Forex trading, or the foreign exchange trading market (also commonly known as FX trading or simply, currency exchange,
involves trading one currency for another. Forex is by far and away the
largest financial market in the world. Trades are made between large
banks, central banks, currency speculators, multinational corporations,
governments, and even the other financial markets. According to The Bank
for International Settlements (BIS), a world-wide central bank
organization, the average daily trade in the global forex and related
markets is currently over three trillion US dollars – A DAY. This is
several times larger than all the U.S stock markets combined. The
trading is done from all round the world, with little or no hard cash
changing hands.
Wednesday, October 19, 2011
Forex Trading vs Stock Market
Two of the main differences between (and some would say advantages over) the forex market compared to the stock market are:
1. Trading hours. The
forex market is open 24 hours a day. Trading is done over three
continents, allowing a trader to trade continuously and to react
immediately to events and new developments. The market opens on Sunday
evening and closes Friday night.
Thursday, September 29, 2011
Forex Trading Guide - FX Trading for Dummies
Forex trading, or the foreign exchange trading market (also commonly known as FX trading or simply, currency exchange, involves trading one currency for another. Forex is by far and away the largest financial market in the world. Trades are made between large banks, central banks, currency speculators, multinational corporations, governments, and even the other financial markets. According to The Bank for International Settlements (BIS), a world-wide central bank organization, the average daily trade in the global forex and related markets is currently over three trillion US dollars – A DAY. This is several times larger than all the U.S stock markets combined. The trading is done from all round the world, with little or no hard cash changing hands.
Forex Trading vs Stock Marke
Two of the main differences between (and some would say advantages over) the forex market compared to the stock market are:
1. Trading hours. The forex market is open 24 hours a day. Trading is done over three continents, allowing a trader to trade continuously and to react immediately to events and new developments. The market opens on Sunday evening and closes Friday night.
Spreads in Forex Trading
The BID price is the price at which a client can sell a unit of the base currency (in return for buying the secondary currency) and the ASK/OFFER price is the price at which a client can buy a unit of the base currency. For example, if the quote for the exchange rate of the Euro/U.S. Dollar in the market is 1.2583/1.2586, this means that the client can pay $1.2586 in order to buy one Euro (the base currency) and will receive $1.2583 if one Euro is sold. The BID price is lower than the ASK price and the difference or 'spread' between the two numbers is measured in 'pips' (3 pips here) and represents the profit of the dealing room or trading house.
Retail forex brokers or " market makers ," working on behalf of retail clients only handle a tiny fraction of the forex market. One retail broker estimates the total retail volume at $25–50 billion daily, which is approximately 2% of the whole market. Nonetheless, this is a substantial market for the individual trader and the ready availability of good quality trading platforms means this is an ever growing segment.
Trading Concepts and Mechanis
Currency Pairs
Currency prices can only fluctuate relative to another currency, so they are always traded in pairs. Two of the most common currency pairs are the price for euros in US dollars EUR/USDand the price for the British pound in US dollars GBP/USD
Wednesday, September 28, 2011
Tuesday, September 27, 2011
Saturday, September 24, 2011
Friday, September 23, 2011
Thursday, September 22, 2011
Stocks by Dato - Sync your Google Finance Portfolio with your Android Phone
This is an excellent application for the Android phones and is one of the most downloaded stock apps with over 250,000 downloads according the Android store and it has a 4 star review with thousands of reviews. If you use Google Finance to track your portfolio information than this app makes everything in your stock monitoring world bliss, with easy synchronization with Google Finance this Android app keeps your data seem less whether you are sitting at the office with your desktop or on the golf course with your buddies enjoying a nice afternoon.
The application supports several different markets from the US, Japan, Europe and many more. During the day the data will be constantly updating just like Google finance would be if you were checking the web browser.
