orex, or Foreign Exchange, is the simultaneous buying of one currency while selling for another. This market of exchange has more buyers and sellers and daily volume than any other in the world. Taking place in the major financial institutions across the globe, the forex market is open 24-hours a day.
In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to buy the currency that increases in value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit.
Currencies are quoted in pairs. The first listed currency is known as the base currency, while the second is called the counter or quote currency. In the wholesale market, currencies are quoted using five significant numbers, with the last placeholder called a point or a pip.
Tuesday, March 10, 2009
Forex Worldwide
There are plenty of self-selected experts online promoting their secret method to succeeding in the world of investing. A careful look at this market, however, reveals a tragic truth: These are the same old stories retold by hucksters looking to earn a buck. They jump on a particular stock that did well, they “reverse engineer” the trend line, they have their system ghostwritten, and then they promote “a forex training system like you’ve never seen before”.
Forex account type
GTL supports three different account types, Standard Accounts, Premium Accounts and Corporate Accounts. Clients are classified according to equity and net trading volume. Standard FX account holder can trade regular as well as mini contracts for Forex. One mini contact is 1/10th of a regular contract. So trader can tailor pip value of any FX pair as per his / her choice Likewise, to make a regular contract entering with 10 mini lots. Mini FX accounts have a lot size of 10,000 USD, and a default margin requirement of $50. The value of one pip, and therefore the scale of profit/loss potential, is 10 times smaller for Mini FX accounts than for Standard FX accounts.
- Minimum deposit: US$2,000 ($500 for Mini Forex accounts)
- 2-3 pip spreads on all major FX
- Interest-Free Account
- Aggressive spreads on all crosses / pairs
- Leverage up to 400:1
- One month Free SMS service of order execution
- $500 Bonus margin on introducing a new account of $5000
Minimum deposit:$100,000 US
- Leverage up to 200:1
- Interest Free
- Free programming of automated trading strategies
- Free SMS service on 1000 lots in a month.
- Bonus $500 on 1000 traded lots in a month
- Free PDA mobile phone set (for online trading on mobile phone)
- $500 Bonus margin on introducing a new account of $5000
- Minimum deposit:$500,000 US
- Leverage up to 100:1
- Interest Free
- Free programming of automated trading strategies
- Free SMS service on 1000 lots in a month.
- Bonus $500 on 1000 traded lots in a month
- Free PDA mobile phone set (for online trading on mobile phone)
- $500 Bonus margin on introducing a new account of $5000
- Minimum deposit: US$2,000 ($500 for Mini Forex accounts)
- 2-3 pip spreads on all major FX
- Interest-Free Account
- Aggressive spreads on all crosses / pairs
- Leverage up to 400:1
- One month Free SMS service of order execution
- $500 Bonus margin on introducing a new account of $5000
Minimum deposit:$100,000 US
- Leverage up to 200:1
- Interest Free
- Free programming of automated trading strategies
- Free SMS service on 1000 lots in a month.
- Bonus $500 on 1000 traded lots in a month
- Free PDA mobile phone set (for online trading on mobile phone)
- $500 Bonus margin on introducing a new account of $5000
- Minimum deposit:$500,000 US
- Leverage up to 100:1
- Interest Free
- Free programming of automated trading strategies
- Free SMS service on 1000 lots in a month.
- Bonus $500 on 1000 traded lots in a month
- Free PDA mobile phone set (for online trading on mobile phone)
- $500 Bonus margin on introducing a new account of $5000
Forex Definition
Forex is trading with foreign currency, stocks, and similar type of financial products. In forex trading, the currency of one country is weighed against the currency of another country to find out the value. The value of that foreign currency is taken into consideration when trading stocks on the forex market. Many countries have the control over the value of that country’s currency or money.
Most of the major banks, large businesses, governments and other financial institutions are involved in the forex market.
Stocks, bonds and mutual funds are the most popular asset classes and therefore get most of the market's attention, but there are other important investment opportunities every investor should know about as well, including options, futures, and currency. Although these investments are complex and usually intended for sophisticated investors, it's worth understanding what they are and how they operate in order to decide if they should play any role in your overall investment strategy
Most of the major banks, large businesses, governments and other financial institutions are involved in the forex market.
Stocks, bonds and mutual funds are the most popular asset classes and therefore get most of the market's attention, but there are other important investment opportunities every investor should know about as well, including options, futures, and currency. Although these investments are complex and usually intended for sophisticated investors, it's worth understanding what they are and how they operate in order to decide if they should play any role in your overall investment strategy
Forex News
- British Pound Declines Could Continue as UK CPI is Forecasted to Drop by Most in 7 Years
- Euro Falls Sharply as S&P Downgrades Spain’s Credit Rating, European Commission Forecasts Sharp Drop in Growth in 2009
- Canadian Dollar Outlook Depends Not on Bank of Canada’s Rate Decision, but Press Release Policy Bias
There are few fundamental themes that are so prominent that they can determine price action for the entire currency market; but one of those few happen to be risk appetite. However, with correlations wearing down and technicals filling out, a USDJPY range may represent a source of temporary stability for range traders.
US dollar and Japanese yen have been so strong, why the New Zealand dollar tumbled at the end of the US trading session, and which pieces of event risk may impact the British pound and Canadian dollar
- Euro Falls Sharply as S&P Downgrades Spain’s Credit Rating, European Commission Forecasts Sharp Drop in Growth in 2009
- Canadian Dollar Outlook Depends Not on Bank of Canada’s Rate Decision, but Press Release Policy Bias
There are few fundamental themes that are so prominent that they can determine price action for the entire currency market; but one of those few happen to be risk appetite. However, with correlations wearing down and technicals filling out, a USDJPY range may represent a source of temporary stability for range traders.
US dollar and Japanese yen have been so strong, why the New Zealand dollar tumbled at the end of the US trading session, and which pieces of event risk may impact the British pound and Canadian dollar
Forex Club
Forex Club offers two distinct trading platforms, one that features zero spreads (ExpressFX) and the other that features zero commissions (ClassicFX). ExpressFX features commission refunds on non-profitable trades, which means that you will only pay commissions for trades in the black. ClassicFX is a comprehensive trading station that features advanced tools, charts and indicators. Both platforms have guaranteed fills and allow position reversals and support trading with mini lots.
Forex trading and education
Whether you need ideas for a new strategy, to brush up on platform tools, or just to learn our platform for the first time, we have the resources you need at FOREX.com. Open a free forex practice account to test your knowledge with no risk or obligation, attend a webinar, or check our schedule for a forex workshop in your area.
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