SHORT INTRODUCTION OF FOREX

Short Introduction:

Forex is the world's largest and most liquid trading market. Many consider FOREX as the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.

Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of FOREX trading for income and profit because of its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.
But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler gossip, misconceptions have to be overcome, the mind has to be open and the slate has to be clear for starting out fresh with the CORRECT information.
So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (FOREX) means, what it is, and why it exists.
As a successful trader said, Trading FOREX is like picking money up off the floor. Not trading FOREX is like leaving it there for someone else to pick up." Others in the industry have also said,
Trading FOREX is like having an ATM machine on your own computer.
Here's an explanation (one I feel you'll appreciate) of what FOREX is and how a bunch of traders, profit from it:
The Foreign Exchange Market, also referred to the "FOREX" or "FX" market, is the spot (cash) market for currency.
But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.
What FX traders do is much less risky than trading currencies on the futures market, much more profitable, and a lot easier, than trading stocks.
So, you're probably wondering where it's at ... or ... how to access the FX market?
The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.
Here's what you are actually trading when you participate in the Foreign Exchange (FOREX) market:
Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of different currencies, as an investor, what a FX trader is doing is simultaneously exchanging one countries currency for another. So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange rate between the two currencies.
In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.
Example:
EUR/USD last trade 1.2850 - One Euro is worth $1.2850 US dollars.
The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.
The FOREX has a DAILY trading volume of around $1.5 trillion dollars - 30 times larger than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the FOREX market every day and the FOREX would still have more money left than the New York Stock exchange every day!
The FOREX plays a vital role in the world economy and there will always be a tremendous need for the FOREX. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese Yen in exchange for US Dollar.
There's plenty of money to be made using FOREX for plenty of traders that use the right trading techniques / tactics that will allow them to profit immensely. And, with only 5% of the daily turnover of volume coming from banks, government and large corporations who need to hedge, the other 95% is for speculation and profit.
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UN ECONOMIC SUMMIT TO DISCUSS CURRENCY RESERVES

A United Nations summit meeting in June will most likely discuss whether the world should abandon the U.S. dollar as the top reserve currency, a senior U.N. official said on Tuesday.

The president of the U.N. General Assembly, left-wing former Nicaraguan Foreign Minister Miguel D'Escoto Brockmann, has invited the leaders of the 192 U.N. member states to attend a conference on the global financial crisis from June 1-3."There is the whole problem of the creation of special drawing rights (SDRs) and perhaps doing away with the dollar as the currency for international reserves," D'Escoto told reporters."

I am sure that that will be one of the things that heads of state will want to discuss (at the summit)," he said, adding that many countries had lost their trust in the dollar.
The IMF has said the dollar's status as the dominant reserve unit is not under threat. Russia has said that introducing an international reserve currency to dislodge the dollar could curb the volatility of foreign exchange markets.D'Escoto said he was sending out letters on Tuesday to the leaders of all 192 U.N. member states urging them to attend the summit.

He said he was sending a special personal letter to U.S. President Barack Obama asking him to come to the summit.
It was not immediately clear how many leaders would attend. The summit has strong backing from the so-called Group of 77 developing states, including China, D'Escoto said.

U.N. officials say the summit is also a response to the recent summit of the G20 club of big developed and developing economies in London

U.S. STOSKS OFF IN LIGHT TRADE, OIL SLIPS

U.S. stocks slipped on Monday, pulled lower as energy stocks retreated on a decline in crude oil prices to below $50 a barrel and on investors' jitters ahead of the release of U.S. corporate earnings this week.Light volume exacerbated price moves across asset classes, with many financial centers closed in Europe and parts of Asia for the Easter holiday.
Large U.S. banks, including Goldman Sachs, JPMorgan and Citigroup, which have been battered by the financial crisis, report their latest quarterly results this week. General Electric also is set to report this week
The benchmark 10-year U.S. Treasury note rose 17/32 in price to yield 2.86 percent. The 2-year U.S. Treasury note gained 4/32 in price to yield 0.89 percent.The dollar fell against a basket of major currencies, with the U.S. Dollar Index off 1.02 percent at 84.664. Against the Japanese yen, the dollar fell 0.12 percent at 100.10/ from a previous session close of 100.22.Gold climbed in thin holiday trade as the dollar dropped and stock markets weakened. Spot gold prices rose $12.50 to $893.15 an ounce.The MSCI index of Asia-Pacific stocks outside Japan rose 0.73 percent to 268.80.Japan's benchmark Nikkei underperformed the rest of Asia to close down 0.4 percent at 8924.43.