Global TradinG And Domains for Site
If you happen to be a guru in international trade and currency, a foreign domain is a vital necessity to any business looking to gain exposure around the globe. Whether you advise people on how to invest their money in foreign markets or simply assist people in understanding how to invest, any domain pertaining to international currency will help you widen your investment market. There is a large audience of people who may have an interest in Turkish currency and trade, and you can offer your services if you happen to have extensive knowledge on the topic. There is a large market that is sensitive to international trading, so a UK-based foreign trading site is imperative for building investment confidence and trust for international traders
Global Trading And Domains for Your Site
The UK is the largest global market in foreign exchange trading which adds exceptional value to .co.uk domains within the foreign exchange domain category. Are you a banker, speculator or investor looking for a high-yield domain names to expand international business within the UK? There are several domains available to expand your business with very broad titles to gain international attention from the UK.
Timing is Everything with Domain
Do you think the successful companies that took years to brand and build their businesses waited before they settled on a solid domain name? If only we had purchased domains like apple.com or dell.com years ago, can you imagine the worth of those sites? This is the same challenge you are facing now. The availability of these great sites that have a background and are already doing the work for your business on an international level is an incredible gift.
A gift not only to yourself, but to your business because you want people to say 5 and 10 years from now, “If only I had purchased RussianCurrency.co.uk… we’d be in really nice financial shape right now!” There plenty of sites that offer amazingUK Forex Domains names regarding foreign exchange and trading, so do yourself a favor and make the best investment with an international UK domain name.
A gift not only to yourself, but to your business because you want people to say 5 and 10 years from now, “If only I had purchased RussianCurrency.co.uk… we’d be in really nice financial shape right now!” There plenty of sites that offer amazingUK Forex Domains names regarding foreign exchange and trading, so do yourself a favor and make the best investment with an international UK domain name.
Stock Alert - Monitor the movement of individual stocks with an Android Smart Phon
The Stock Alert application is a slick little stock market monitoring application. It has integrated news from around the market including a You tube feature to provide you up to date with market information as well a standard ticker and stock portfolio set up. The unique feature about Stock Alert is that it allows you to set up a system to be notified when one of the stocks you trade hits a specific number either high or low. This allows the average investor to be a little more in tune with the fast changing market and able to make a decision about buying or selling a specific stock at the right time.
Setting this application up is pretty easy for monitoring your stocks, you can even set it up to watch foreign currencies.
The Stock Alert application by Pocketools is a free ad supported Android mobile application.
Forex for Beginners - How does a transaction on the Forex?
Recalling certain concepts in atransaction of Forex , a currency is sold in exchange for another when the exchange rate expresses the relative value between two currencies, but these boundaries are usually identified by a code called 'Swift' with three digits. For example, EUR = euro, USD= U.S. dollar, CHF = Swiss franc and so on, as you can see in this article that elaborates the basic concepts of forex. An exchange rate of EUR / USD of 1.5000 or merely 1.5 means that 1 € is worth $ 1.5, that is, we need $ 1.5 to buy € 1. Ie is the Euro against the dollar is tipped and replies to the question: How many USD (U.S. dollars) worth 1 euro? The answer is the price of EUR / USD.
INVESTMENT EXCHANGE RATE
Sometimes, EUR / USD is referred to as a currency pair. We can, however, reverse the exchange rate. So an exchange rate of EUR / USD 1.5000 is the same as an exchange rate of USD / EUR 0.6666 for (we are working with four decimal places, most brokers also works with 4, but many choose to have 5 decimal places) . In other words, $ 1 is worth € 0666, but while the EURUSD EURUSD is quoted or merely the USD / EUR or USDEUR is not listed. There is a convention in this financial market which indicates that most currencies tend to be quoted against the dollar, but there are notable exceptions, such as EUR / USD we have mentioned and that is the most traded pair in this market, the GBP / USD ( Sterling) and the AUD / USD (Australian dollar) that other pairs are traded but not much follow the convention of being listed for them, and answering the question: How many dollars are needed to acquire or 1 1 GBP AUD? This is not as confusing as it may seem. And I tried to address here the inversion for the currency pairs do not think it a very strange concept.
HOW TO KNOW WHAT ANINFLUENCE EXCHANGE RATE?
