Currency Trading Information Channel
A Short Introduction To FOREX (Foreign Exchange)
FOREX is the world's largest and most liquid trading market. Many consider FOREX as the best home business you can ever venture in. Even though regular people have had the opportunity to take part in trading foreign currencies for profit (in the same way banks and large corporations do) since 1998, it is just now becoming the cool, hip, new "thing" to talk about at parties, business events, and other social gatherings.
Even though it has been somewhat of a loosely guarded secret, every day more and more investors are turning to the all-electronic world of FOREX trading for income and profit because of its numerous benefits & advantages over traditional trading vehicles, like stocks, bonds and commodities.
But, still, whenever something seems new or is just becoming a part of social conversation, news articles, and water cooler gossip, misconceptions have to be overcome, the mind has to be open and the slate has to be clear for starting out fresh with the CORRECT information.
So, in this article, it is my attempt to give you some solid, but not over-detailed, information on just what the heck "FX" (FOREX) means, what it is, and why it exists.
As a successful trader said, Trading FOREX is like picking money up off the floor. Not trading FOREX is like leaving it there for someone else to pick up." Others in the industry have also said, Trading FOREX is like having an ATM machine on your own computer.
Here's an explanation (one I feel you'll appreciate) of what FOREX is and how a bunch of traders, profit from it:
The Foreign Exchange Market, also referred to the "FOREX" or "FX" market, is the spot (cash) market for currency.
But, don't mistake FX as trading the futures market, where you buy a contract to purchase a particular currency at a future price in time.
What FX traders do is much less risky than trading currencies on the futures market, much more profitable, and a lot easier, than trading stocks.
So, you're probably wondering where it's at ... or ... how to access the FX market?
The answer is: FX Trading is not bound to any one trading floor and is not centralized on an exchange, as with the stock and futures markets. The FX market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Yes, if that's the first time you've heard about an all-electronic market, I know this may sound somewhat intriguing to you.
Here's what you are actually trading when you participate in the Foreign Exchange (FOREX) market:
Essentially, like the large banks who use the FX market to protect themselves from the fluctuating exchange rate of different currencies, as an investor, what a FX trader is doing is simultaneously exchanging one countries currency for another. So, in actuality, they're electronically trading a currency-pair and the price that is quoted to us is the exchange rate between the two currencies.
In other words, simply the quoted price is how many of the one currency is worth 1 of the other currency.
EUR/USD last trade 1.2850 - One Euro is worth $1.2850 US dollars. The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.
The FOREX has a DAILY trading volume of around $1.5 trillion dollars - 30 times larger than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the FOREX market every day and the FOREX would still have more money left than the New York Stock exchange every day!
The FOREX plays a vital role in the world economy and there will always be a tremendous need for the FOREX. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Japan can sell products in the United States and be able to receive Japanese Yen in exchange for US Dollar.
There's plenty of money to be made using FOREX for plenty of traders that use the right trading techniques / tactics that will allow them to profit immensely. And, with only 5% of the daily turnover of volume coming from banks, government and large corporations who need to hedge, the other 95% is for speculation and profit.
http://www.1-forex.com Omar Vargas; Forex trader and freelance writer.
MORE RESOURCES updated Wed. June / 19 / 2019
Apply "the secret" to forex trading success ForexLive
What's "the secret" behind successful traders? The Forex market is the largest trading network in the world with $1.8 trillion dollars being exchanged every day.
Trump Tweets Draghi Over Euro Drop Adding Currency to Trade War Bloomberg
President Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too.
What Are The Benefits Of Forex Trading? ValueWalk
As already mentioned, Forex trading does not cost a lot of money if you are beginning, especially when compared to equity markets.
Never lose hope in currency trading business Rocky Mountain Collegian
Sponsored *Content*: Never lose hope in currency trading business A good trader will know about the right kind of performance in the business. It is very.
Banks accused of overcharging small customers for forex services Financial Times
Banks across Europe earn hundreds of millions of euros a year from overcharging small corporate customers for foreign exchange services, according to a new ...
Trump trade war policy: Deal clauses could disrupt FX market, economy Business Insider
HSBC warns that trade deals could make the economy itself more volatile if the currencies involved can no longer respond to changes in fundamentals.
Major currency pairs IG
Discover what the major currency pairs in the world are and how you can trade them.
Forex Trading Opportunities for the Week Ahead [Video] FXStreet
About the Author Sam Eder is a currency trader and author of "The Definitive Guide to Developing a Winning Forex Trading System" and ...
