States dollar might be 6.50 rand to the dollar. A person looking to convert rand into dollars might have to pay 6.55 rand for each dollar, while a person looking to convert dollars to rand might receive only 6.45 rand for each dollar he converts. It is usually written as USD\ZAR 6.45\6.55, or simply 6.45\55. Rollovers / Premium - On the AvaTrader platform, all open positions are automatically rolled or swapped to the next business day on 22:00 GMT. A premium is then either added or subtracted based on the interest rate differential between the two currencies being traded. You can see the overnight premiums on the instruments window, in the Prem. Buy $ / Prem. Sell $ columns. Balance & Equity – Balance represents the cash you have in your account, while equity represents the current value of your account. For example: you deposited $10,000 and opened a position EURUSD that gains $800. Your balance is still $10,000, and your equity is $10,800. Once you close your position both your balance and equity will be $10,800. Leverage – Most retail forex market makers permit 100:1 leverage but also, crucially, require you to have a certain amount of money in your account to protect against a critical loss point. For example, if a $100,000 position is held in EURUSD on 100:1 leverage, the trader has to put up $1,000 to control the position. However, in the event of a declining value of your positions, most forex brokers will close out your position when your margin goes below the 1%, essentially requiring you to always keep much more than the 1%. At Ava we dont close out your position until the margin is 90% depleted – in our example $100. Margin is the amount of money that must be maintained in order to support the open positions in an account. If there are not enough funds in the account, a margin call will be issued. Margin Call – When the margin posted in the margin account is below the minimum margin requirement, the broker or exchange issues a margin call. The investor now either has to increase the margin that he has deposited, or he can close out his position. He can do this by selling the open positions if he is long and by buying them back if he is short. PIP A percentage in point (pip) = 0.0001 (or 0.01 in Japanese Yen) is the smallest measure of price move used in forex trading. For instance, if the currency pair EUR/USD is currently trading at 1.3000 and then the exchange rate changes to 1.3010, the pair did a 10 pips move. The pip is the smallest measure regardless of the fractional representation of the currency exchange rate. Thus, 1.3000 to 1.3010 is the same move in pips terms as 110.00 to 110.10. Pips are sometimes called points. Interest is compensation to the lender for foregoing other useful investments that could have been made with the loaned money. Instead of the lender using the assets directly, they are advanced to the borrower. The borrower then enjoys the benefit of the use of the assets ahead of the effort required to obtain them, while the lender enjoys the benefit of the fee paid by the borrower for the privilege.
The Forex market is the largest and most liquid financial market in the world. Thanks to the World Wide Web the Forex market is now accessible for everyone. Start with only USD 50 (approx. EUR 35) to trader in the Forex market and take your advantages out of it. The revolution under the trading platforms: ● trade from 25$ (about 20€) position size ● Leverage from 1:100 to 1:400 ● Real time trading platform ● No complicated trading systems and graphics ● Innovative and simple trading tools ● Continuously update of the trading
FOREX - WORLDWIDE
platform ● Simple and user friendly software ● Software is available in 12 different languages ● Visualized trading platform ● Free and unlimited practice account ● Withdrawal via different payment tools ● Automatically Stop Loss in order to minimize risk ● Take Profit option in order to assure your profits ● Chat with other traders through the public or private chat ● excellent customer support ● Invite a friend – get $100 and for your friend $50 Use virtual money mode for practice. One of the unique features is that the platform provides you with a practice environment. Virtual money mode works exactly the same as real trading mode and uses the same real time rates, with the small difference of no risk involved. We recommend using the practice mode to get to know the platform and gain Forex trading experience
FOREX - WORLDWIDE
platform ● Simple and user friendly software ● Software is available in 12 different languages ● Visualized trading platform ● Free and unlimited practice account ● Withdrawal via different payment tools ● Automatically Stop Loss in order to minimize risk ● Take Profit option in order to assure your profits ● Chat with other traders through the public or private chat ● excellent customer support ● Invite a friend – get $100 and for your friend $50 Use virtual money mode for practice. One of the unique features is that the platform provides you with a practice environment. Virtual money mode works exactly the same as real trading mode and uses the same real time rates, with the small difference of no risk involved. We recommend using the practice mode to get to know the platform and gain Forex trading experience
NEW YORK (Reuters) - The surge in credit risk among the world's richest nations amid a crippling global banking crisis has spooked investors and fueled a sell-off in their currencies.
Analysts say these countries' looming struggles to repay hefty amounts of debt could haunt their currencies long after the financial turmoil subsides.
Since January, the risk of default by countries such as Britain and some in the euro zone, as measured by prices on their credit default swaps (CDS), has expanded dramatically, prompting a sell-off in the pound and the euro.
"The relationship between CDS and FX could get even stronger as rates converge to zero, making it difficult for investors to differentiate between currencies from a monetary policy perspective," said Michael Hart, European head of FX strategy at Citigroup in London.
"So people would focus more on fiscal concerns and the sustainability of their budgets."
So far, the most worrying country has been Britain, once the bedrock of financial stability.
On Thursday, the cost of insuring UK borrowings spiked to a record high at 148 basis points on Thursday, or $148,000 for every $10 million in debt over a five-year period, according to CMA Datavision.
The rise in CDS prices came after Moody's said UK ratings are being tested by the strains facing the global economy even as Britain has introduced its stimulus package to combat the financial crisis.
But that rescue plan will widen the country's budget deficit to more than 4 percent of gross domestic product in 2009 -- more than any G7 country apart from the United States -- analysts say.
Sterling has fallen as Britain's CDS have surged, losing 2.8 percent so far in 2009.
"I do worry about defaults and that's why I have reduced my sterling positions to zero," said Axel Merk, portfolio manager of the Merk Hard Currency Fund in Palo Alto, California.