FOREX: RINGGIT CLOSE HIGHER AGAINST US DOLLAR

KUALA LUMPUR, April 6 (Bernama)-- The ringgit closed higher against the US dollar today on hopes of a global economic recovery with the US$1.1 trillion stimulus package by the Group of 20, dealers said.

It also helped boost sentiment among Asian currencies, they added.Recently released US jobs data, though remaining weak, did not dampen the sentiment for Asian currencies either

The ringgit closed higher against the US dollar at 3.5560/5610 from 3.5790/5820 on Friday.The ringgit was also higher against the Singapore dollar at 2.3686/3740 from 2.3779/3833 on Friday and gained against the yen at 3.5035/5098 from 3.5742/5799 previously.As against the British pound, the ringgit was lower at 5.3034/3123 from 5.2855/2943 on Friday and higher against the euro at 4.8085/8163 from 4.8125/8203 previously.

TIPS TO MAKE MONEY FAST IN FOREX

This is all about making a fortune with Forex. Most traders just go with the flow and make average gains, with this article you will learn what makes some traders stand out and a lot richer than others!

We are going to assume that you know how to trade, and has quite an experience in trading.

With simple changes in your trade selection, money and risk management, and mindset, you can change that average gains into larger ones!

Fast money is in Forex, it is a lifestyle. here is it how its done.

Tip 1 . Embrace Changeability and Risk With a SmileForex systems have instability.

If you cannot manage and calculate your risk, then don't ever think about trading in Forex. Many traders back away from forex because of this ( why do you even traded in the first place?).

But taking manageable risks has its rewards.It's just simple, you know what your losing if ever it doesn't work out, yet what you gain is unpredictable but sure is high!

That is what I call excitement, my friend.To a well-educated Forex trader, this is something you shouldn't be afraid of, might as well embrace it.

Tip 2. Trade Less, gain more

Most traders think that if they don't trade, another door has closed, or miss some move. The tendency, they trade frequently. Most of the trades that come big come a few times in a year. Focus on the trades that make the really big gains. Be alert, and informed.

Tip 3. Diversify is a no-no

Most Investors accept the fact that diversification can make money fast - in reality it does exactly the opposite.

Tip 4. Money and Risk Management

This article has been concentrating on the Big gains, because this is your money, so every penny should be controlled, this is where money management kicks in.Control your risks, but increase your chances of success:-

Give yourself staying power by buying options at or in the money, this prevents you from getting stopped out. Many traders lose not by the market direction, but because they were stopped out by a instable move, and options will give you staying power.- Keep your stop in its original position - until the move is well in profit, before moving it up.- Trading fast and selectively - have the courage to trade when you feel it is good. and enjoy the cash.

Tip 5. Compound growth has its benefits

The way to make money fast in forex, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial $20,000 account, to over a million dollars, in under 10 years.Break the norm, and gain more. Follow some of these tips and make your way into the big gains!

by Ryan Joseph Ferrer

MONEY MANAGEMENT

1: Forex Money Management by FX Master
Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.

2: Stock Market Money Management Skills
Essential money management skills for all types of investors.

: Forex Money Management
Forex money management is one of the most important things you can learn before you actually begin making live trades.

4: Money Management Principles
How to handle money management in forex trading: Trade With Sufficient Captial, Exercise Discipline and Employ Risk-to-Reward Ratios.

FOREX BROKER

1: CFD Broker - Make the Choice - Not A Mistake
Today, this article will discuss about the CFD market, and how you can find a great online CFD broker when you do decide to jump on the wagon and become a CFD Trader. Most of the CFD Brokers today offer the ability to be able to trade online, CFD trade over the phone, or CFD trade from you mobile phone.