CFTC Lawsuit Alleges $147 Million in Bitcoin Defrauded From Trading Scheme Investors CoinDesk
The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Control-Finance Limited, a purported Bitcoin ...
Nigeria's Retail Forex Trading Market is Emerging - Report AllAfrica.com
Forex market has been around for quite some time now, and it is one of the largest financial markets in the world. It involves trading in the currencies ...
Stock vs. Forex Trading: Which Investment is the Riskiest? - VENTS Magazine
Traders and investors have a hard time deciding which market to channel their efforts to. In such quagmires, a trader's trading style and risk tolerance come into ...
Where Is the Best Place to Exchange Foreign Currency? U.S. News & World Report
Consider trading your U.S. dollars for foreign currency before you start your vacation so you can find the lowest fees and the best conversion rate.
No comments on monetary policy from Draghi in closing remarks at Sintra ForexLive
Trade currency pairs: your guide to trade currency pairs Capital.com
Trade currency pairs CFDs, shares, commodities, cryptocurrencies and indices through Capital.com's award-winning platform. No commission. FCA and CySEC ...
Pound to euro exchange rate: GBP hits six month low as currency plummets Express
THE POUND slumped against the euro for the third day in a row yesterday sending GBP plummeting to a new six-month low against the euro. The exchange ...
Best platform for Forex trading Augusta Free Press
Forex or as most people know it, foreign exchange, is a decentralized world market where people can trade, buy or sell currencies.
How to Trade Forex | Forex Trading Examples IG Bank
Follow six steps to easily start trading forex. See forex trading examples, learn how FX markets work and find out what you need to do to place your first trade.
FCA Advises Traders to Avoid Forex ‘Education’ Firm Finance Magnates
The FCA advised members of the public against doing business with Bucketlist Traders this Tuesday. The firm allegedly provides forex education services.
Coinbase launches its cryptocurrency debit card in six more countries in Europe CNBC
Digital currency exchange Coinbase announced Wednesday its Visa debit card is to launch in six more European countries after debuting in the U.K. in April.
Singapore Spurs Development of FX Trading Hub & Ecosystem Finextra
With the uptick in Asian currency trading and the growth of electronic trading, Singapore's regulator is working with the financial industry to build an FX trading ...
Forex trading volumes fall 9.6% to $1.62 trln in May - CLS Nasdaq
LONDON, June 10- Average daily foreign exchange trading volumes fell 9.6% year-on-year in May to $1.62 trillion, CLS said on Monday, as calmer.
Top 8 Forex Trading Strategies and their Pros and Cons MENAFN.COM
(MENAFN - DailyFX) top forex strategies Main talking points: What is a Forex Trading Strategy? Forex Strategies: A Top-level Overview Forex Trading Strategies ...
RBI to set up forex trading platform for SMEs, get more players for Small Finance Banks - Economic Times
RBI to set up forex trading platform for SMEs, get more players for Small Finance Banks Economic Times
The Central Bank now proposes to include more players to enhance access to banking facilities to the small borrowers and to encourage competition.
Learning the basics of forex trading The Financial Express
You need to invest through a Sebi authorised broker to ensure that your forex trading actions are legal.
Gold Price Gears Up for Another Shot at Big-Picture Breakout DailyFX
Gold prices have remained on the move so far in June, but a big area of long-term resistance has come back into play. Can buyers finally elicit a push beyond ...
Kiwi Price Outlook: New Zealand Dollar Counter-Offensive, First Test DailyFX
A defense of the yearly lows in Kiwi has the recovery testing initial resistance targets ahead of the Fed. Here are the levels that matter on the NZD/USD price ...
China shares tumble amid trade jitters CNBC
Treasury Secretary Steven Mnuchin told CNBC that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy ...
The bogey of currency manipulation BusinessLine
Which emerging markets have seen significant depreciation in exchange rates? And should 'manipulation' be blamed for that?
Forex Trading Emirates Business 24/7
We reveal everything you need to know about forex trading as a beginner - the basic terms, how to start and what to look for.
'Sell Bitcoin... buy Libra' – should you invest in Facebook's new digital currency? - Telegraph.co.uk
'Sell Bitcoin... buy Libra' – should you invest in Facebook's new digital currency? Telegraph.co.uk
Digital currency Bitcoin's value has soared to a one-year high, at the same time as Facebook unveils its own cryptocurrency. "Libra" is being designed by a ...
PM proposes new currency based on gold, says present currency trading manipulative The Sun Daily
TOKYO: Malaysia is proposing a new currency based on gold as it is more stable as opposed to the present currency trading which is manipulative, says ...