"There's just no appetite for the pound," he said. "It doesn't help the British financial institutions that many of the deposits are sterling-based and the loans are in foreign currencies."
U.S. DEBT BURDEN
The widely discussed U.S. debt burden of nearly $2 trillion this year arising from spending to combat the economic crisis has also rung alarm bells and caused the country's CDS to surge.
CDS protecting U.S. debt soared to a near-record high at 84 basis points on Thursday, or $84,000 per $10 million debt as credit conditions in U.S. banks worsened. Investors were also concerned about the huge debt the United States needs to raise in bonds to stem the crisis.
Analysts say these countries' looming struggles to repay hefty amounts of debt could haunt their currencies long after the financial turmoil subsides.
Since January, the risk of default by countries such as Britain and some in the euro zone, as measured by prices on their credit default swaps (CDS), has expanded dramatically, prompting a sell-off in the pound and the euro.
"The relationship between CDS and FX could get even stronger as rates converge to zero, making it difficult for investors to differentiate between currencies from a monetary policy perspective," said Michael Hart, European head of FX strategy at Citigroup in London.
"So people would focus more on fiscal concerns and the sustainability of their budgets."
So far, the most worrying country has been Britain, once the bedrock of financial stability.
On Thursday, the cost of insuring UK borrowings spiked to a record high at 148 basis points on Thursday, or $148,000 for every $10 million in debt over a five-year period, according to CMA Datavision.
The rise in CDS prices came after Moody's said UK ratings are being tested by the strains facing the global economy even as Britain has introduced its stimulus package to combat the financial crisis.
But that rescue plan will widen the country's budget deficit to more than 4 percent of gross domestic product in 2009 -- more than any G7 country apart from the United States -- analysts say.
Sterling has fallen as Britain's CDS have surged, losing 2.8 percent so far in 2009.
"I do worry about defaults and that's why I have reduced my sterling positions to zero," said Axel Merk, portfolio manager of the Merk Hard Currency Fund in Palo Alto, California.
"There's just no appetite for the pound," he said. "It doesn't help the British financial institutions that many of the deposits are sterling-based and the loans are in foreign currencies."
U.S. DEBT BURDEN
The widely discussed U.S. debt burden of nearly $2 trillion this year arising from spending to combat the economic crisis has also rung alarm bells and caused the country's CDS to surge.
CDS protecting U.S. debt soared to a near-record high at 84 basis points on Thursday, or $84,000 per $10 million debt as credit conditions in U.S. banks worsened. Investors were also concerned about the huge debt the United States needs to raise in bonds to stem the crisis.
NEW YORK (Reuters) - The surge in credit risk among the world's richest nations amid a crippling global banking crisis has spooked investors and fueled a sell-off in their currencies.
Analysts say these countries' looming struggles to repay hefty amounts of debt could haunt their currencies long after the financial turmoil subsides.
Since January, the risk of default by countries such as Britain and some in the euro zone, as measured by prices on their credit default swaps (CDS), has expanded dramatically, prompting a sell-off in the pound and the euro.
"The relationship between CDS and FX could get even stronger as rates converge to zero, making it difficult for investors to differentiate between currencies from a monetary policy perspective," said Michael Hart, European head of FX strategy at Citigroup in London.
"So people would focus more on fiscal concerns and the sustainability of their budgets."
So far, the most worrying country has been Britain, once the bedrock of financial stability.
On Thursday, the cost of insuring UK borrowings spiked to a record high at 148 basis points on Thursday, or $148,000 for every $10 million in debt over a five-year period, according to CMA Datavision.
The rise in CDS prices came after Moody's said UK ratings are being tested by the strains facing the global economy even as Britain has introduced its stimulus package to combat the financial crisis.
But that rescue plan will widen the country's budget deficit to more than 4 percent of gross domestic product in 2009 -- more than any G7 country apart from the United States -- analysts say.
Sterling has fallen as Britain's CDS have surged, losing 2.8 percent so far in 2009.
"I do worry about defaults and that's why I have reduced my sterling positions to zero," said Axel Merk, portfolio manager of the Merk Hard Currency Fund in Palo Alto, California.
"There's just no appetite for the pound," he said. "It doesn't help the British financial institutions that many of the deposits are sterling-based and the loans are in foreign currencies."
U.S. DEBT BURDEN
The widely discussed U.S. debt burden of nearly $2 trillion this year arising from spending to combat the economic crisis has also rung alarm bells and caused the country's CDS to surge.
CDS protecting U.S. debt soared to a near-record high at 84 basis points on Thursday, or $84,000 per $10 million debt as credit conditions in U.S. banks worsened. Investors were also concerned about the huge debt the United States needs to raise in bonds to stem the crisis.
Analysts say these countries' looming struggles to repay hefty amounts of debt could haunt their currencies long after the financial turmoil subsides.
Since January, the risk of default by countries such as Britain and some in the euro zone, as measured by prices on their credit default swaps (CDS), has expanded dramatically, prompting a sell-off in the pound and the euro.
"The relationship between CDS and FX could get even stronger as rates converge to zero, making it difficult for investors to differentiate between currencies from a monetary policy perspective," said Michael Hart, European head of FX strategy at Citigroup in London.
"So people would focus more on fiscal concerns and the sustainability of their budgets."
So far, the most worrying country has been Britain, once the bedrock of financial stability.
On Thursday, the cost of insuring UK borrowings spiked to a record high at 148 basis points on Thursday, or $148,000 for every $10 million in debt over a five-year period, according to CMA Datavision.
The rise in CDS prices came after Moody's said UK ratings are being tested by the strains facing the global economy even as Britain has introduced its stimulus package to combat the financial crisis.
But that rescue plan will widen the country's budget deficit to more than 4 percent of gross domestic product in 2009 -- more than any G7 country apart from the United States -- analysts say.