2: Best CFD Broker - Australia
The Contracts For Difference (CFD) Market is the largest financial market and everyday new investors plan to jump in when they learn of the benefits, that is, high returns on investment which is as high as 20% per month a month.

3: Finding A Forex Broker For Dummies
Online brokers give an important role to play when you open an online trading account. Every Last broker can offer different services and features. You must research all the online brokers to find the foremost broker to meet your needs.

4: CFD Brokers Singapore - Who is the Best?
Online brokers give an important role to play when you open an online trading account. Every Last broker can offer different services and features. You must research all the online brokers to find the foremost broker to meet your needs.

5: Finding a Forex Broker
Most traders and investors out there know, the foreign exchange market is the largest market in the world. This is why we are seeing so many people making the transition from shares, options, futures to the Forex Markets. With the brilliant liquidity, much longer trading hours, we are seeing traders realize returns as much as 40% a month and in some cases even more.

6: Forex Broker - The 6 Steps to Finding the Best Forex Broker
Trading Forex, well one of the most important decisions that you can make is selecting a your Forex Broker, So here are 6 Golden Rules to use to Find the Best forex Broker.

7: Forex Broker- Tools to Find Best Forex Broker
Time to Select a winning Forex Broker. This will help you find the best online brokers in the market. Finding the right Forex Broker is an important as selecting a winning trade. When you start trading you make sure you do your due dilligence on that stock or currency before you trade, well you should do exactly the same with selecting a Forex Broker. So what are the key requirements that you need?

8: Selecting the Right Forex Broker
Making a decision on which Forex broker to use to open a trading account can be difficult since there are so many brokers available. Because they all have different features, capabilities, advantages and weaknesses, some research must be done when making your selection. Below is a checklist to reference when deciding which broker to use in your Forex endeavors.

9: 4 Tips For Choosing a Reputable Forex Broker For a normal trader, finding a Forex broker can be a difficult experience. While many potential traders fall into the hands of a not-so-reliable Forex brokers, there are many strategies in securing a reputable brokerage firm

FINANCE

1: Last Bank Standing - The Wall Street Mega-Crash
Today's Congress is ignoring its role as the primary creative force in today's problems. This transfusion is needed because: bad laws have obscured the values on financial institution balance sheets, and have created a clot in the credit arteries that keep the economy alive.

2: Amazon's Best Investment Book Reviews: Have You Been Brainwashed?
Big publishers want to sell already big names; discovering new ones is not in their wheelhouse. Are they responsible for the problems in the financial markets? Of course not, but they do have a perverse, if indirect, impact--- they contribute to the brainwashing.

3: Car Finance Basics
Shop around for a good car finance that is flexible for all situations online before going into a car dealership so that you are prepared with money in hand in order to make sure that the car you are buying is yours and not the dealers.

4: Different Ways of Debt Consolidation
Consulting with EzConsolidation.com could be the best solution that any person in debt can find for them to ensure a bright financial future. One fixed monthly payment on a strict schedule can allow you to budget.

5: Taking Control of Your Credit
You're found the house of your dreams, made an offer and now it's time to head on down to the bank. What goes on in that visit will determine if you're able to make your dream become a reality. If so, at what price will it cost you?

6: Bad Credit Cash Advance Payday Loans in UK
Face your urgent financial needs with Bad Credit Payday Loans without any credit check. People with bad credit history or poor credit score can improve their credit rating by applying bad credit payday loan to meet their cash requirement.

7: Best Way to Consolidate All of Your Debt
ezConsolidation.com is an online debt consolidation service provider that helps you save money by reducing your interest rates, lowering your monthly payments and having only one payment per month.

8: Choosing Advantageous Car Loans
Individuals are customarily left with the feeling that it's a really fabulous idea to choose against a manufacturers rebate in able to receive an auto loan that is offered at 0% interest fees, regardless did you ever truly examined which choice is more astute?

9: Auto Loan Financing - Practical Ideas Especially For First-Time Buyers
Honestly, even the utmost clever individual can sometimes get stranded in the ocean of choices as they are trying to determine what the correct manner of action is in terms of acquiring a wonderful package on their initial auto loan.