Noting the window above the FXOpen , there are many factors that determine a free floating value of different currencies and exchange on the market, such as economic and political conditions, the level of interest rates influenced by demand and credit supply ads rise and lowering of interest rates for a particular country or monetary union, as well as other published data concerning imports and exports. Please note that the fact that a currency loses value relative to another does not always mean that the economy is slowing. So in basic terms there is a lot to work to uncover what motivates a rise or fall. In fundamental terms the Forex is much more complex and many economists have studied for years and years the functioning of the forex market just getting too long-term theories and impractical. So the way they advise you to look at the Forex is the technical point of view, looking graphics. And then figure out what will influence the EURUSD or GBPUSD and where should I buy or sell, regardless of the timeline.
Tuesday, May 3, 2011
Motives of the brokers offering demo accounts
Some newbies will be worried about the motives of the brokers offering demo accounts. However, you shouldn‘t be worrying about that at all. This way they are trying to attract more real account traders, which in turn generate more money for the forex brokers. Brokers hope that after you have used the demo account and it fits your trading requirements, you will like it and trade in real account. There are no charges for using demo accounts. If you are very scary of giving away your personal details, you could even create a fictitious persona using only your email (which could also be purposefully created for the demo account).
Real account might work somewhat differently from the demo account
Real account might work somewhat differently from the demo account. Sometimes the orders that you place could take much more time to be executed in real account than in demo. If your strategy is based on short time order placements (getting in and out in a couple of minutes), this time slippage would definitely mean a drawback and money loss eventually. Also have in mind that some demo trading platforms appear differently from the real account trading platforms. Check those things before choosing your broker.
Money management
Money management
The mentioned psychological factor leads to another essential matter – money management. The chosen high leverage in demo account platform would mean big profit in just one trade. Likewise, it would also mean big loss if a chosen currency pair would turn in the wrong direction. You might have a good profitable trading system which you tested in demo account, but using high leverage and hoping for a big money is not enough. You have to apply some probability rules and sound money management which would keep you from making irrational decisions when you are loosing or wining and you must do that in demo account.
Risking a fraction of your balance
Loss means stress and frustration, winning means excitement and joy and you will only be able to control those emotions risking a fraction of your balance. It‘s very hard to keep risking small part of your demo account balance and you will always be tempted to "play big“. If a successful trade probability is 60% you still cannot risk 20% of your balance, because you will loose everything in just 5 successive losing trades. And you can never be 100% sure that your next trade is a winner; forex will never give you that opportunity.
There is no easy money
Hence, remember – there is no easy money in forex, greed and stress are not welcome in forex investment. If you want real trading, be ready to face some psychological pressure, which cannot be fully experienced in demo trading account.
Trading Concepts and Mechanisms
Currency Pairs
Currency prices can only fluctuate relative to another currency, so they are always traded in pairs. Two of the most common currency pairs are the price for euros in US dollars EUR/USDand the price for the British pound in US dollars GBP/USD
Forex Trading vs Stock Market
Two of the main differences between (and some would say advantages over) the forex market compared to the stock market are:
Forex Trading Hours for Major Currency Markets As mentioned above, the forex market is open 24 hours a day, five days a week (with limited trading during weekends)
Tokyo: 19.00 to 04.00 EST
New York: 08.00 to 17.00 EST
London: 03.00 to 12.00 (noon) EST
Sydney: 17.00 to 02.00 EST
New York: 08.00 to 17.00 EST
London: 03.00 to 12.00 (noon) EST
Sydney: 17.00 to 02.00 EST
How Forex Hours Affect Your Trading
There are four major currency markets and time zones that drive the majority of the worlds forex trading: USA, Europe, Asia, and Australia. The forex market opens in Tokyo at 23.00 GMT on Sunday and closes 5 days later at 10:00 PM in Chicago, ending the so-called forex trading week.
Friday, April 29, 2011
Important Announcement
Hi Friends!!!!!!!!
How Are You Doing ???? I hope You are Fine and Happy I hope so!!!
