Forex Trading (or Foreign Exchange Trading) is actually one of the most lucrative types of investments available today. The Forex market is the largest market in the world because it deals with every major country, on every continent in the world. Since it deals with countries around the world, it is open 24 hours a day, 7 days a week. The Forex market place does not have a physical location, but it is a large network of banks and investors who exchange currency for large profit. Profits are so large that it’s daily volume averages about 1.8 trillion dollars. Realistic investors make hundred percent or more profit per month. However, like any other type of investing, you need to have knowledge of the market to be successful.
Money is made using the Forex market place 2 ways. The first way is by buying low and selling high. For example, The Euro and Swiss value is going up, so you buy shares of the USD/Swiss. At the same time the you will sell the USD/Euro while it is up, locking in profit. This sounds easy, but in reality it takes a large amount of knowledge to understand. You will also make money on the banks interests rate, which may vary from country to country.
There are several ways that you can invest in the Forex trading market, each with their own unique set of pros and cons. Click to read more!
Tuesday, May 29, 2007
Monday, May 28, 2007
Spot Market
Currency spot trading is the most popular foreign currency instrument
around the world, making up 37 percent of the total activity. The fast-paced spot market
is not for the fainthearted, as it features
high volatility and quick profits (and losses). A spot deal consists of a bilateral
contract whereby a party delivers a specified amount of a given currency
against receipt of a specified amount of another currency from a
counterparty, based on an agreed exchange rate, within two business days of
the deal date. The exception is the Canadian dollar, in which the spot delivery
is executed next business day.
The name "spot" does not mean that the currency exchange occurs the
same business day the deal is executed. Currency transactions that require
same-day delivery are called cash transactions. The two-day spot delivery for
currencies was developed long before technological breakthroughs in
information processing.
Find out more about spot trading and Forex in general at FOREX
around the world, making up 37 percent of the total activity. The fast-paced spot market
is not for the fainthearted, as it features
high volatility and quick profits (and losses). A spot deal consists of a bilateral
contract whereby a party delivers a specified amount of a given currency
against receipt of a specified amount of another currency from a
counterparty, based on an agreed exchange rate, within two business days of
the deal date. The exception is the Canadian dollar, in which the spot delivery
is executed next business day.
The name "spot" does not mean that the currency exchange occurs the
same business day the deal is executed. Currency transactions that require
same-day delivery are called cash transactions. The two-day spot delivery for
currencies was developed long before technological breakthroughs in
information processing.
Find out more about spot trading and Forex in general at FOREX
Sunday, May 27, 2007
Forex
Currency trading has a long history and can be traced back to the ancient
Middle East and Middle Ages when foreign exchange started to take shape after
the international merchant bankers devised bills of exchange, which were
transferable third-party payments that allowed flexibility and growth in foreign
exchange dealings.
The modern foreign exchange market characterized by the consequent
periods of increased volatility and relative stability formed itself in the twentieth
century. By the mid-1930s London became to be the leading center for foreign
exchange and the British pound served as the currency to trade and to keep as a
reserve currency. Because in the old times foreign exchange was traded on the
telex machines, or cable, the pound has generally the nickname “cable”. In 1930,
the Bank for International Settlements was established in Basel, Switzerland, to
oversee the financial efforts of the newly independent countries, emerged after
the World War I, and to provide monetary relief to countries experiencing
temporary balance of payments difficulties.
Find out more at Forex
Middle East and Middle Ages when foreign exchange started to take shape after
the international merchant bankers devised bills of exchange, which were
transferable third-party payments that allowed flexibility and growth in foreign
exchange dealings.
The modern foreign exchange market characterized by the consequent
periods of increased volatility and relative stability formed itself in the twentieth
century. By the mid-1930s London became to be the leading center for foreign
exchange and the British pound served as the currency to trade and to keep as a
reserve currency. Because in the old times foreign exchange was traded on the
telex machines, or cable, the pound has generally the nickname “cable”. In 1930,
the Bank for International Settlements was established in Basel, Switzerland, to
oversee the financial efforts of the newly independent countries, emerged after
the World War I, and to provide monetary relief to countries experiencing
temporary balance of payments difficulties.
Find out more at Forex
Wednesday, May 23, 2007
New Forex Site
Designed for beginning investors, this new site on Forex explains the system simply and without a lot of fluff. It's the best site I have ever seen - Click on this link to be instantly transported there!
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