10: What is Debt Management
The Debt Management Company you hire will relieve and eventually reduce your debt by managing your assets effectively and negotiating with your creditor regarding interest rates and monthly payments. This is not a loan so you are no obligated by any contract or other binding paperwork associated with a Debt Management Plan.

TRADING SYSTEM

1: forex signal provider? which one?
We have developed absolutely superb Forex Signal system based on detailed research, close market watch and careful technical analysis which has perform fabulously so far  bringing over 800 pips a month with 80-90% accuracy. The biggest advantage of our Forex Signal Trading System is that it works!It has performed numerous of winning trades over the last seven months.Forex Money Signal is the key towards a long-term profitable career in forex trading.

2: The opportunities of trading the Forex hedged grid system
This article shows high lights the dangers and opportunities of using grid trading principles in trading the Forex (currency) markets. It also constructively suggests ways of overcoming the dangers.

3: Forex Trading System - A Key To Successful Forex Trading And Trading For A Living
For the trader who employs a forex trading system, he can still face the losing trade with a smile, because he has had followed through the trading signals in a disciplined way, and it is only when a trader follows a system, he can be sure of keeping his losses small and to live to trade again another day. Is there a place for day trading in a forex trading system?

STOCK MARKET

1: CFD Trading 95% Lose - How To Win
Everybody starts out in CFD Trading wanting to make money but a whopping 95% of Traders lose, which leaves 5% winners. So what is it that the 5% of CFD Traders are doing to make them win in CFD Trading. What are the mistakes that the 95% of people are making, and how can you avoid them!

2: Stock Market Trading - Winning Trading Plan
Successful stock market trading begins with a winning trading plan. It's as simple as that. If you develop a well-conceived trading plan to guide your actions in the stock market you will already have the advantage over most of your market competition. Put simply, it gives you the edge you need to win over the long haul when trading the stock market or forex market.

3: CFD TRADING- Indonesia
Contracts for Difference (are commonly known as a CFD) is a contract between the trader and a CFD provider, who will at the close of the contract, exchange the difference between the opening price and the closing price of the underlying index, share, commodity, per the number of specified CFD contracts.This is why CFDs are the flexible new way to trade.

4: Stock Market Trading- 3 Strategies to Make you a Millionaire
Stock Market Trading- Are you ready to become a millionaire. Here are 3 proven strategies to make you become a more successful trader and increase your wealth. They can be used if you are forex trader, stock market trader.

5: Little Known Ways Regarding FOREX Market Online : Discover Helpful Suggestions Next
FOREX is the Foreign Exchange market also known as FX. All three of these means the same thing, which is the trade of trading between different banks,

6: Stock Market Meltdown - Watching Rome Burn
Both presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let's fire the right bunch of "poips" for a change!

7: Preventing Investment Mistakes: Ten Risk Minimizers
Losing money on an investment may not be the result of a mistake, and not all mistakes result in monetary losses. Your own misconceptions about how securities react to varying economic, political, and hysterical circumstances are your most vicious enemy. Step away from calendar year, market value thinking. Avoid these ten common errors to improve your performance:

8: Good News For Income Investors
Admittedly, even if your asset allocation has been fine tuned for years, lower portfolio market values in this area make stock market valuation shrinkage feel even worse. But the value of stable cash flow becomes painfully clear for investors who misguidedly depend on capital gains for their spending money.

9: When All Stocks Are Value Stocks - Think QDI
How do we create a confidence building Stock Selection Universe? Simply operating on blind faith with one of the common definitions may be too simplistic, particularly since many of the numbers originate from the subject companies. Here are five filters you can use to come up with a listing of higher quality companies:

10: Quarterly Window Dressing - A Recurrent Wall Street Scam
Why aren't the wizards of Wall Street assuaging our nerves by explaining the cyclical nature of the markets and pointing out that similar crises have always preceded the attainment of new all time highs? Right, because the unhappy investor is Wall Street's best friend. Why can't politicians address economic problems with capitalist-economic solutions?