Bitcoin Daily Forecast DailyForex.com
Bitcoin markets went back and forth during the trading session on Tuesday, as we reached towards the $9200 level.
Asia markets mixed as investors worry over US-China trade tensions CNBC
Asia Pacific markets were mixed on Friday as investors remained worried over trade tensions between the United States and China.
Forex trading for retail investors The New Indian Express
Initially, the facility will be available only for US dollars, but more currencies will be added gradually. The minimum order is $1,000 with multiples of $500 thereof.
Barclays and RBS fined by Switzerland for currency rigging Sky News
Five banks are accused of rigging the foreign exchange market following an investigation in Switzerland.
AUD Trading A Tad Lower In The Asian Session Action Forex
For the 24 hours to 23:00 GMT, the AUD rose 0.32% against the USD and closed at 0.6877. LME Copper prices rose 1.6% or $92.5/MT to $5848.5/MT.
Citibank, UBS, JP Morgan, Barclays and RBS sued for rigging currency exchange rates ABC News
The world's largest investment banks — UBS, JPMorgan, Citibank, Barclays and the Royal Bank of Scotland — have been sued for allegedly rigging currency ...
Dr M proposes new currency for East Asia - Business News The Star Online
TOKYO: Malaysia is proposing a new currency based on gold as it is more stable as opposed to the current currency trading which is manipulative, says Prime ...
Nikkei 225 closes higher by 1.72% at 21,333.87 ForexLive
Japanese stocks rally as Asian equities are boosted by more buoyant trade sentiment from overnight trading As such, US equity futures are more cautious ...
Daily Currency Trading Tip For May 22 - Short Pound, Short Australian Dollar-Yen, Buy Gold - Exchange Rates UK
Daily Currency Trading Tip For May 22 - Short Pound, Short Australian Dollar-Yen, Buy Gold Exchange Rates UK
Our guest analyst, Marshall Gittler, makes these three trading recommendations for trading on May 23rd. Stay short GBP. It's hard to imagine that things could get ...
Trade war breakthrough hopes lift ASX to 11-year high The West Australian
The Australian sharemarket has surged by more than a percentage point to hit another 11-year high amid indications Chinese-US trade tensions could be ...
How Kenyans are gambling away millions in shady online forex trade The Standard
Promise of returns as high as 20pc per month luring gullible investors to put their money in questionable hands.
Why forex trading is an ideal home business venture | Business Leader News Business Leader
Foreign exchange trading is an increasingly popular way to make money while working from home, and with application, discipline and hard work it can be ...
Dollar edges up on trade, political worries Reuters
NEW YORK (Reuters) - The dollar edged higher against a basket of currencies on Tuesday, lifted by trade and political worries and a strong rise in U.S. ...
USD/CAD Canadian Dollar Flat Awaiting End of Fed Meeting MarketPulse
The loonie was nearly flat against the US dollar on Monday. Crude prices retreated from their supply disruption highs after the attacks in the Gulf of Oman and ...
Top 5 Events: June Fed Meeting Preview & EURUSD Forecast DailyFX
The June Fed meeting will conclude on Wednesday, June 19 at 18:00 GMT with Fed Chair Jerome Powell's press conference starting at 18:30 GMT.
Millions lost in 'celebrity-backed scams' BBC News
Celebrity influencers are being used to promote crypto-asset or currency trading schemes which are scams.
US proposes punishment for countries that manipulate currencies Financial Times
The Trump administration has proposed punitive duties on countries that artificially lower their currencies — a sweeping trade policy tool that could be used ...
Ongoing Political Limbo Making Life Hell For Currency Traders Investing.com
The pound sterling held its own as the March 29 deadline for Brexit approached and FX traders maintained hope that reason would prevail and a long transition ...
Is crypto-currency trading exempt from GST/HST? Canadian Accountant
TORONTO – To date, the Canada Revenue Agency treats Bitcoin—and crypto-currencies in general—as a commodity for tax purposes. As a result, the CRA will ...
Current currency trading is manipulative, says Malaysia's Dr M Salaam Gateway
Malaysia is proposing a new currency based on gold as it is more stable as opposed to the current currency trading which is manipulative, says Prime Minister ...
Short Aussie, long yen is the hot new currency bet for trade war - Business News The Star Online
SINGAPORE: Short Australia's risk-sensitive currency against the haven yen.
Italy’s Mini-BOTs: Fiscal Stimulus or Illegal Parallel Currency? DailyFX
Italy's politicians continue to keep markets on edge as their budget indiscipline intensifies and talks about further debt issuance are re-ignited. Italian 10-year ...
