It is possible to buy and sell money from different countries on the foreign exchange market called Forex. Forex currency traders can profit by taking advantage of the dips and swells in the foreign currency market. Capturing these differentials is easier in Forex currency trading than in other trading because the Forex market is open twenty-four hours a day, except for weekends, and it is global, so there are always buyers and sellers available. The traders can be diverse. They can be traders looking for short-term gains, such as day traders or slightly longer investment periods, or they can be foreign investors who are looking to hedge their investments with long term Forex trades.
Forex currency trading is done in amounts of currency called lots, that are usually $100,000 each, and can be purchased on margin. Forex currency trading strategies can be based on technical analysis of the history of the currency price or it can be based on analysis of a particular country's political climate, tax policy, jobless rate, inflation rate, and other factors of the country. There are many different systems of Forex currency trading.
Forex currency trading is a huge market. Daily trading is estimated at between $1 trillion and $1.9 trillion dollars. Because the amount of money is so huge, it's hard to imagine that the market can be manipulated the way a smaller market can be. Forex currency trading is also not overseen by one central agency like the Security Exchange Commission, and each country oversees the Forex currency trading activity within it's own country.
Kevin Anderson is the owner and opperator of http://www.forextradingcenter.info a site developed to give users the most updated information, articles, and news related to the Forex Market.
The following situation happens quite often to many traders. Look... Read More
Forex, or Foreign Exchange, is the simultaneous exchange of one... Read More
Most new traders tend to focus just about all their... Read More
I received an email this week with a question (below)... Read More
I am reading a fantastic book on trading, first published... Read More
Which way will the forex market move? Do you just... Read More
I read on a bulletin board a traders comment that... Read More
FOREX is the abbreviation for the Foreign Exchange market. FOREX... Read More
ISO 4217 is an international standard describing three letter codes... Read More
Below I will describe three basic principles that may come... Read More
There is one aspect that is considered as one of... Read More
For the first time in several years the U.S. dollar... Read More
One way to acquire discipline in trading..."Hey Joe! When you... Read More
The base unit for the renminbi is the yuan, which... Read More
When day trading the SP and Nasdaq futures, do you... Read More
Have you noticed that when someone's trying to sell you... Read More
For those unfamiliar with the term, FOREX (FOReign EXchange market),... Read More
There are many types of investment methodology out there. All... Read More
There are many advantages to Trading FOREX as your main... Read More
Long TermLong term traders will work from end of day... Read More
Currencies are traded in dollar amounts called "lots". One lot... Read More
Are you looking into a career in day trading? In... Read More
The psychological aspect of trading is usually underestimated by those... Read More
During my first year as a local (independent trader) on... Read More
So you have learned how to trade the markets by... Read More
Forex option brokers can generally be divided into two separate... Read More
Day trading is all about making buy and sell decisions.... Read More
ISO 4217 is an international standard describing three letter codes... Read More
Consider the following: As a trader you are in a... Read More
Could it be possible that you are staring right into... Read More
Profitable day traders recognize that momentum trading is among the... Read More
Most new traders tend to focus just about all their... Read More
There are lot's of Forex signals providers out there. New... Read More
There is an old saying that the market is driven... Read More
RULE #1) ~ Cut your losers; let your winners ride.One... Read More
The essence of the FX2u Forex strategy is that it... Read More
Most traders tend to concentrate on pinpointing the perfect entry... Read More
The European Union (EU) constitution was dealt a double blow,... Read More
My father, who owns a small parts store and garage... Read More
If you want to be a successful trader, you must... Read More
The first and perhaps most important "secret" is to realize... Read More
Have you noticed that when someone's trying to sell you... Read More
IntroductionThe exchange rate refers to the value of the US... Read More
A Minister of Finance is morally right to lie about... Read More
"Is it important to be creative in your trading?"I'm not... Read More
If you ask me whether the market will have moved... Read More
There is one aspect that is considered as one of... Read More
Foreign exchange market is also known as Forex or FX... Read More
For those unfamiliar with the term, FOREX (FOReign EXchange market),... Read More
Long TermLong term traders will work from end of day... Read More
|