FUTURE AND OPTIONS

1: Forex Options Market Overview

Forex option trading has emerged as an alternative investment vehicle for many traders and investors. As an investment tool, forex option trading provides both large and small investors with greater flexibility when determining the appropriate forex trading and hedging strategies to implement. With the plethora of real-time financial data and forex option trading software available to most investors through the internet, today's forex option market now includes an increasingly large number of individuals and corporations who are speculating and/or hedging foreign currency exposure via telephone or online forex trading platforms.

2: Successful Options Trading Strategies
When it comes to giving people the hope of becoming a millionaire overnight, the stock market excels. Every day we see evidence of stocks that have flown upwards as if they had wings, providing investors with a windfall of profits. It's inevitable that catching one of those stocks just before it takes off is an exciting possibility, inspiring the beginning trader to take the plunge.

MAKE THE RIGHT CHOICE

Forex Brokers - Make The Right Choice Not A Mistake

With the modern times of mobile communication, it is not unusual to find hidden in a home a trader or a broker who is doing their Forex Trading from the comfort of their own home. Today to be a forex trader all that you require is a computer setup to multi screen investing servers, the number of the casual or evens serious home based forex traders has grown a great deal of late and this is because of the internet and the popularity of certain commodity trades.

Today, this article will discuss about the Forex market, and how you can find a great online Forex broker when you do decide to jump on the wagon and become a Forex Trader. Most of the Forex Brokers today offer the ability to be able to trade online, forex trade over the phone, or forex trade from you mobile phone.

With the growth of the virtual Forex Trader, we have seen an explosion of online forex brokerages on the internet in the almost predictable economic elastic demand and supply. Today we are seeing more individuals turning to commodity trading as a viable source of second or even third income, brokerages and financial firms all over the world have responded by extending their services to the modern technology world. Before you choose which firm and which broker to choose, there are few things you need to do.

First step is to find the black list of online Forex brokers and those that have a bad reputation. There are a few collectives that collect a list of names of individuals and companies (including all their aliases and permutations) and place them upon a compiled list for everyone to refer to. If that is not enough, you must also check your local finance and governing body and run a list of potential brokerages and companies you want to join with them - you never know what you might find. Deal with well established companies that have strong regulation. Recently the CFD FX REPORT has researched all the online Forex Brokers and have come up with who they believe to the Best Forex Broker.

Do not be swept off your feet by a long list of credentials if you do not know what they mean or where they even came from in the first place. Be wary of customer testimonials that are written on the website itself, as these can doctored or fabricated.

Use a company that has great references, and has good client testimonials. Check also for longevity, the more years a broker and his company have been around, the more chances that it is a legitimate and viable source of investing advice. Always be careful where you place your money and it is very, very important that you choose a good online broker that is both legitimate and has the needs of your finances at heart. You must feel comfortable with this broker, remember a bad broker can make you BROKER.

The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.

About the Author

CFD FX REPORT is the leading forex and cfd forum, that offers free educational lessons and helps forex and Cfd Traders find the Best Forex Brokers in the market

HOW TO START WITH A GREAT TRAINING COURSE

Are you constantly surfing the internet looking for a forex trading strategy? Are you confused as to what course to start with? When you want to get involved with Forex trading, you have to figure out approximately how much money you would like to commit to trading, and then find a low cost course which will educate you to get started.

If you want to get started in trading really soon, one way is to buy a course online that teaches effective methods of trading, courses that gives you a high probability of placing a successful trade. Then, you need to study and test the method on a demo trading account until you are profitable.

If you can find a home trading course that has customer support, the better. They can guide you in starting your demo account and even in a live account. Such as the Forex Profit Accelerator of Bill Poulos, here, there is support up to 1 year

http://best-investment-options.com/Recommends/FPA2.html

Here are two things you might want to remember:

Learn. Learn Learn. There are many methods out there, and some are easy to understand, others take time to get hold of. Acquiring as much information as possible and finding your "sweet spot" will save you time in your starting demo account, and saving you money.

"Practice makes perfect" .Please don't start into the market with real money until you are confident and totally comfortable using the trading method. It is suicide kind of way of losing all of your money is to jump into the market too soon, before really testing a trading method. That is what the demo account is for.