Sterling has fallen as Britain's CDS have surged, losing 2.8 percent so far in 2009.
"I do worry about defaults and that's why I have reduced my sterling positions to zero," said Axel Merk, portfolio manager of the Merk Hard Currency Fund in Palo Alto, California.
"There's just no appetite for the pound," he said. "It doesn't help the British financial institutions that many of the deposits are sterling-based and the loans are in foreign currencies."
U.S. DEBT BURDEN
The widely discussed U.S. debt burden of nearly $2 trillion this year arising from spending to combat the economic crisis has also rung alarm bells and caused the country's CDS to surge.
CDS protecting U.S. debt soared to a near-record high at 84 basis points on Thursday, or $84,000 per $10 million debt as credit conditions in U.S. banks worsened. Investors were also concerned about the huge debt the United States needs to raise in bonds to stem the crisis.
Trading has been in existence for several years. All these things are mandatory for survival.
Currency trading isn’t new in the market ; in truth, it’s been there for most many years now. Currency trading essentially involves the purchasing and / or selling of different foreign currencies in the world market, often called the FX market. Why not include different foreign currencies in your portfolio, this way you may have cash in all its different aspects. The finance market operates 24 hours a day. You’ll be able to find a lot of different currencies in the world.
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Pretty much every country has its own currency, but per foreign exchange trading, the trading of currencies is only done with what’s commonly called the majors. The major currencies that are traded in the FX market are Euro Buck , UK Pound, Canadian Buck , Yankee Greenback , Australian Dollar, Jap Yen, and Swiss Franc. Folk who have no idea anything about currency trading could find the business a bit weird, because usually currencies are used to buy products and services, and not currencies.
Do not be left out, now you can even do foreign exchange trading in your house. You do not need to go to the FX market, so long as you’ve got an internet connection. There are a large amount of things to think about when you start trading. It might be best if you can do a tiny research and discover what the business is all about ; you have to understand the entire process to avoid major losses. Foreign exchange trading could be a way to earn income, but when done in the wrong way, it can get extremely costly. Currency exchange foreign exchange trading is dangerous compared to stocks and bonds.
But it’s also a rewarding business because you can gain a lot inside a split of a second or a jiffy. Folk from all kinds of life can be concerned in currency exchange trading so long as they know the way to correctly do it. The subsequent thing to do is to find the right system that works best for you. Again, do a little bit of research ; and you can use trial versions which are free. Look for client testimonials ; and after carefully considering all of the factors concerned, you can select one system that you can make use in your trade. Another thing is to get a good broker who can effectively help you in your FOREX trading and together you can create a method. And who knows, you may be the following person to earn lots of cash in the FX market.
If you believe you can hit it big in the currency market, ensure that you use all the available resources around you to be in a position to learn about the business. After you have gained data about currency trading, and managed to invent a good methodology, you are free to start fx trading as fast as possible.
Currency trading isn’t new in the market ; in truth, it’s been there for most many years now. Currency trading essentially involves the purchasing and / or selling of different foreign currencies in the world market, often called the FX market. Why not include different foreign currencies in your portfolio, this way you may have cash in all its different aspects. The finance market operates 24 hours a day. You’ll be able to find a lot of different currencies in the world.
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Pretty much every country has its own currency, but per foreign exchange trading, the trading of currencies is only done with what’s commonly called the majors. The major currencies that are traded in the FX market are Euro Buck , UK Pound, Canadian Buck , Yankee Greenback , Australian Dollar, Jap Yen, and Swiss Franc. Folk who have no idea anything about currency trading could find the business a bit weird, because usually currencies are used to buy products and services, and not currencies.
Do not be left out, now you can even do foreign exchange trading in your house. You do not need to go to the FX market, so long as you’ve got an internet connection. There are a large amount of things to think about when you start trading. It might be best if you can do a tiny research and discover what the business is all about ; you have to understand the entire process to avoid major losses. Foreign exchange trading could be a way to earn income, but when done in the wrong way, it can get extremely costly. Currency exchange foreign exchange trading is dangerous compared to stocks and bonds.
But it’s also a rewarding business because you can gain a lot inside a split of a second or a jiffy. Folk from all kinds of life can be concerned in currency exchange trading so long as they know the way to correctly do it. The subsequent thing to do is to find the right system that works best for you. Again, do a little bit of research ; and you can use trial versions which are free. Look for client testimonials ; and after carefully considering all of the factors concerned, you can select one system that you can make use in your trade. Another thing is to get a good broker who can effectively help you in your FOREX trading and together you can create a method. And who knows, you may be the following person to earn lots of cash in the FX market.
If you believe you can hit it big in the currency market, ensure that you use all the available resources around you to be in a position to learn about the business. After you have gained data about currency trading, and managed to invent a good methodology, you are free to start fx trading as fast as possible.
The users that upload ebooks to our site must be sure that the books have a open licence or a author's permission.If we receive a complaint from the ebook's author, we will delete the link immediately.Any opinions, files, links, or other information contained on this website is responsibility of the users of our services that publish it.Mundo Forex is provided immunity by the United States Congress in Section 230 of the Communications Decency Act of 1996 from being held responsible for material published to our site by users of our services. As a user of this site, you will be held solely responsible for the content of any message and files that you post.Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.The information in this site is provided "as is" and we do not guarantee the accuracy of the materials provided herein for any particular purpose and expressly disclaim any warranty or fitness for a particular purpose. We will not be responsible for any loss or damage, financial or otherwise, that could result from any information made available to you via this site.External links and advertisements are provided as a convenience to web visitors and are not under the direct control of Mundo Forex. Mundo Forex is not responsible for the views and opinions represented in the provided website links and advertisements, and is not responsible for their availability, content, or delivery of services.
