Forex
The Foreign Exchange Market – better known as FOREX - is a
world wide market for buying and selling currencies. It
handles a huge volume of transactions 24 hours a day, 5
days a week. Daily exchanges are worth approximately $1.5
trillion (US dollars). In comparison, the United States
Treasury Bond market averages $300 billion a day and
American stock markets exchange about $100 billion a day.
The Foreign Exchange Market was established in 1971 with
the abolishment of fixed currency exchanges. Currencies
became valued at 'floating' rates determined by supply and
demand. The Forex grew steadily throughout the 1970's, but
with the technological advances of the 80's FOREX grew from
trading levels of $70 billion a day to the current level of $1.5
trillion.
More individuals Trade Forex Online and are entering the
Forex Trading market on a daily basis than ever before. These
beginner Currency traders are looking for easily obtainable
Forex trading education on Forex online trading systems and
Forex trading platforms,in order to equip themselves with the
knowledge to trade Forex online and educate themselves in
the art of trading the global Currency markets.
The Foreign Exchange Market – better known as FOREX - is a
world wide market for buying and selling currencies. It
handles a huge volume of transactions 24 hours a day, 5
days a week. Daily exchanges are worth approximately $1.5
trillion (US dollars). In comparison, the United States
Treasury Bond market averages $300 billion a day and
American stock markets exchange about $100 billion a day.
The Foreign Exchange Market was established in 1971 with
the abolishment of fixed currency exchanges. Currencies
became valued at 'floating' rates determined by supply and
demand. The Forex grew steadily throughout the 1970's, but
with the technological advances of the 80's FOREX grew from
trading levels of $70 billion a day to the current level of $1.5
trillion.
More individuals Trade Forex Online and are entering the
Forex Trading market on a daily basis than ever before. These
beginner Currency traders are looking for easily obtainable
Forex trading education on Forex online trading systems and
Forex trading platforms,in order to equip themselves with the
knowledge to trade Forex online and educate themselves in
the art of trading the global Currency markets.
The advantages to trading in
FOREX
· Liquidity - Because of the size of the Foreign Exchange
Market, investments are extremely liquid. International banks
are continuously providing bid and ask offers and the high
number of transactions each day means there is always a
buyer or a seller for any currency.
· Accessibility – The market is open 24 hours a day, 5 days a
week. The market opens Monday morning Australian time and
closes Friday afternoon New York time. Trades can be done
on the Internet from your home or office.
· Open Market – Currency fluctuations are usually caused by
changes in national economies. News about these changes
is accessible to everyone at the same time – there can be no
'insider trading' in FOREX.
· No commission – Brokers earn money by setting a 'spread' –
the difference between what a currency can be bought at and
what it can be sold at.
FOREX
· Liquidity - Because of the size of the Foreign Exchange
Market, investments are extremely liquid. International banks
are continuously providing bid and ask offers and the high
number of transactions each day means there is always a
buyer or a seller for any currency.
· Accessibility – The market is open 24 hours a day, 5 days a
week. The market opens Monday morning Australian time and
closes Friday afternoon New York time. Trades can be done
on the Internet from your home or office.
· Open Market – Currency fluctuations are usually caused by
changes in national economies. News about these changes
is accessible to everyone at the same time – there can be no
'insider trading' in FOREX.
· No commission – Brokers earn money by setting a 'spread' –
the difference between what a currency can be bought at and
what it can be sold at.
How does it work?
Currencies are always traded in pairs – the US dollar against the
Japanese yen, or the English pound against the euro. Every
transaction involves selling one currency and buying another, so if
an investor believes the euro will gain against the dollar, he will sell
dollars and buy euros.
Currencies are always traded in pairs – the US dollar against the
Japanese yen, or the English pound against the euro. Every
transaction involves selling one currency and buying another, so if
an investor believes the euro will gain against the dollar, he will sell
dollars and buy euros.
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Be diligent to know the state of your flocks, And attend to your herds. Proverbs 27 v 23
The USD index measures the performance of the US Dollar
against a basket of currencies. This performance is
calculated by a formula whose real-time result is
represented in the chart. The currencies are: EUR, JPY, GBP,
CAD, CHF and SEK. It provides a general indication of the
international value of the US Dollar.
The weightings of the currencies are as follow;
Currency Weight
Euro 57.6%
Japanese Yen 13.6%
British Pound 11.9%
Canadian Dollar 9.1%
Swedish Krona 4.2%
Swiss Francs 3.6%
Currency Trader
Magazine
Currency Trader is a
leading magazine on Forex.
and to download the latest
copy from
currencytradermag.com
Magazine
Currency Trader is a
leading magazine on Forex.
and to download the latest
copy from
currencytradermag.com
Forex