As traders, the only way to test a trading method is to stick to it religiously. Therefore, it is a must to write down your plan or method for finding a trade, and stick to it. Just like anything we do in life, from cooking to weight loss programs, proper practice will make you able to enter the markets with confidence and will ensure you don't lose your trading account.

These preparation makes investing work your favor.

Things to look for in a Forex Training Course:

Make sure it is from a reliable trading education source. One of the best there is nowadays is getting an education from a veteran who has done great in trading. Bill Poulos is one of them. He has made millionaires in trading in his courses due to his experience since 1974. He is known for making trading easy to understand, easy to apply and for all experience levels.

Take your time. Practice the concepts over and over again in a demo account before jumping into the real trading.Get your four E-books for free in the Forex Profit Accelerator course here :

http://best-investment-options.com/Recommends/FPA2.html

FOREX BEGINNER

1: Will I get rich from Forex? Definitely! Are you ready to learn?
The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.

2: Online Currency Trading requires Patience
When the going gets tough, the tough get going. This adage often brings back the memories of my past days when I was trading initially in the currency exchange market. Indeed, there's nothing more hurtful than losing your invested money in the FX market. But, online currency trading is like life where you're got to learn from your wrong moves and keep moving on.

3: Forex - What is it?
The international currency market Forex is a special kind of the world financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration.

4: Short data about the origin and development of the currency exchange market
Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.

5: Risks by the foreign exchange on Forex
The Forex is essentially risk-bearing. By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.

6: Charts for the technical analysis
Kinds of prices and time units. Charts for the technical analysis are being constructed in coordinates price (the vertical axis)  time (the horizontal axis). The following kinds of currency prices represented on charts are being distinguished on Forex:

7: Forex Glossary
Here are some of the most common terms used in FOREX trading. Ask Price ¨C Sometimes called the Offer Price, this is the market price for traders to buy currencies.

8: Forex Trading Education - The London Open Checklist
The start of the London trading session marks a period of increased volatility in the Forex market and a period of more opportunities to trade. As part of your Forex trading education, run through this checklist to see if you can identify good trade setups regularly at this time of day.

FOREX TUTORIAL: INTRODUCTION TO CURRENCY TRADING

FOREX is the world’s largest and most liquid trading market. Many consider FOREX as the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.

Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of FOREX trading for income and profit because of its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.

But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler gossip, misconceptions have to be overcome, the mindhas to be open and the slate has to be clear for starting out fresh with the CORRECT information.
So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (FOREX) means, what it is, and why it exists.
As a successful trader said, Trading FOREX is like picking money up off the floor. Not trading FOREX is like leaving it there for someone else to pick up." Others in the industryhave also said, Trading FOREX is like having an ATM machine on your own computer.
Here's an explanation (one I feel you'll appreciate) of what FOREX is and how a bunch of traders, profit from it:

The Foreign Exchange Market, also referred to the "FOREX" or "FX" market, is the spot (cash) market for currency.

But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.

What FX traders do is much less risky than trading currencies on the futures market, much more profitable, and a lot easier, than trading stocks.

So, you're probably wondering where it's at ... or ... how to access the FX market?

The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.

Here's what you are actually trading when you participate in the Foreign Exchange (FOREX) market:

Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of different currencies, as an investor, what a FX trader is doing issimultaneously exchanging one countries currency for another. So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange ratebetween the two currencies.

In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.

Example:

EUR/USD last trade 1.2850 - One Euro is worth $1.2850 US dollars.The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

The FOREX has a DAILY trading volume of around $1.5 trillion dollars - 30 times larger than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the FOREX market every day and the FOREX would still have more money left than the New York Stock exchange every day!

The FOREX plays a vital role in the world economy and there will always be a tremendous need for the FOREX. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese

Yen in exchange for US Dollar.

There's plenty of money to be made using FOREX for plenty of traders that use the right trading techniques / tactics that will allow them to profit immensely. And, with only 5% of the daily turnover of volume coming from banks, government and large corporations who need to hedge, the other 95% is for speculation and profit.

