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.
Thursday, September 29, 2011
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.
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