Reason For Writing this Message is To Lease You Burden .. if You are Irritating and Suffering From My Daily of Weekly Emails Feed burners Alerts E-Mails in Your INBOX.... If You Want to Unsubscribe or Stop Receiving My Emails or Blog Updates . Then Frankly Email me at ServeHuman@gmail.com or Click on Below Unsubscribe Blue Link at the Last of this Message....... Appreciate Your Feedback and Advises.....
God Bless You All
Your Sincere / Regard
Daniyal Ahmad
Admin : Hotmazia.com
How Are You Doing ???? I hope You are Fine and Happy I hope so!!!
Reason For Writing this Message is To Lease You Burden .. if You are Irritating and Suffering From My Daily of Weekly Emails Feed burners Alerts E-Mails in Your INBOX.... If You Want to Unsubscribe or Stop Receiving My Emails or Blog Updates . Then Frankly Email me at ServeHuman@gmail.com or Click on Below Unsubscribe Blue Link at the Last of this Message....... Appreciate Your Feedback and Advises.....
God Bless You All
Your Sincere / Regard
Daniyal Ahmad
Admin : Hotmazia.com
Thursday, April 28, 2011
Wednesday, April 27, 2011
Make Free Calls Computer to Mobile or Landline .. Have it Try it .. Its really 100% Work .. Only on at www.call.hotmazia.com
Make Free Calls Computer to Mobile or Landline .. Have it Try it .. Its really 100% Work .. Only on at www.call.hotmazia.com
Monday, April 25, 2011
Economic New feed
Times are tough, and the Sheltered Workshop for the Disabled Inc. - 8:08 pm As the days grow longer and warmer, wild animals become more active -- posing a hazard to curious...
News about financial markets, US economy, business, corporations, personal finance and world economy at USATODAY.com.
News about financial markets, US economy, business, corporations, personal finance and world economy at USATODAY.com.
Crisis
Crisis has become a much discussed topic in the media today. Some countries were more influenced by the collapse in the construction sector, some less. However, I would not exaggerate by stating that all the...
Market bubbles under magnifying glass: what causes financial and economic bubbles
I want to explore the reasons for different financial and economic bubbles and to see how they are connected with the recent crisis. We still feel the consequences of global economic crisis that hit...
Weekly economic news and forex news analysis (in terms of economic news and forex news trading strategy)
Friday. Even though Friday is usually the most volatile day of the week, this Friday was an exception. No data produced moves in currency pairs. Majors continued pushing dollar down. There were some mixed reactions to economic news from Canada, usd/cad fell, other pairs strengthened against the loonie.
Weekly economic news and forex news analysis (in terms of economic news and forex news trading strategy)
Thursday. There was a lot of economic news from various countries. All the data that I outlined as important previous week moved currency pairs a lot. Consumer price data from Great Britain sent all pound pairs down. gbp/usd fell 50 pips after the news was released
Weekly economic news and forex news analysis (in terms of economic news and forex news trading strategy)
Wednesday. Economic news from Canada (Bank rate decision) created huge moves in Canadian dollar pairs. This piece of forex news caused Canadian dollar to collapse across the board causing a reversal even in usd/cad, which was going down the week before. You could have traded any cad pair and made some nice profit (provided you followed technical rules).
Weekly economic news and forex news analysis (in terms of economic news and forex news trading strategy)
Tuesday. Economic news from Great Britain was a tradable event indeed. When the report came out gbp/usd rallied and you would have easily made around 50 pips if you traded the news release.
Weekly economic news and forex news analysis (in terms of economic news and forex news trading strategy)
Monday. There wasn’t any significant economic or forex news on Monday that would cause bigger moves in currency pairs. Majors continued going up against US dollar with some minor reversals in eur/usd and commodity pairs.
My first steps in economic news trading
When a friend of mine told me about Forex 6 years ago I was very inspired and got into the market after trading Forex demo account for a couple of months.
Forex Indicators
I would like to make a decent review of the basic forex indicators that matter the most. In forex ivesting world there are, literally, hundreds of various forex indicators, from simple to the complex ones....
Forex Trend
In forex business one can make some money by keeping to some kind of investment strategy. There are many different forex currency trading strategies trend trading, range trading, and even automated...
Wednesday, April 20, 2011
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