FOREX MARKET

Trading information for beginners

If you’re a new to the forex (foreign exchange) market, you probably have a lot of questions. Making money in a global currency market is an exciting prospect; you’re probably wondering how, and what you need to get started. A lot of information on the internet is geared toward the knowledgeable trader who has at least experienced the stock market. Not everyone has the benefit of Wall Street experience. We are here to help you out if you’re not all that stock savvy and don’t have a financial background.

So, what is foreign currency exchange?

The basic term, foreign currency exchange, is used to explain the exchange of one country’s currency for another’s. If you’ve every traveled out of the country, you probably cashed in your American dollars to find that the trade was nowhere near equal. Forex is the same thing on a much larger scale – it’s similar to the market except it deals in liquid assets at all times. It’s the process of buying and selling cash from nations around the world.

How can foreign currencies be traded?

Currency exchanges can be handled on three different levels. You will need to use a broker or a brokerage firm that allows trades through one of the following:

• The Commodity Futures Trading Commission (CFTC) • Securities and Exchange Commission (SEC)

There is also what is called the off-exchange (over-the-counter) market. An example of this would be that you return from your vacation from Canada and trade your cash in for American dollars. This is only on a retail level or corporate level. Off-exchange trading is subject to very limited regulatory oversight.

How much money do I need to trade Forex?

It depends on the Forex dealer. Brokers concentrated in the Forex market can set their own minimum accounts and are allowed to set their own fees and rate schedules. You’ll need to ask your dealer how much money it’s going to cost you initially.

Many dealers will require a security deposit (a “margin”) to cover future transaction fees. When you choose a broker, make sure that you look over the fees and schedules carefully before you deposit any money. It is important to understand your broker’s capabilities, as well, before handling any transactions through their firm.
These are just a few basic facts about the Forex market to get you started. Trading foreign currencies can be an exhilarating experience when you’ve begun making money, but it is important to get an education before you start out. This website has a wealth of information for the new Forex trader, including tips and strategies. It is highly encouraged that you read up to explore the possibilities of trading in a worldwide environment.

FOREX CURRENCY TRADING

FX, Forex or Foreign Exchange, is all about exchange of currencies from one hand to another at an ongoing price in the market. Forex is all about investing money in foreign currencies, just gain profit by selling at a higher price, the one you hold, just to buy another one at a lower price. Earlier, not many traders were clear about the Forex trading and that Forex is just short for "foreign exchange", as it did not get much publicity through media.

Foreign Exchange market is the biggest financial market in the world, with a potential of fast and great gains and a sizable number of investors. The advent of internet technology is what made Forex trading grow considerably popular as well as accessible with various types of investors.

About a decade ago, currency trading was only limited to large banks and financial firms because they were the only ones to have access to the tools and methods required to trade Forex market. However recently, due to up and coming efficient online platforms, technology has advanced to the point of being accessible to any and every individual trader who wishes to trade or invest in Forex. Marketforex.net being one of finest online trading platforms is easily accessible by all who are interested in investing in Forex.

Although trading in the Forex market is done for almost all the foreign currencies, there are still, some foreign currency pairs which are considered as “Major” currency pairs as compared to the others. This is because these currency pairs are some of the most traded and most in demand currencies in the Forex trading market. These pairs dominate the percentage of trades and are as follows:

Euro/ U.S. Dollar
US Dollar/ Japanese Yen

US Dollar/ Swiss Franc

US Dollar/ British Pound

The FOREX trading market offers its investors with exclusive and lucrative investing opportunities. Other factors like 24 hours open market, high leverage, commission-free trading and easy accessibility through various means of communications has helped Forex to become one of the most popularly invested financial markets.

With a daily volume of about $1.2 trillion money changing hands everyday, the magnitude of Forex market is definitely one of the highest as compared to the Equities and the Futures market. So, you should educate yourself comprehensively and take advantage of this giant investment vehicle.

