Currency Trading Information Channel |
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Welcome to the World of Currency TradingIndeed large multinational and individual banks and other major financial institutions have dominated FX trading (also known as Forex trading), but there is a paradigm change in the nature and type of investing. According to one estimate, in the new millennium, there are over 6 million online investment accounts, up from 1.5 million in 1997. As a result, start-up firms now compete directly with financial institutions to serve investors in the new technologically driven economy, and the clear winner is the customer. The competition between the brick and mortar institutions and the Internet-based companies has dramatically lowered the costs of investing, and empowered the individual investor to take control of their own investment strategy in Forex trading. We know Forex trading is direct access trading of currencies. In the past, foreign exchange trading was limited to large banks and institutional traders but recent advancements in technology have allowed small traders to take advantage of the many benefits of Forex trading using online trading platforms to trade. Virtually Forex trading is done 24 hours day and almost 5 ½ days of a week. In the recent times, online trading has revolutionized the currency markets by making it accessible to the small and medium sized investor. The Forex trading is perhaps the largest financial market in the world, with a daily average turnover of approximately $1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example EUR/USD or USD/JPY or USD/INR etc. In the new millennium, the Forex trading has become accessible for an individual investor or small group of investors. In the current scenario, investors reap many benefits from Forex trading than stock market, e-mini futures and such other trading. Today mostly traders are choosing Forex trading than stock trading because there are approximately 4,500 stocks listed on the New York Stock exchange. Another 3,500 are listed on the NASDAQ. In spot Forex trading, you have 4 major markets, 24 hours a day 5.5 days a week. If you are so inclined, you have approximately 34 second-tier currencies to look at in your spare time. You can concentrate on the major forex and can find your trade. When you are investing in forex you can spend your afternoon on the golf course or with your spouse watching movie or celebrating holidays-in short it is easy and hassle free than stock/future market. Not only is it an accessible, easy and less capital-intensive business opportunity, but it is much more cost efficient too to invest in the Forex market, in terms of both commissions and transaction fees. Generally, commissions for stock trades range from a low of $7.95-$29.95 per trade with on-line brokers to over $100 per trade with traditional brokers. Opposite to that, typically stock commissions are directly related to the level of service offered by the broker. At the high end, traditional brokers offer full access to research, analyst stock recommendations, etc. In contrast, on-line Forex brokers charge significantly lower commission and transaction fees. Anthony Trister is a currency trader and is an owner of OneDayTrades which offers free, mechanical forex signals and an automated trading program for those wanting to trade forex. Free access available here: http://www.onedaytrades.com
MORE RESOURCES updated Wed. February / 05 / 2025 Kickstart North American FX trading day with a technical look at EURUSD, USDJPY & GBPUSD - ForexLive EUR/USD Pulls Back Ahead of December High FOREX.com US Russia adds Nigeria, Tunisia, and Ethiopia in currency trading list Business Insider Africa Integral Provides FX Trading Tech to Access Bank in African Push Finance Magnates Stock market today: Asia shares trade mixed as investors weigh impact of US-China tariffs FOX 31 Denver What is Forex? FXCM How Currency Trading Works Investopedia Exclusive: MetaTrader Fee Bill Arrives with a 25% Increase Finance Magnates EUR/USD Analysis Today 05/02: Recovery Stalls (Chart) DailyForex.com Is the Iraqi Dinar a Wise Investment? Investopedia Exclusive: Trump's meme coin made nearly $100 million in trading fees, as small traders lost money Reuters VFTradings Review 2025 Investing.com Research: 2024 Overall Situation and Regulatory Trends of Virtual Currency Crimes in China ChainCatcher Most used currencies SWIFT 2024 Statista Stocks rapidly cut steep earlier losses as Trump pauses Mexico tariffs, Dow down just 150 points: Live updates NBC Connecticut Gold Analysis Today 05/02: Reaching All-Time High (Chart) DailyForex.com 6 Most Popular Currencies for Trading Investopedia FxSpotStream Reports Near-Record Trading Volume in Early 2025 Finance Magnates USD/MXN Forecast Today 05/02: Stable (Video) DailyForex.com Aussie, New Zealand dollars get respite ahead of China's reopen The Economic Times BTC/USD Forecast Today 05/02: Holds Near $100K (Chart) DailyForex.com 3 Reasons the Mexican Peso Is So Liquid Investopedia Forex Trading: Comprehensive Guide for Beginners and Experts Business Insider Forex Trading for Beginners NerdWallet AUD/USD Forex Signal Today 05/02: Continues to Rally (Video) DailyForex.com MT5 Brokers Gain Access to STICPAY’s E-Wallet and Payment Services Finance Magnates Currency Pairs: What They Are and How They Work Investopedia USD/CAD Forecast Today 05/02: USD Falls Against CAD (Video) DailyForex.com EUR/USD, USD/JPY, U.S. Dollar Price Action Setups FOREX.com US EUR/USD Forecast Today 05/02: Relief Rally (Video) DailyForex.com What is Forex? FXCM GBP/USD Forecast Today 05/02: Look for Higher Levels (Video) DailyForex.com Research: Overall situation and regulation trends of virtual currency crimes in China in 2024 Binance Top 5 Books for Beginner Forex Traders Investopedia Russia expands its currency trading list to 40 countries, adding Nigeria, Tunisia and Ethiopia The North Africa Post 8 Forex Trading Tips Investopedia How Leverage Works in the Forex Market Investopedia When Foreign Exchange Intervention Can Best Help Countries Navigate Shocks International Monetary Fund BYD resorts to forex trading strategy to counter yuan’s volatility South China Morning Post 5 Forex Careers for Financial Professionals Investopedia EUR/USD Analysis Today 04/02: Further Losses Expected -Chart DailyForex.com Forex Trading Online | Forex Currency Trading CMC Markets How to Trade Forex on News Releases Investopedia Forex Currency Pairs FXCM 15 Banks and Credit Unions That Exchange Foreign Currencies Business Insider GBP/USD Forex Signal Today 03/02: Drops Amid Tariffs (Chart) DailyForex.com Euro: forex turnover 2001-2022 Statista EUR/USD Analysis Today 03/02: Renewed USD Strength (Chart) DailyForex.com Dollar Dominance in the International Reserve System: An Update International Monetary Fund What Is the USD/JPY Currency Pair? Investopedia Best Forex Brokers: Top Choices For Currency Trading Bankrate.com What Is an ECN Broker? Investopedia Russia adds Tunisia to currency trading list African Manager EN Kickstart the FX trading day for Jan 29, w/ a technical look at the 3 major currency pairs ForexLive
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