Step 1Forex chart with a trendline break.
When trading the forex market you want to use 5 minute to 30 minute charts if you are daytrading.If you are trading longer term then 60 minute to a 1 day forex chart work best. Up Trend LineAn up trend line has a positive slope and is formed by connecting two of more low points. The second low must be higher than the first for the line to have a positive slope. Up trend lines act as support and indicate that demand is increasing even as the price rises. A rising price combined with increasing demand is very bullish and shows a strong determination on the part of the buyers. As long as prices remain above the trend line, the up trend is considered solid and intact. A break below the up trend line indicates that demand has weakened and a change in trend could occur.Down Trend LineA down trend line has a negative slope and is formed by connecting two or more high points. The second high must be lower than the first for the line to have a negative slope. Down trend lines act as resistance and indicate that supply is increasing even as the price declines. A declining price combined with increasing supply is very bearish and shows the strong resolve of the sellers. As long as prices remain below the down trend line, the downtrend is considered solid and intact. A break above the down trend line indicates that net-supply is decreasing and a change of trend could occur.When you draw an up trend line, you connect the lows of the bars or candlesticks if you are using candlestick charts.Drawing a down trend line, you connect the highs. The first step in constructing a trend line is to choose the time frame: 5 minute,30 minute or longer chart time frames. A long-term time frame can be from 1 day or up to a year, an intermediate period several weeks to several months, and short term will be less than a day to several weeks. The periodicity of the charts, intraday, daily, or weekly will depend on the time frame chosen for trading, in any case, the procedure for drawing the trend line will be the same.Remember you can draw horizontal trend lines to define support and resistance levels.These levels are very important and most forex traders will trade off the support and resistance chart levels
When trading the forex market you want to use 5 minute to 30 minute charts if you are daytrading.If you are trading longer term then 60 minute to a 1 day forex chart work best. Up Trend LineAn up trend line has a positive slope and is formed by connecting two of more low points. The second low must be higher than the first for the line to have a positive slope. Up trend lines act as support and indicate that demand is increasing even as the price rises. A rising price combined with increasing demand is very bullish and shows a strong determination on the part of the buyers. As long as prices remain above the trend line, the up trend is considered solid and intact. A break below the up trend line indicates that demand has weakened and a change in trend could occur.Down Trend LineA down trend line has a negative slope and is formed by connecting two or more high points. The second high must be lower than the first for the line to have a negative slope. Down trend lines act as resistance and indicate that supply is increasing even as the price declines. A declining price combined with increasing supply is very bearish and shows the strong resolve of the sellers. As long as prices remain below the down trend line, the downtrend is considered solid and intact. A break above the down trend line indicates that net-supply is decreasing and a change of trend could occur.When you draw an up trend line, you connect the lows of the bars or candlesticks if you are using candlestick charts.Drawing a down trend line, you connect the highs. The first step in constructing a trend line is to choose the time frame: 5 minute,30 minute or longer chart time frames. A long-term time frame can be from 1 day or up to a year, an intermediate period several weeks to several months, and short term will be less than a day to several weeks. The periodicity of the charts, intraday, daily, or weekly will depend on the time frame chosen for trading, in any case, the procedure for drawing the trend line will be the same.Remember you can draw horizontal trend lines to define support and resistance levels.These levels are very important and most forex traders will trade off the support and resistance chart levels
Earning has come to just a click away with the advent of online forex trading. The internet has already proved its worth in the trading system online, be it any business and when trading in forex market is talked about it has scored again.It is a lot easier for the online trader to make investments online thus increasing his returns. The forex trading software has made the entire process further effortless. The software makes the trader task pretty uncomplicated by making and closing deals on its own thus leaving the trader tension-free, even where decision making process is concerned.The online trading system with the help of software helps the trader and the broker to witness market changes right in front of them on the computer screen and that too in no time! Currency trading online can be learnt in no time with the help of the software. The process can be initiated on demo accounts and with virtual money which later on is easily applicable on real account and actual money. Practicing on virtual money spares the trader the risk of spending and loosing actual money.Forex trading can be started at any point of time with gaining knowledge from the various courses available on the internet. These also are demo accounts available wherein the trader can actually learn trading in simpler ways. The learning process can go on slowly as the trader learns all the nuances of the forex market. The courses and demo accounts and other e-books make it very easy for the trader to know all that he needs to enter the forex market and start investing on real money.To enhance the learning procedure, there also is currency trading software which gives an overall knowledge of the trading business and helps not only the new trader but also the experienced trader in investing online. The software provides all the required information and tips on investing so the decision making becomes easier for the trader.To know which the appropriate software and how to use it, the trader can also take help from forex software review which tell him about the software usage, its performance and outcome. Reviews prove of a real help while buying software for trading online, as they might be given be users or experts. No matter how much experience the trader might have in the trade, he would need to update his knowledge every now and then in order to be successful.For that required earning through forex trade, whether online or otherwise, the forex trading strategies remain the same and a knowledgeable and experienced trader and broker would use them just the right way to generate maximum profits.
The greenback posted a negative performance today as a decreased demand for safety made investors to leave the U.S. currency attracted to riskier assets in emergent markets.
The dollar lost today against several emergent market currencies as North American companies like Apple Inc. posted higher-than-expected earnings, raising investors’ confidence to purchase emergent market currencies like the Russian ruble, and commodity linked currencies like the Canadian dollar
The dollar lost today against several emergent market currencies as North American companies like Apple Inc. posted higher-than-expected earnings, raising investors’ confidence to purchase emergent market currencies like the Russian ruble, and commodity linked currencies like the Canadian dollar
The Australian dollar, one of the main high-yielding currencies among the 16 most traded, has been witnessed a sharp decline since last week’s new wave of pessimism struck equities and commodities markets.
