I bought this book on a whim because I was frustrated. Incredibly, I couldn’t find any information on how to figure out the swap rate. I have 3 big forex books on my shelf and they wax eleoquent about technical analysis, the Bretton Woods agreement, how to make a fortune, and etc. - but do not explain something as fundamental as figuring the swap rate - or even why there is such a thing! I tried Googling for it, and got tired of trying to sort through the deluge of irrelevant and mostly commercial results. (more…)
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It has nothing new about Forex trading or even trading in general, it has some technical analysis (you can find it in any TA book). Misleading the newbies by showing some good looking trades using the Moving averages and “his ” Oscillator (I am not sure what is so special about it), giving false impression that this what you will get if you follow him (going to his institution). The 5 star reviews do not give a good reason to buy the book only saying you must buy it (may be they forget to say WHY to buy it). (more…)
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As the name suggests FOREX charting is a procedure of preparing FOREX charts. These FOREX charts are then used by the investors as well as the large financial institutions to analyze the market on a particular day. Different kinds of charts available are Flash charts, strategic charts, live market volume charts, realtime FX charts, metaquotes charts, chart patterns, market trend charts, and recently futures charts. Traders can choose from the above listed charts according to their convenience and comfortability. The charts give vital information regarding the currency trades that trade between two different currencies like EURO/USD, USD/JPY, GBD/AUD. (more…)
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Foreign currency trading is done in a foreign exchange market where one type of currency is exchanged or traded for another type of currency. Currency trading is regarded as the largest financial market in the world. Players participating in currency trading within a FOREX market are the large banks like Citibank and Deutsche bank, nationalized and government banks, multinational firms, financial institutions and investment companies. The daily volume of the present global forex market is around US $3 trillion. Given the huge size and high liquidity of the markets worldwide, small players cannot easily do trading in a FOREX market. (more…)
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FOREX actually means Foreign exchange and is used in lieu of currency or fx. FOREX means exchanging one currency for another currency or trading one currency type to another currency type. Generally speaking, FOREX is done through foreign exchange markets within different countries throughout the world. FOREX markets are the biggest markets one can find today. A typical foreign exchange market trades currency between large governmental and private sector banks, multinational companies, currency speculators, huge financial institutions. The large size of forex markets can be seen by the figure of $3trillion which is the currency trading on a daily basis. (more…)
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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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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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