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Posts Tagged ‘currency trading’
Reviews of Forex Trading in 2009
Wednesday, December 31st, 2008With the stock market in a shambles and the economy tanking around the world, savvy investors are taking more interest in trading in foreign exchange. There will be tremendous opportunities as European and Asian economies decline over the next year. As battered as the US dollar has been it will still be a haven for world wide currency traders. As other markets decline the flight into dollars will increase. To take full advantage of the coming trends you should take full advantage of the opportunities offered though automated Forex trading. You can are review three of the absolutely best sites to get started in Forex trading. Compare all of the best and choose which one you want to start with.
Forex trading will lead the way though the morass of shattered economies. Be on the cutting edge and stay ahead of the curve.
Check out the best of the best at www.MasteringForex.net.
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Good luck trading,
Steve Leventhal
Forex Trading Reviews
Wednesday, December 31st, 2008
You can review three really good Forex Trading programs at www.masteringforex.net. or go the the Grand Daddy of them all:
FOREX VIDEO - PRE LONDON OUTLOOK AUGUST 28TH 2009
Saturday, September 12th, 2009
Hey Everyone. Tough London trading prevails however we are trading in the context of some longer term direction especially on the Pound related pairs. In this presentation I draw up a conservative trade plan for Pound Yen and Cable. Lots of Fibonacci work today as well as longer term chart use for an intraday bias. Good luck and have a safe weekend. David Pegler
Duration : 0:6:47
FOREX VIDEO - PRE LONDON OUTLOOK AUGUST 20TH 2009
Saturday, September 5th, 2009
Hi everyone, until we break out of the some of these longer term ranges, this choppy, session by session trading will prevail. This in mind all that we have at our disposal is basic price action on smaller time frames and old school support and resistance. In this video I highlight the Pound USD and Euro Yen cross. I have identified the longer term ranges and the short term trading possibilities. Good luck and happy trading. David Pegler
Duration : 0:8:51
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Saturday, August 29th, 2009
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The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies. [1]
The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business’s income is in U.S. dollars.
In a typical foreign exchange transaction a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.
The foreign exchange market is unique because of
* its trading volumes,
* the extreme liquidity of the market,
* its geographical dispersion,
* its long trading hours: 24 hours a day except on weekends (from 22:00 UTC on Sunday until 22:00 UTC Friday),
* the variety of factors that affect exchange rates.
* the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
* the use of leverage
Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.
As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements,[2] average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world’s main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:
* $1.005 trillion in spot transactions
* $362 billion in outright forwards
* $1.714 trillion in foreign exchange swaps
* $129 billion estimated gaps in reporting
Market size and liquidity
Presently, the foreign exchange market is one of the largest and most liquid financial markets in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. [2] Since then, the market has continued to grow. According to Euromoney’s annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%.[4] In addition to “traditional” turnover, $2.1 trillion was traded in derivatives.
Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts.
Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India—[1]; [2]) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.
FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).
Duration : 0:2:31
FOREX VIDEO - PRE LONDON OUTLOOK AUGUST 21ST 2009
Saturday, August 22nd, 2009
Hi everyone. Unfortunately not much new information has entered the market since we last spoke; as a result these volatile but rangy market conditions prevail. For todays outlook I highlight a few key breakout levels for Cable, Euro and Pound Yen. Simply taking 4 hr and daily charts into account and building a trade plan around some important support and resistance. Good luck. David Pegler
Duration : 0:8:0
Successful Automatic Forex Trading
Saturday, August 15th, 2009
Link you forex trading account to forex trading experts that are achieving 90% to 100% success rates and let them do all the work. Ths service is totally fre and you can test it for as long as you want before linking your account to any of these competent traders. Please visit http://www.forextradersupportservices.com for more details
Duration : 0:2:15
MetaTrader 4 Tutorial - Placing Orders (Part 1)
Saturday, August 8th, 2009
This is part 1 of a two part tutorial explaining the different order types and how to place them in Metatrader.
For more information go to www.traderschoicefx.com.
Metatrader is a very versatile and widely used forex trading platform. Many new forex traders and professional traders utilize this platform for all of their forex trading needs.
Throughout this video you will learn all of the different order types that you are able to trade on Metatrader.
TradersChoiceFX works with several different Metatrader brokers, and can enhance your trading by giving you a cash bonus on every single trade that you place.
This cash bonus will help to minimize your transaction costs and improve your forex trading experience.
To get started simply click this link:
http://www.traderschoicefx.com/self-traders/trade-rebates.html
Get paid to trade on Metatrader 4!
Duration : 0:8:51
Learn Forex With FXCM: Trading The US Dollar, Part 2 of 3
Saturday, August 8th, 2009
RISK WARNING: http://www.fxcm.com/risk-warning.jsp
Watch Educational Forex Trading Videos from FXCM
FXCM is a retail forex broker regulated in the US, the UK, Hong Kong, Australia, and Canada. In the US, FXCM is a registered FCM with the CFTC and is a member of the NFA (ID # 0308179). FXCM, one of the largest and most financially powerful forex brokers in the world, provides No Dealing Desk trading execution to over 100,000 live accounts trading through its multiple platforms* With No Dealing Desk execution, FXCM eliminates any conflict of interest between broker and trader, and ensures that there is no dealer intervention in trades. Each of its clients trades is executed back to back with one of the world’s leading banks or financial institutions as they compete to stream their best bid and ask prices, with spreads as low as 1 pip, to FXCM. Offering self-trading forex accounts in micro, mini, and standard sizes, traders can denominate their FXCM account in USD, EUR, GBP, AUD, CAD, JPY. FXCM offers clients the ability to trading directly from charts and proprietary algorithmic-based trading signals.
FXCM’s discount brokerage division, FXCM Micro, allows traders to experience the excitement of the forex market with as little as $25.
FXCM has a 24-hour-a-day, 7 days a week LIVE support Phone, IM, and E-mail. Sign up for a free practice account now.
* Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard and Mini accounts. For additional information, click here.
** Without proper risk management, a high degree of leverage can lead to large losses as well as gains.
***Risk Warning:
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 ociated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Duration : 0:3:0