Since last week the Aussie entered a significant downtrend mainly against the yen and the greenback after a U.S. employment report indicated more-than-expected job cuts in the North American nation, suggesting that the global slump will still be the main world financial scenario for an undetermined period of time. The Australian dollar is down for almost a week as stock markets have been bearish for almost a week, and tomorrow, an Australian jobs report is likely to show that the unemployment reached the highest level in six years, adding to the already negative outlook for the Australian currency. The Aussie high-yielding profile lost attractiveness as investors look for safety purchasing assets mostly priced in U.S. dollar or in yen.
Economists affirm that a combination of two individual factors weigh negatively on the Aussie’s outlook, the new wave of optimism, and tomorrow’s jobs report, which is likely to come negative. The Australian dollar has climbed significantly as the global economy showed signs of recovery, but as the global slump insists to affect markets, we will be likely to see a weakening Aussie for the next weeks.
Since last week the Aussie entered a significant downtrend mainly against the yen and the greenback after a U.S. employment report indicated more-than-expected job cuts in the North American nation, suggesting that the global slump will still be the main world financial scenario for an undetermined period of time. The Australian dollar is down for almost a week as stock markets have been bearish for almost a week, and tomorrow, an Australian jobs report is likely to show that the unemployment reached the highest level in six years, adding to the already negative outlook for the Australian currency. The Aussie high-yielding profile lost attractiveness as investors look for safety purchasing assets mostly priced in U.S. dollar or in yen.
Economists affirm that a combination of two individual factors weigh negatively on the Aussie’s outlook, the new wave of optimism, and tomorrow’s jobs report, which is likely to come negative. The Australian dollar has climbed significantly as the global economy showed signs of recovery, but as the global slump insists to affect markets, we will be likely to see a weakening Aussie for the next weeks.
Hedgers are very often businesses, or individuals, who at one point or another deal in the underlying cash commodity. Take, for instance, a major food processor who cans corn. If corn prices go up. he must pay the farmer or corn dealer more. For protection against higher corn prices, the processor can "hedge" his risk exposure by buying enough corn futures contracts to cover the amount of corn he expects to buy. Since cash and futures prices do tend to move in tandem, the futures position will profit if corn prices rise enough to offset cash corn losses.
Speculators are the second major group of futures players. These participants include independent floor traders and investors. Independent floor traders, also called "locals", trade for their own accounts. Floor brokers handle trades for their personal clients or brokerage firms.
Speculators are the second major group of futures players. These participants include independent floor traders and investors. Independent floor traders, also called "locals", trade for their own accounts. Floor brokers handle trades for their personal clients or brokerage firms.
Trading commodity futures is the absolute Perfect Business if you know how to trade successfully.A Brief HistoryIn the 1840s, Chicago had become a commercial center with railroad and telegraph lines connecting it with the East. Around this same time, the McCormick reaper was invented which eventually lead to higher wheat production. Midwest farmers came to Chicago to sell their wheat to dealers who, in turn, shipped it all over the country.
He brought his wheat to Chicago hoping to sell it at a good price. The city had few storage facilities and no established procedures either for weighing the grain or for grading it. In short, the farmer was often at the mercy of the dealer.
1848 saw the opening of a central place where farmers and dealers could meet to deal in "spot" grain - that is, to exchange cash for immediate delivery of wheat.
He brought his wheat to Chicago hoping to sell it at a good price. The city had few storage facilities and no established procedures either for weighing the grain or for grading it. In short, the farmer was often at the mercy of the dealer.
1848 saw the opening of a central place where farmers and dealers could meet to deal in "spot" grain - that is, to exchange cash for immediate delivery of wheat.
The futures contract, as we know it today, evolved as farmers (sellers) and dealers (buyers) began to commit to future exchanges of grain for cash. For instance, the farmer would agree with the dealer on a price to deliver to him 5,000 bushels of wheat at the end of June. The bargain suited both parties. The farmer knew how much he would be paid for his wheat, and the dealer knew his costs in advance. The two parties may have exchanged a written contract to this effect and even a small amount of money representing a "guarantee."
Such contracts became common and were even used as collateral for bank loans. They also began to change hands before the delivery date. If the dealer decided he didn't want the wheat, he would sell the contract to someone who did. Or, the farmer who didn't want to deliver his wheat might pass his obligation on to another farmer The price would go up and down depending on what was happening in the wheat market. If bad weather had come, the people who had contracted to sell wheat would hold more valuable contracts because the supply would be lower; if the harvest were bigger than expected, the seller's contract would become less valuable. It wasn't long before people who had no intention of ever buying or selling wheat began trading the contracts. They were speculators, hoping to buy low and sell high or sell high and buy low.
Trading Futures
Hedgers are very often businesses, or individuals, who at one point or another deal in the underlying cash commodity. Take, for instance, a major food processor who cans corn. If corn prices go up. he must pay the farmer or corn dealer more. For protection against higher corn prices, the processor can "hedge" his risk exposure by buying enough corn futures contracts to cover the amount of corn he expects to buy. Since cash and futures prices do tend to move in tandem, the futures position will profit if corn prices rise enough to offset cash corn losses.
Speculators are the second major group of futures players. These participants include independent floor traders and investors. Independent floor traders, also called "locals", trade for their own accounts. Floor brokers handle trades for their personal clients or brokerage firms.
He brought his wheat to Chicago hoping to sell it at a good price. The city had few storage facilities and no established procedures either for weighing the grain or for grading it. In short, the farmer was often at the mercy of the dealer.
1848 saw the opening of a central place where farmers and dealers could meet to deal in "spot" grain - that is, to exchange cash for immediate delivery of wheat.
He brought his wheat to Chicago hoping to sell it at a good price. The city had few storage facilities and no established procedures either for weighing the grain or for grading it. In short, the farmer was often at the mercy of the dealer.
