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
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