Marketforex.net provides all the new as well as experienced traders with the opportunity to trade Forex more easily and more advantageously. We offer our clients with quicker results, better deals, higher leverage and superior customer support, thus offering them efficient and genuine Forex trading services through an advanced online trading platform

FOREX MARKET COMPARISON

Trade Around the Clock

The forex market is a near-seamless 24-hour market. Subject to available liquidity, FXCM offers trading from Sunday, starting after 5:15 PM EST, until Friday, 4PM, EST (FXCM Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.

Pay No Commissions*

In the forex market costs are confined to the bid-ask spread. FXCM charges no commission or additional transaction fees, and its customers trade on spreads provided to FXCM by some of the world's largest banks via the FX Trading Station. In the stock market, “no-fee” programs are frequently offered only with provisos mandating minimum account balances or minimum trades per month.
* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader. For additional information click here.

No Uptick Rule

Unlike the equity market, there is no restriction on short selling in the forex currency market, no matter which way the market is moving. Since currency trading involves buying one currency and selling another, a trader has the same ability to trade in a rising market as in a falling one.

Forex Market Information Easily Accessible

Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.
We feel that the knowledge you've gained in analyzing stocks can easily be transferred to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well to many of the common technical indicators, such as MACD, RSI, and Candlestick charting.
To learn more about transitioning from trading equity markets to trading in the Forex market, contact the FXCM staff today at 888-503-6739. *FXCM is compensated for its services through the bid ask spread. -->

High Risk Investment

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

STRONG EQUITIES DRAG U.S. DOLLAR LOWER AHEAD OF NORTH AMERICAN CCLOSE

(CEP News) - The U.S. dollar started out strong, but is ending the day weaker across the board as equities prepare to close in positive territory for the third straight day.It has been a volatile day in FX markets as the Swiss National Bank announced that it would intervene in currency markets to depreciate its currency.
While currency markets reacted to the central bank news, they shrugged off better-than-expected U.S. retail sales and another increase in U.S. weekly jobless claims. At 9 a.m. EDT, the SNB announced a 25 basis point cut.
"The value of the Swiss franc has increased substantially since the beginning of the financial crisis in August 2007. This currency development has gained momentum since the National Bank's last assessment in December. Under the present circumstances, this represents an inappropriate tightening of monetary conditions. In view of this development, the SNB has decided to purchase foreign currency on the foreign exchange market, to prevent any further appreciation of the Swiss franc against the euro," the bank said in its statement.
While the news supported the euro across the board, it also pushed the U.S. dollar higher across the board. The U.S. dollar index rose almost a full percentage point on the initial reaction. The index hit session highs at 88.545.
The U.S. dollar was able to hold most of its gains throughout the day despite strong equities. The sell-off started at 2:30 p.m. EDT and is picking up momentum into the North American close.
Currency strategists said the U.S. dollar made broad gains because some investors felt nervous about the aggressive action from the SNB, which caused a flight to safety.
"At this point I think the U.S. dollar is acting as a default currency," said Stephen Gallo, head of market analysis at Schneider FX. "Bottom line is that quantitative measures aren't good for currency markets. At the moment the U.S. dollar will continue to benefit."
Currency strategists will continue to watch equity markets to determine short-term direction for the U.S. dollar. There is a lot of doubt that equities will continue to make gains. Any signs of risk aversion will continue to support the U.S. dollar.
It has been a relatively quiet week for U.S. data. On Friday, markets will receive U.S. trade balance data and Reuters/University of Michigan consumer sentiment results. Economists expect that the U.S. trade deficit will narrow to $38 billion in January, following December's deficit of $39.9 billion.
Economists expect that consumer sentiment will continue to remain weak, falling to a level of 55.0 in March, following February's reading of 56.3.
Euro/USD up 0.58 cents to 1.2894
USD/CAD down 0.48 cents to 1.2804
USD/Yen up 0.54 points to 97.82
GBP/USD up 0.52 cents to 1.3928
AUD/USD up 0.04 cents to 0.6525
Euro/Yen up 1.28 points to 126.14
Euro/GBP up 0.06 pence to 0.9260
GBP/CAD down 0.03 cents to 1.7826
CAD/Yen up 0.72 points to 76.42
Euro/CAD up 0.12 cents to 1.6510
The U.S. Dollar Index is down 0.21 points to 87.66