1848 saw the opening of a central place where farmers and dealers could meet to deal in "spot" grain - that is, to exchange cash for immediate delivery of wheat.
The futures contract, as we know it today, evolved as farmers (sellers) and dealers (buyers) began to commit to future exchanges of grain for cash. For instance, the farmer would agree with the dealer on a price to deliver to him 5,000 bushels of wheat at the end of June. The bargain suited both parties. The farmer knew how much he would be paid for his wheat, and the dealer knew his costs in advance. The two parties may have exchanged a written contract to this effect and even a small amount of money representing a "guarantee."
Such contracts became common and were even used as collateral for bank loans. They also began to change hands before the delivery date. If the dealer decided he didn't want the wheat, he would sell the contract to someone who did. Or, the farmer who didn't want to deliver his wheat might pass his obligation on to another farmer The price would go up and down depending on what was happening in the wheat market. If bad weather had come, the people who had contracted to sell wheat would hold more valuable contracts because the supply would be lower; if the harvest were bigger than expected, the seller's contract would become less valuable. It wasn't long before people who had no intention of ever buying or selling wheat began trading the contracts. They were speculators, hoping to buy low and sell high or sell high and buy low.
Trading Futures
Hedgers are very often businesses, or individuals, who at one point or another deal in the underlying cash commodity. Take, for instance, a major food processor who cans corn. If corn prices go up. he must pay the farmer or corn dealer more. For protection against higher corn prices, the processor can "hedge" his risk exposure by buying enough corn futures contracts to cover the amount of corn he expects to buy. Since cash and futures prices do tend to move in tandem, the futures position will profit if corn prices rise enough to offset cash corn losses.
Speculators are the second major group of futures players. These participants include independent floor traders and investors. Independent floor traders, also called "locals", trade for their own accounts. Floor brokers handle trades for their personal clients or brokerage firms.
The best way to find out about ACM, who we are and what we do is to pick up the telephone and call us. For those potential customers who prefer to browse rather than discuss, we have created this very complete "about us" section with many facts and explanations about ACM.
Our insistence on transparency is shown through the following pages where we inform the general public on our business model, concepts central to our company like the concept of WYCIWYG (what you click is what you get) and even the way in which we make money is discussed.The main concepts at the core of our Advanced Currency Markets are:1) Offering the most competitive, transparent and simple execution to the foreign exchange trader (to such an extent that most traders having used other brokers before us are quite agreeably surprised).2) Transparency in everything we do, from the way we present our company to potential customers to our method of execution.3) Keeping our profit margin small per customer. Most foreign exchange dealers focus on increasing their profit margins per trade. We at ACM focus on decreasing our profit margins per trade (within reason) so that our execution can be better than that of other brokers and through using skillful marketing techniques gaining the largest market share possible because of our outstanding conditions. The result is practically no cost trading for even very small customers.4) There's no point chasing after customers who don't want to open an account. At ACM we only call customers that ask to be called and we believe that traders who are serious about opening an account will do so without having an ACM employee call them 3 times a week. Basically we respect people's intelligence and right to privacy. The added value to this concept is that it is a cost effective way of running a business.
Our insistence on transparency is shown through the following pages where we inform the general public on our business model, concepts central to our company like the concept of WYCIWYG (what you click is what you get) and even the way in which we make money is discussed.The main concepts at the core of our Advanced Currency Markets are:1) Offering the most competitive, transparent and simple execution to the foreign exchange trader (to such an extent that most traders having used other brokers before us are quite agreeably surprised).2) Transparency in everything we do, from the way we present our company to potential customers to our method of execution.3) Keeping our profit margin small per customer. Most foreign exchange dealers focus on increasing their profit margins per trade. We at ACM focus on decreasing our profit margins per trade (within reason) so that our execution can be better than that of other brokers and through using skillful marketing techniques gaining the largest market share possible because of our outstanding conditions. The result is practically no cost trading for even very small customers.4) There's no point chasing after customers who don't want to open an account. At ACM we only call customers that ask to be called and we believe that traders who are serious about opening an account will do so without having an ACM employee call them 3 times a week. Basically we respect people's intelligence and right to privacy. The added value to this concept is that it is a cost effective way of running a business.
FX Trading, Corp. is a Financial consultant services company, namely providing foreign exchange financial information; electronic foreign exchange quote services via Internet, e-mail and telephone; consultation services in the field of trading strategies for speculation and hedging; managing, tracking and reporting foreign exchange purchase and sale transactions, providing on-line Internet access to financial exchange information; online global research and analysis of foreign exchange rate calculation services; hedge fund investment services in the nature of financial hedging assistance programs. FX Trading, Corp. is not a Futures Commission Merchant or also known as a Clearing Firm/House. FX Trading, Corp. is also not an Introducing Broker for any United States FCM’s.
Clients routinely benefit from the size and strength of one the world's largest online foreign exchange providers. Clients benefit from the $3.2 Trillion dollars traded daily on the Forex Market. FX Trading helps clients with the Forex market by helping them understand what is offered such as, standard and mini account size. Clients can deal with a fixed dealing spread of either 1 or 2 pips on the major currency pairs and crosses. We associate clients with clearing houses that will not widen spreads under any market condition - including before and after major economic releases or other important news and events. It is important to remember that quality of execution is every bit as important as tight spreads. In other words, tight spreads are meaningless if you cannot get filled at your price. This is a very subtle but important point, and we stand behind our commitment to provide both: competitive dealing spreads AND quality fills. Limited Risk - Negative Balance Protection. Your risk is only limited to funds on deposit. Margin policy eliminates concerns about debit balances by closing all open positions in your account if your account value falls below a certain level (usually $500 USD of equity for standard accounts and $50 USD of equity for mini accounts) this helps protect you from owing more then what you have in your account.
