Forex, where the commodity to be traded is currency, and not stocks and shares, is a trading market which gives its investors, returns in the form of the relative value of one currency exchanged against another. Forex trading is therefore, always dealt in currency pairs with the major currency pairs being Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY), to name a few. And it is with...
Thursday, October 22, 2009
How to trade Forex
STEP 1:The step 1 defines certain concepts and terms of Forex Trading-Quotes are a vital part of the foreign exchange trading, as Forex trading is done in terms of quotes. Therefore, comprehending these quotes is the first important step.Firstly, in a Forex quote, the currency listed first is known as the Base currency. For example, we have EUR/USD. Here, EUR is the Base currency.Secondly, the base...
Why opt for Forex trading?
With more than $1.5 trillion USD being traded daily, the foreign exchange market has managed to become the world's largest financial market, over the last three decades. With the large minimum deal sizes and rigid financial requirements, the Forex market, till recently, was not explored by the common trader or individual investor. But now the average investors can also engage in Forex trading. Some...
Wednesday, October 21, 2009
Trade Forex Like a Pro - 3 Proven Techniques to Boost Your Profits
The business of trading forex may sound easy, but in reality, it is not. Although you can get the hang of it as you go along, it is only with long term trading and a wealth of experience that you can trade forex like a pro. There are, however, many deeper trading techniques that can help boost your profits, but most of these techniques are used only by the pros as they require a deeper level of understanding...
Thursday, October 8, 2009
FOREX DEMO :
forex demo shows you how it works before you jump into it for realBefore airplane pilots actually fly on their own, they usually practice in simulators that re-create what flying will be like without any actual risk. Since currency trading is as dangerous financially as flying is physically, it makes sense that there would be a forex demo available, too.A forex demo is a smart way for a new investor...
FOREX ALERTS
In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies.In accordance with international banking practices, Forex brokers automatically rolls over all...
FOREX BROKERS
Finding a forex broker in a crowded marketplaceSo you want to get involved in the foreign exchange market, or forex. You're itching to trade one currency for another and make some profit. But you can't just barge into Citigroup of Merrill Lynch and start throwing euros and yen around. To participate, you need a forex broker.The preeminent forex broker for day traders (i.e., average Joes) is Advanced...
FOREX CHART
How to read a forex chartThe forex chart is among the most basic tools in a forex trader's arsenal. Simply put, it is a graph of a particular currency pair's performance over a given period of time. Reading forex charts is essential to a trader's business, so it's important to know how to read them and understand what they mean.Every forex chart will be labeled with a currency pair: EUR/USD, USD/GBP,...
COMMUNICATION SYSTEM
When someone sends a message to a remote person, say voice, this message will be transmitted over the media as an electric signal. The device that performs this transformation when the transmitted message is a voice will be a microphone. This is the first step for transmitting the message by the communication system. This electric message is a voltage signal which varies with time.Once the electric...
Find a Name From a Phone Number Using a Reverse Phone Search - The BEST Method by a Mile!
What most people do not realize is, cellular phone numbers are not given out to the public for free. Therefore, you are going to have to spend a small amount of money to get this information. Luckily, the price is very minuscule and the information you get is plenty more than you need! Let's start with why people do reverse phone searches.What are reasons people do Reverse Phone Searches?* The main...
The Dangers of Cordless Phones and Wifi
When you call me these days, you may notice that I'm more present. You won't hear the sound of washing dishes or putting away laundry, won't catch me checking emails while you pour your heart out, and I sure won't be up the ladder picking plums with the cordless squeezed between my shoulder and ear. I'll be sitting on a chair in the main hallway of our house, with nothing better to do than talk to...
How to Do a Classmates Search
Google should be your first choice in making almost any search. You can also use it on classmate search. Google is the biggest search engine widely used by internet users anywhere in the world. Just type your classmate's name on the search tab like your usual searches. You will be provided with a list of links to web pages containing your classmate's name.FacebookThis is a social networking site with...
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