| |
|
Forex FX is the Foreign Exchange Currency Market
This is the largest financial
market in the world, with a daily average turnover of US$1.9
trillion - 30 times larger than the combined volume of all
U.S. equity markets.
A true 24-hour market, Forex trading begins each day in
Sydney, and moves around the globe as the business day begins
in each financial center, first to Tokyo, London, and New
York. Unlike any other financial market, investors can
respond to currency fluctuations caused by economic, social
and political events at the time they occur - day or night.
The FX market is considered an over the counter or interbank
market, due to the fact that transactions are conducted
between two counterparts over the telephone or via an
electronic network. Trading is not centralized on an
exchange, as with the stock and futures markets.
|
|
|
|
Foreign Exchange is the simultaneous buying of one currency
and selling of another. Currencies are traded in pairs,
for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen
(USD/JPY). There are two reasons to buy and sell
currencies. About 5% of daily turnover is from companies and
governments that buy or sell products and services in a
foreign country or must convert profits made in foreign
currencies into their domestic currency. The other 95%
is trading for profit, or speculation.
For speculators, the best trading opportunities are with the
most commonly traded, and therefore most liquid currencies,
called the 'Majors'. Today, more than 85% of all daily
transactions involve trading of the 'Majors', which include
the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc,
Canadian Dollar and Australian Dollar. |
|
Even though there are many huge players in Forex, it is
accessible to the small investor thanks to recent changes in
the regulations. Previously, there was a minimum
transaction size and traders were required to meet strict
financial requirements. With the advent of Internet trading,
regulations have been changed to allow large interbank units
to be broken down into smaller lots. Each lot is worth about
$100,000 and is accessible to the individual investor through
'leverage' – loans extended for trading. Typically, lots can
be controlled with a leverage of 100:1 meaning that US$1,000
will allow you to control a $100,000 currency exchange.
| |
|
|
 |
-
-
Successful Forex Day Trader
Being a forex day trader can be very
lucrative. The currency market is by far the most liquid
and volatile market in the world and with this come
various opportunities. No matter what type of market you
chose to day trade you must know the “personality” of
the market you are trading. Every market has it’s own
characteristics and it is important to know what they
are before attempting to profit from it. The forex
market is no different. In this article we will go over
very important general day trading principles/rules and
then we will see what a daytrader has to recognize when
specifically day trading the forex market.
As the term implies, day traders are concerned with what
happens in the market today. Not tomorrow, not next week
and not next month, but today.
The day trader’s job is to capture intraday price
swings. Depending on the system or trading method
employed, this can mean capturing one intraday swing or
various intraday swings.
The general job of a day trader is -
read more
|
|
|
|
|
Forex
Trading Fraud Warnings
A forex scam is
any trading scheme used to defraud individual traders by
convincing them that they can expect to profit by trading in
the foreign exchange market. These scams might include
churning of customer accounts for the purpose of generating
commissions, selling software that is supposed to guide the
customer to large profits, improperly managed "managed
accounts", false advertising, ponzi schemes and
outright fraud. It also refers to any retail forex broker
who indicates that trading foreign exchange is a low risk,
high profit investment.
An official of the National Futures Association was
quoted as saying, "Retail forex trading has increased
dramatically over the past few years. Unfortunately, the
amount of forex fraud has also increased dramatically..."
Between 2001 and 2006 the U.S. Commodity Futures Trading
Commission has prosecuted more than 80 cases involving the
defrauding of more than 23,000 customers who lost $300
million, mostly in managed accounts.
The CFTC lists 9 warning signs for foreign exchange trading
fraud -
read more |
|
|
|
Forex Day Trading -
Bollinger Bands
Bollinger Bands are used to confirm trading signals. Normally
from a Momentum, the bands indicate overbought and oversold
levels relative to a moving average.
Contracting bands warn that the market is about to trend: the
bands first converge into a narrow neck, followed by a sharp
price movement. The first breakout is often a false move,
preceding a strong trend in the opposite direction.
A move that starts at one band normally carries through to the
other, in a ranging market. A move outside the band
indicates that the trend is strong and likely to continue - unless
price quickly reverses -
read more
|
|
|
|
Forex Trading
While Forex
trading is becoming more popular in the United States, the
vast majority of investors still do not understand the massive
advantages offered in the foreign currency market when
compared to equities or fixed income trading. When you fully
grasp the following concepts, you'll understand why you might
want to reconsider your current investment strategies -
read more |
| |
|
Forex Trading
Patterns
Most traders have heard of seasonal patterns, something which
is mostly associated with commodities. The foreign exchange
market also has calendar patterns which influence trading, and
just like in commodities, traders can take advantage of them
to improve their odds for success and profits -
read
more |
|
|
|
Forex
Mini Demo Account
There are several
schools of thought on how a new trader should progress from
learning to actual live trading. In this article we will
discuss the best ways for a new trader to learn how to trade
the forex and make their first live trades -
read more |
|
|
|
|
|
Forex Trading
- Currency Futures
Many traders have made the switch from currency futures to
spot foreign exchange forex trading. Spot foreign
exchange is always traded as one currency in relation to
another. So a trader who believes that the dollar will rise in
relation to the Euro, would sell EUR/USD. That is, sell Euros
and buy US dollars. The following is a guide for quoting
conventions -
read more |
|
|
|
|
|
Forex Currency
Trading Programs |
|
Forex Mentoring and Trading Education
Online Forex training based on a price
behavior approach. Complete trading education program
covering the most important aspects of trading, including
intensive forex mentoring with 1 on 1 coaching and
individual conference sessions, and member forum. |
|
|
|
Trading Education and Trade Signal Scanning
Combination
of trading services including, a collection of expert trader
trading seminars, a data and charting program, Dow Jones
News AND the Smart Scan
tool that allows you to deep scan over 160,000 symbols to find those
poised for big moves. This is a one-of-a-kind scanning system that is
used by professionals to make their recommendations. |
|
|
|
Professional Trader Education Value Pack for Forex Traders
Receive over 15 hours (8 CD's) of our best Forex trading
education in one package! Containing the newest Advanced
Forex CD, this education pack focuses on exactly what you
need to know to become a successful Forex Trader.
|
|
The Fantastic World of Forex
Learn Forex
Trading from a pro with this Brand New CD - by Mike Mc Mahon
- pips, leverage, which currencies to trade - it's all here!
|
|
Advanced Forex Trading Strategies
Learn the
more advanced Forex Trading techniques from a pro with this
Brand New CD - step-by-step instructions through high
probability entries, exits and the necessary stops to give
you maximum profitability and capital preservation.
|
|
Technical Analysis for the Professional Forex Trader Part 1
Learn to use charts and technical indicators in
a clear, simple and concise manner to improve your trade
entries and exits.
|
|
Technical Analysis for the Professional Forex Trader Part 2
Learn to use Support & Resistance in
combination with proper Trend Line drawing to mark on the
high probability Entry/Exit. You learn how to "Stay In" a
trade as we explore continuation patterns and the use of
Moving Averages.
|
|
Technical Analysis for the Professional Forex Trader Part 3
Learn to use Technical Indicators for the
trading of Forex. We will explore their proper use and
evaluation and dispel many of the bad beliefs many have been
given by the "guru's".
|
|
|
|
|
|
Forex Currency News |
|
4 |
|
|
|
|
|
Save To Your Favorite Social
Bookmarking Sites |
|
|