The South African currency, which hit an eleven-month high versus the greenback this week, pared its weekly gains as an Indian newspaper affirmed that the merging of Bharti with MTN may take longer than expected, raising concerns about investments in South Africa.
After posting virtually two weeks of consecutive gains versus most of the 16 main traded currencies, on renewed optimism and stocks rally, the South African rand ended the week with a negative performance as the Economic Times stated that MTN Group Ltd., the largest African mobile-telephone operator will take longer to close a deal with Bharti Airtel Ltd., which is interested in a stake of Africa’s mobile network, promising the injection of $7 billion in the South African economy. According to the newspaper, the complexity of the deal may delay the negotiations in additional weeks, raising concerns about the money to be invested in South Africa by the Indian telecom operator.
The influence of the companies’ merge in South Africa is strong, considering the size of the deal, an eventual delay is expected to affected the South African currency, at the same time as a strong rand may decrease attractiveness for Bharti to invest in South Africa, since costs become naturally higher. This Friday’s devaluation was a healthy correction for the rand and for the upcoming mobile-operators’ deal.
Foreign Currency Exchange (Forex) Trading allows an investor to participate in profitable fluctuations of world currencies. Forex trading works by selecting pairs of currencies and then measuring profit or loss by the fluctuations of one one currency's market activity compared to the other. For example, fluctuations in the value of the $ U.S. Dollar are measured against another world currency such as the British Pound, Eurodollar, Japanese Yen etc. Being able to discern price trends in market activity is the essence of all profitable trading and this is what makes foreign currencies so exciting, currencies are the world's 'best trending' market. This gives Forex investors a profit making edge that is unavailable in most other markets.
Forex Trading is being called 'today's exciting new investment opportunity for the savvy investor'. The reason is that the Forex Trading Market only began to emerge in 1978, when worldwide currencies were allowed to 'float' according to supply and demand, 7 years after the Gold Standard was abandoned. Up until 1995 Forex Trading was only available to banks and large multinational corporations but today, thanks to the proliferation of the computer and a new era of internet-based communication technologies, this highly profitable market is open to everyone. The Forex Trading Market's growth has been unprecedented, explosive, and continues to be unequaled by any other trading market.
Unlike traditional trading which brings buyers and sellers together in a central location (trading floors) in Forex Trading there is no need for a centralized location. Forex is a market where worldwide traders conduct business by high-speed Internet connections with the Interbank Foreign Currency Exchange via Forex Clearinghouses (also called Forex Brokerage Firms). Forex has not only become the fastest growing trading market, but also the most profitable trading marketplace in the world.
Simply stated, Forex is the most profitable because it is the world's largest marketplace. The Foreign Currency market as a whole accounts for over 1.2 trillion dollars of trading per day (as determined by the fourth Central Bank Survey of Foreign Exchange and Derivatives Market Activity, 1998. This figure is understood to be significantly higher today). To put this into perspective, on any given day the Foreign Currency Exchange Market activity is vastly greater than the Stock Market. It is 75 times greater than the New York Stock Exchange where the average total daily value (using 1998 figures) of both foreign and domestic stocks is $16 billion, and much greater than the daily activity on the London Stock Exchange, with $11 billion.
Furthermore, in addition to being the world's largest and most profitable market, The Foreign Currency Exchange Market is the world's most powerful and persistent trading market regardless of negative economic indicators. This is because currencies 'trend' better than every other market due to their macro-economic nature. Unlike many commodities whose supply and demand fundamentals can literally change overnight (as we found in the sudden dot com 'market adjustment' and even more abruptly on September 11, 2001), currency fundamentals are much less random, and far more predictable. This is well illustrated in the way interest rates are changed gradually and only in small increments.
Other examples of fundamental predictability are illustrated by the following statistics. Of the $1.2 trillion day trading in Foreign Currency Exchange, 83% of spot foreign exchange activity and 95% of swap activity involves US Dollars. The Euro is the second most active currency at 37%. The Japanese Yen (24%) and the British Pound Sterling (10%) are ranked third and fourth. The Swiss Franc is 7%, and the Canadian and Australian Dollars account for 3%.
Spot Forex is the type of forex trade in which self-traders concentrate most of their investment activity for reasons that are self-explanatory. By definition, a Spot Forex transaction is a currency trade transaction that has a settlement (liquidation) within a maximum of 2 working days following the closing of the trade. Therefore Spot Forex allows the self-trader high liquidity. Another popular feature for well-advised Spot Forex self-traders is the strong profit potential from continual market fluctuations by buying a specific currency when it is weaker and selling it when it is stronger, and the continual pairing of strong currencies against weak ones. This potential for profit or loss is amplified by the effect of leverage. Leverage is a term that describes what can be achieved when a smaller amount of money controls a much larger amount of money. With regards to Forex Trading for example, a leverage-factor of 100 can allow the trader to hold a 100,000 US Dollar position with a modest 1,000 US Dollar margin deposit. Online Forex day trading focuses its investment activity largely on Spot Forex because of the 'risk manageability' of in-and-out trading plus the potential to generate excellent and highly liquid profits.
"Few financial industries generate as much excitement and profit as currency exchange. Traders around the world enter trades for weeks, days or split seconds, generating explosive moves or steady flows, and money changes hands quickly at a staggering daily average of a trillion US dollars. Forex profitability is legendary. George Soros of Quantum Fund realized a profit in excess of 1 billion dollars for a couple of days work in September 1992. Hans Hufschmid of Soloman Brothers, Inc. netted $28 million for 1993. Even by Wall Street standards, these numbers are heartstoppers".*
Despite its high trading volume and its fundamental role in the world, the Forex Market is rarely in the media limelight because its method of trading transaction is less visible than the Floor of a Stock Exchange. However, trading on the Foreign Currency Exchange Market is today surging into the public awareness, as flocks of internet traders are attracted by the market's inherent profitability and risk manageability. Add to this the absence of geographic or temporal boundaries and vibrantly active Forex market is open to all players.