Rupee trades flat at 69.69 per dollar Moneycontrol
Today, USDINR pair is expected to open at 69.70(June) and quote in the range of 69.40 and 70.05-70.20, says Motilal Oswal.
USD/CHF Forex Signal DailyForex.com
USDCHF Analysis: Will the price get established above parity?
Loonie Trading A Tad Higher In The Morning Session Action Forex
For the 24 hours to 23:00 GMT, the USD slightly rose against the CAD and closed at 1.3410. In the Asian session, at GMT0300, the pair is trading at 1.3404, with ...
Japan Hopes to Set Global Crypto Law Benchmark With Latest Regulatory Update Cointelegraph
While Japan's new laws are welcoming for most crypto exchanges, as they expect more institutional investors, custodians and wallet makers are getting worried.
Forex Trading: AUDUSD Pulled Back to $0.692 Level, Bearish Trend May Continue ForexTV.com
Should the Bears exert more pressure, further declination in price is certain and the currency pair may target $0.680 level. In case the Bulls prevailed over the ...
Future Returns: The Risk and Reward of Foreign Currency Exchange Markets Barron's
While most advisors recommend leaving the foreign currency exchange market to the pros, individual investors are increasingly entering the market as ...
EURUSD Rate Breakout Undermined by Dovish ECB Forward Guidance DailyFX
EURUSD struggles to hold its ground ahead of the Fed rate decision as ECB President Mario Draghi endorses a dovish forward-guidance for monetary policy.
Venezuela loosens currency exchange controls to allow forex trading Reuters
CARACAS (Reuters) - Venezuela will allow local banks to open foreign currency trading platforms as part of a loosening of the OPEC nation's exchange controls ...
OKCoin collaborates with Simplex to start credit cards deposits Forex Crunch
Cryptocurrency exchange OKCoin has announced a collaboration with Simplex, an Israeli-based credit card payments provider, to facilitate deposit services for ...
USD, Gold & Stock Price Volatility Eye Looming Fed Meeting DailyFX
What might implied volatility measures suggest about the next direction in spot gold, the US Dollar and stocks ahead of this week's FOMC rate decision?
Forex trading – what are the best currencies to trade? Capital.com
Currencies are priced in other currencies, and all major denominations are quoted in “cross rates” against each other. Traders may choose a fairly predictable ...
Asian stock markets extend global rally as Trump fuels trade deal hope The Sun Daily
HONG KONG: Asian markets rallied today after US President Donald Trump hailed “very good” phone talks with China's President Xi Jinping and said they ...
Russia's Central Bank Is Considering Launching a Digital Currency CoinDesk
The head of Russia's central bank has said the institution could one day launch its own digital currency. Chairwoman Elvira Nabiullina told a student conference ...
The Twilight Trading Hour Strikes Currency Markets Again The Wall Street Journal
There is a fragile spot in the $5.1 trillion currency market: early morning in Asia. This one- to two-hour period when U.S. traders are heading home—but market ...
Are forex trading signals for you? ForexLive
What you need to know about signals from UBCFX Foreign exchange or forex is defined as the exchange of a nation's currency for that of another is. Overall, the ...
Is Bitcoin's Increasing Anonymity a Threat to Privacy Coins? Cointelegraph
Bitcoin's privacy is getting better, but does it pose an existential threat to anonymous cryptocurrencies?
FX Trading - Currency Trading FXTM
Discover the details of foreign exchange, currency trading, currency pairs, forex market hours, forex trading fundamentals, trading signals and more. | FXTM ...
Collapsed Cryptopia Founder Wants You to Put Funds on His New Exchange CoinDesk
Because there are, apparently, second acts in crypto, the creator of the defunct Cryptopia exchange is trying again with a new exchange product called ...
How to Start a Currency Trading Business Virtual-Strategy Magazine
Thinking on how to start a currency trading business? Then you are in the right place. Currency trading remains the largest financial market in the world. It's.
Forex trading: Understanding account types and differences ForexLive
Instaforex: See what different account options are available to FX traders There are a number of different account types available in the FX sphere and this article ...
Currency-Trading Algos “Flummoxed” by Rapid-Fire Brexit Headlines WOLF STREET
The drama of Brexit with all its arcane details of UK parliamentary procedures and rarely noted characters that suddenly appear prominently on the global stage ...
Shaving Milliseconds Off Currency Trades Could Make Singapore Billions Bloomberg
Follow Bloomberg on LINE messenger for all the business news and analysis you need. Singapore is grabbing an opportunity measured in milliseconds to win a ...
