The foreign exchange market, also known as the FX market, or FOREX, is the global market of exchanging or converting one currency for another, this conversion is accomplished by selling one currency and buying another. The relative amount of each currency in the transaction is determined by the foreign exchange rate between the two currencies (also known as the currency pair). There is no formal exchange location where FX trading occurs. They are done OTC, or over-the-counter. The transaction of exchanging a currency pair takes place directly between two counterparties via telephone or electronic data link (trading platform). The counterparties for an FX transaction may be located anywhere in the world. These exchanges take place 24 hours a day from Monday morning in Australia, through Friday afternoon in New York. The size of the market and the ability to trade it worldwide, day or night provides the facilitation and liquidity that make FOREX an excellent investment opportunity. (more…)
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The daily volume of the New York Stock Exchange is approximately US$30 billion per day. The Foreign Exchange market will trade up to US$4.5 trillion in a single day.
The most often traded or ‘liquid’ currencies are those of countries with stable governments, respected central banks. The largest activity is the spot exchange between the US dollar and four other major currencies: British Pound, Japanese Yen, Euro, dollar and the Swiss Franc. These four currencies are bought and sold against the US dollar.
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When you trade, you will always trade a combination of two currencies. For example, you will buy US dollars and sell Japanese yen. Or buy the Euro and sell Japanese yen, or any other combination of dozens of widely traded currencies. But there is always a long (bought) and a short (sold) side to a trade, which means that you are speculating on the prospect of one of the currencies strengthening and one of them weakening. The trade currency is normally, but not always, the currency with the highest value. When trading US dollars against Japanese yen, the normal way to trade is buying or selling a fixed amount of US dollars, i.e. USD1,000,000. (more…)
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The Forex market is almost 30 times larger than the combined volume of all US equity markets. Unlike most financial markets the Forex has no physical location, and is instead conducted over the counter the world over where banks, corporations, and private investors conduct their business. Forex trading can gain investors a large amount of money either over a long period of time, or in a short period of time. A true 24hr market which starts each day at Sydney, and moves around the globe as the business day begins in each of the major financial centers including Tokyo, London and New York. (more…)
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Day trading is the act of buying and selling stock throughout the day in hopes that they will make a substantial gain for the day during the course of their trading. The reason this is possible is because the prices of stocks fluctuate wildly during the day just as they fluctuate from one day to the next. This leaves the market open to those who relish the opportunity to profit off the pennies that others will sell to save. It can be quite a lucrative practice but carries with it a level of risk that is almost equal to investing in penny stocks. The rush that is received from day trading efforts is often compared to the same rush addicted gamblers get when walking into a casino. In fact, those who have gambling problems are strongly discouraged from participating in day trading activities for obvious reasons. Investing in the stock market carries some risk as a rule. The risks are magnified when you enter into risky practices such as day trading but the high profits that this type of trading can bring about is often incentive enough for adventurous investors to take the risk. In fact, many enterprising investors make lucrative livings from day trading alone. (more…)
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Online stock trading is becoming a very popular way in which to invest in the stock market. Ordinary everyday citizens such as you and me can now trade stocks like the pros without paying the ridiculous broker fees that are often associated with trading on the stock market. This doesn’t mean there are no fees involved or that you won’t be discouraged from capriciously trading stocks. What it does mean is that you will be able to trade stocks, as you may have never been able to do before because the costs involved in trading were so high that only the wealthiest among us could really afford to work the market to any real advantage. (more…)
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Are you addicted to gambling? How about taking risks? There are many who are literally addicted to gambling and the stock market is their drug of choice. There are many options available for their gambling pleasure and the tables, it seems, are always open with various markets around the world opening up to US money and the prevalence of Internet trading venues that are available to the average investor through nothing more sophisticated than a computer and a modem. Day trading is a particular draw for those who are addicted to gambling through trading stocks. It provides the ups and downs very similar to the roll of the dice or the ringing of the slot machines and instant hits and misses. It can even be addictive for those who have never set foot in a casino. Of course this type of investing isn’t the only investing that is very much like gambling. Any high-risk investment is going to bear some similarities, especially those that offer high payouts to those who do succeed on occasion. (more…)
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Disclaimer: Forex trading carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency Exchange trading.
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