Forex Trading is being called 'today's exciting new investment opportunity for the savvy investor'. The reason is that the Forex Trading Market only began to emerge in 1978, when worldwide currencies were allowed to 'float' according to supply and demand, 7 years after the Gold Standard was abandoned. Up until 1995 Forex Trading was only available to banks and large multinational corporations but today, thanks to the proliferation of the computer and a new era of internet-based communication technologies, this highly profitable market is open to everyone. The Forex Trading Market's growth has been unprecedented, explosive, and continues to be unequaled by any other trading market.
Unlike traditional trading which brings buyers and sellers together in a central location (trading floors) in Forex Trading there is no need for a centralized location. Forex is a market where worldwide traders conduct business by high-speed Internet connections with the Interbank Foreign Currency Exchange via Forex Clearinghouses (also called Forex Brokerage Firms). Forex has not only become the fastest growing trading market, but also the most profitable trading marketplace in the world.
Simply stated, Forex is the most profitable because it is the world's largest marketplace. The Foreign Currency market as a whole accounts for over 1.2 trillion dollars of trading per day (as determined by the fourth Central Bank Survey of Foreign Exchange and Derivatives Market Activity, 1998. This figure is understood to be significantly higher today). To put this into perspective, on any given day the Foreign Currency Exchange Market activity is vastly greater than the Stock Market. It is 75 times greater than the New York Stock Exchange where the average total daily value (using 1998 figures) of both foreign and domestic stocks is $16 billion, and much greater than the daily activity on the London Stock Exchange, with $11 billion.
Furthermore, in addition to being the world's largest and most profitable market, The Foreign Currency Exchange Market is the world's most powerful and persistent trading market regardless of negative economic indicators. This is because currencies 'trend' better than every other market due to their macro-economic nature. Unlike many commodities whose supply and demand fundamentals can literally change overnight (as we found in the sudden dot com 'market adjustment' and even more abruptly on September 11, 2001), currency fundamentals are much less random, and far more predictable. This is well illustrated in the way interest rates are changed gradually and only in small increments.
Other examples of fundamental predictability are illustrated by the following statistics. Of the $1.2 trillion day trading in Foreign Currency Exchange, 83% of spot foreign exchange activity and 95% of swap activity involves US Dollars. The Euro is the second most active currency at 37%. The Japanese Yen (24%) and the British Pound Sterling (10%) are ranked third and fourth. The Swiss Franc is 7%, and the Canadian and Australian Dollars account for 3%.
Spot Forex is the type of forex trade in which self-traders concentrate most of their investment activity for reasons that are self-explanatory. By definition, a Spot Forex transaction is a currency trade transaction that has a settlement (liquidation) within a maximum of 2 working days following the closing of the trade. Therefore Spot Forex allows the self-trader high liquidity. Another popular feature for well-advised Spot Forex self-traders is the strong profit potential from continual market fluctuations by buying a specific currency when it is weaker and selling it when it is stronger, and the continual pairing of strong currencies against weak ones. This potential for profit or loss is amplified by the effect of leverage. Leverage is a term that describes what can be achieved when a smaller amount of money controls a much larger amount of money. With regards to Forex Trading for example, a leverage-factor of 100 can allow the trader to hold a 100,000 US Dollar position with a modest 1,000 US Dollar margin deposit. Online Forex day trading focuses its investment activity largely on Spot Forex because of the 'risk manageability' of in-and-out trading plus the potential to generate excellent and highly liquid profits.
"Few financial industries generate as much excitement and profit as currency exchange. Traders around the world enter trades for weeks, days or split seconds, generating explosive moves or steady flows, and money changes hands quickly at a staggering daily average of a trillion US dollars. Forex profitability is legendary. George Soros of Quantum Fund realized a profit in excess of 1 billion dollars for a couple of days work in September 1992. Hans Hufschmid of Soloman Brothers, Inc. netted $28 million for 1993. Even by Wall Street standards, these numbers are heartstoppers".*
Despite its high trading volume and its fundamental role in the world, the Forex Market is rarely in the media limelight because its method of trading transaction is less visible than the Floor of a Stock Exchange. However, trading on the Foreign Currency Exchange Market is today surging into the public awareness, as flocks of internet traders are attracted by the market's inherent profitability and risk manageability. Add to this the absence of geographic or temporal boundaries and vibrantly active Forex market is open to all players.
LiteForex offers revolutionary trading technology for beginner traders, and lets you start trading in the Forex market depositing just ONE DOLLAR! Your deposit appears in US cents on the Lite group accounts, so you feel like you are trading the same amount in US Dollars. This new technology allows Forex beginners to learn Forex in a REAL life situation with minimal investment!
LiteForex also offers competitive trading conditions for Forex professionals all around the world, and provides a dedicated Forex trading server and experienced customer support as well as analysis of Forex market and a professional affiliate program.
With more than 124,000 serviced users, more than 45,000 unique and live Forex trading accounts, more than 300 new traders every day, and more than 700,000 live orders every month, LiteForex is one of the most popular and fastest growing Forex companies in the world.
LiteForex also offers competitive trading conditions for Forex professionals all around the world, and provides a dedicated Forex trading server and experienced customer support as well as analysis of Forex market and a professional affiliate program.
With more than 124,000 serviced users, more than 45,000 unique and live Forex trading accounts, more than 300 new traders every day, and more than 700,000 live orders every month, LiteForex is one of the most popular and fastest growing Forex companies in the world.
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