Currency Trading

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Forex Trading


Foreign exchange market, or better known as FOREX, is the world's largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific currency exchange market, FOREX is the center stage where a vast majority of the currency trading or FOREX trading takes place, with a total daily turnover of currency worth more than $1.2 trillion.

For having such an enormous sum of total turnover everyday, FOREX can be considered as a liquid market ideal for Forex trading. Unlike many other securities, FOREX does not trade on a fix exchange rate, instead, currencies are traded primarily between central banks, commercial banks, non-banking international corporation, hedge funds, private investors and not to forget, speculators. Previously, smaller investors are precluded from trading in FOREX due to the large amount of deposit required. However, until the recent years, with the continuous growing of Internet and the rise of competitions, smaller investors can now trade in FOREX as the requirement to trade in FOREX has been amended.

Truthfully, there are a few factors why FOREX trading is starting to attract more and more medium and smaller sized investors. One of the main reasons is due to the fact that FOREX trading operates at 24 hours per day, 5 days per week. In addition to that, unlike the old days where trading is done only through telephone, it can now be done...

The full article available at http://www.forex.labuan.net/Forex-trading.html

Alvin Han is the editor of http://www.forex.labuan.net


MORE RESOURCES:

Chicago Mercantile, banks may team up for currency trading
Economic Times, India - Jul 23, 2008
MUMBAI: India’s two major stock exchanges — the National Stock Exchange (NSE) and the Bombay Stock Exchange — may have to ready themselves to take on a new ...


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In our last lesson we looked at what an increase or decrease in the quote for a particular currency pair means to us as traders of the forex market. ...


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Daily FX, NY - Jul 14, 2008
Our USD bearish stance has been proved correct to this point and we think there is a good deal of weakness going forward. The EURUSD is still the best ...


National Australia Falls Most Since 1987 on CDO Loss (Update1)
Bloomberg - 11 hours ago
The company has struggled to win back investor confidence after a currency trading scandal in 2004 and $2.2 billion of writedowns from the acquisition of ...


Turkish Press

Dollar pares gains vs. euro, slips vs. yen
MarketWatch - 20 hours ago
"Thursday's currency trading looks like a contest of which currency has the worst economic fundamentals, as the euro, sterling and kiwi are all falling ...
Dollar support tested International Business Times
Dollar Trades Near Two-Week High on Paulson, Plosser's Comments Bloomberg
Dollar Rises Versus Euro on Comments From Paulson, Fed Official Bloomberg
Bloomberg
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Subprime bullet bites confidence in bank
Sydney Morning Herald, Australia - 5 hours ago
Having been appointed 4½ years ago to steer NAB through the foreign currency trading scandal that almost brought the bank to its knees, Mr Stewart has been ...


Currency Trading Markets Likely to Offer Profitable Range Trades
Daily FX, NY - Jul 7, 2008
Currency market volatility has dipped once again through the past week of trade. An earlier spike in our DailyFX 3-Month Volatility Index quickly reversed ...


The Associated Press

Japan stocks drop on overnight US losses
The Associated Press - 9 hours ago
In currency trading, the dollar bought 106.66 yen midafternoon in Tokyo, down from 107.29 yen late Thursday in New York. The euro rose to $1.5720, ...


Top Currency Trading Ideas for the Week of June 30, 2008
Daily FX, NY - Jun 30, 2008
Expect a dollar rally to begin the week. This opportunity should be used to establish / add to long standing USD bearish positions. ...

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