WTI Crude Oil and Natural Gas Forecast DailyForex.com
The WTI Crude Oil market took off to the upside during the trading session on Tuesday, as the ECB suggested more quantitative easing is on the way.
Brexit is a nightmare for currency traders CNN
The Brexit deal negotiated by Prime Minister Theresa May will almost certainly be voted down by UK parliament on Tuesday. Currency traders are trying to figure ...
Forex Trading – What You Need to... Forex Crunch
Forex trading is popular with many people because you do not need to make a large investment to get started. However, while it's certainly possible to.
Proper Forex trading plans are never too aggressive AZ Big Media
Most control must come to risk management. There will be a good trading performance if you can handle the trading performance with that. In this article, we are ...
Forex Trading Tools Benzinga
FOREX.com is one of the world's largest forex brokers. Account holders get competitive pricing, award-winning customer *service*, actionable data and powerful ...
Citi Joins UBS in Setting Up Singapore Currency Trading Hub Bloomberg
Citigroup Inc. is planning to join UBS AG with an electronic currency trading and pricing platform in Singapore, setting up systems to boost liquidity in Asia's ...
Currency Traders Should Get Ready for Big Move in the Dollar Bloomberg
Currency traders should brace for a large move in the dollar, if past periods of low volatility are a guide.
Europe hits 5 banks with $1.2 billion fine over currency trading cartel CNN
London (CNN Business) Five global banks have been slapped with a €1.07 billion ($1.2 billion) fine in Europe for running cartels that coordinated currency ...
Meet the 16-year-old London currency trader who has turned £150 into £60,000 MyLondon
With the money he's made he wants to treat his single dad and siblings to a holiday to America.
Facebook to Roll Out 'GlobalCoin' Cryptocurrency in 2020: Report CoinDesk
Social media giant Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020, according to a report from the BBC. The news and ...
Currency trading: Morgan Stanley says delusional investors making mistake Business Insider
Hans Redeker, the lead global FX strategist for Morgan Stanley, says investors are making a crucial mistake that could end up working against them.
How to Start a Career as a Forex Trader NuWire Investor
Making a consistent profit in the forex trading industry is extremely hard – something many newbie investors find out the hard way. Before you dive into a life of ...
UPDATE 1-FX trading volumes slide in April as calmer markets deter investors Reuters
FX average daily trading volumes down 8.3 pct in April y/y -CLS.
The 9 Best Forex Trading Courses - Forex Trading Training • Benzinga Benzinga
Forex trading courses can be the make or break when it comes to investing successfully. Read and learn from Benzinga's top training options.
Refinitiv currency trading and data terminals face ‘major incident’ Financial Times
Refinitiv's foreign currency trading platform and financial data terminal both suffered a serious incident on Tuesday, a day after volatility swept across worldwide ...
Best Forex Trading Software Benzinga
Forex trading is an around the clock market. Benzinga provides the essential research to determine the best trading software for you in 2019.
Best Forex Trading Mobile App Benzinga
FOREX.com is one of the the largest forex broker for traders. You will get competitive pricing, award-winning customer *service*, and powerful trading platforms to ...
How Does Forex Trading Work? FinSMEs
Forex trading is one of the most profitable money-making options — a successful trader can double their investment in 6 months. However, it is also extremely ...
How to Trade Forex - and Is It Worth the Risk? TheStreet.com
Trading currencies is an enormous part of the world market. Here's how it works and whether it's worth the risk....VLKAF.
Zimbabwe Starts Currency Trading in Bid to End Dollar Dearth Bloomberg
Zimbabwe began formal trading of what's effectively a new currency as it tries to ease a shortage of dollars that's crushed the economy. The initial rate for the ...
A Guide to GDP and Forex Trading DailyFX
GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to ...
Trump's tariff battle with China is spurring record dollar-yuan trading CNBC
Market uncertainty due to the ongoing trade dispute between the U.S. and China has spurred a jump in trading volumes for the dollar-yuan currency pair in ...
China's currency is sending a warning signal about the trade war CNBC
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.
FX Futures: How Currency Trading Revolutionized Finance TheStreet.com
Financial futures today represent 90 percent of global futures trade, with currency futures being the first financial futures product to trade 45 years ago. Today's ...
Dollar lower in holiday-thin trade, oil drives loonie, rouble gains CNBC
The dollar was little changed against a basket of currencies in thin holiday-impacted trading on Monday, while a jump in the price of oil on news that Washington ...