Another article on forex foreign exchange rates

The Benefits Of Forex Trading Directory To Visitors

You probably might have known that web directories are the places that you can find various types of information. Are they different from searching for information from search engines? "Yes" could be the best answer to this question. As search engines provide internet users information and details that they are looking for, web directories do just the same thing. There are many kinds of web directories such as animal, education, forex, and sports. There comes the next question, "Then how different are they?" A good explanation is that search engines can help you find so many types of things, but web directories can do better if you need some specific groups of data as they can provide you more specific information on what you are looking for at a time.

For instance, if you are searching for some details about currency trading or forex, what search engines would give to you may be just a very long list of plenty of websites, which in reality; they should be very useful to you. Conversely, there are many times when what you get from search engines are just thousands or millions of websites that actually have nothing to do with currency exchange. They just probably contain the word ?Currency Trading? in their pages, and a lot of them do not satisfy your main purpose of searching. All they do may be just providing services to their customers, trying to sell their products, or even just mentioning about the trading. When you get lost in those kinds of websites, which are really useless to you, it means that you are wasting your time hitting the "back? button on your browser and clicking on the next links from the result of searching over and over again trying to find what you really need. You will have to waste more time screening out those useless websites which give you nothing but a lot of advertisement.

To find such websites you really want is like you are finding a diamond among million pieces of glass. If you get lucky, you would find a website that you are really looking for using only a short period of time. That would be good for you, but in reality, it does not come to you every time. People are not getting lucky all the time. Therefore, what you need is some web directories, which are Forex in this case, providing you groups of specific details. Therefore, web directories could replace the disadvantages from searching such information from search engines. Because web directories provide specific information in various categories, you can choose what to search for more easily.

What is Forex anyway? It is short for foreign exchange. Forex directory enables to give you deeper information whether they are foreign exchange, currency trading, or even brokerage. When you need to find further forex details, why would you not go to someone who is an expert on it? Forex directory is like an expert this field. It contains many and useful links and details regarding this kind of thing categorized in sets of proper categories. You will not waste time viewing any website you are not really looking for anymore. It is like a one-stop place for forex

About the Author:

David Spring is an online entrepreneur. Please visit www.forexwebdirectory.com to find more about forex.

Forex Currency Trading - The Basics

Forex is the name given to the foreign exchange market, where international currencies are bought and sold. Due to the development of free exchange rates, the market began in the 1970s and has become the world's largest financial market with a daily turnover of US$1.9 trillion. To put that into perspective, that's over thirty times the daily turnover of the rest of the US equity markets combined.

Unlike normal stock markets which are traded on exchanges that are located in a specific place, Forex currency exchange takes place via an Over The Counter (OTC) or interbank market. This means that transactions are conducted electronically between brokers.

Thanks to this and global time zones, Forex is a genuine 24 hour financial market. The day begins in Australia and moves around the globe as each of the leading financial markets open in Tokyo, London and New York. So it's always possible to find someone who is willing to buy or sell international currencies. This gives investors the chance to respond to price changes caused by a variety of economic, social and political events at any time of the day or night.

There are two main reasons for trading currency on Forex. Approximately 5% of Forex trades are undertaken by multinational companies and governments who buy or sell products and services in a foreign country and have to convert their profits into their domestic currency. Forex allows them to hedge (or protect) their profits so that in the even of a dramatic currency fluctuation, their profits won't be reduced.

However, the other 95% of Forex activity is due to people or organizations trading for short term profit. Forex allows you to trade virtually any currency, although in practice most activity (85% of total turnover) relates to the major currencies which include the US Dollar, the Euro, the Japanese Yen, the Swiss Franc, the British Pound, the Australian Dollar and the Canadian Dollar.

Trading on the Forex exchange involves simultaneously buying one currency and selling another. For example, if you buy USD/EUR, that means you buy the US Dollar and sell an equivalent value of the Euro. Closing you position involves buying the Euro and selling the US Dollar.

The price of all currencies traded on Forex are influenced by the laws of supply and demand. If the demand for a currency outstrips the supply, the price rises. Alternatively, if supply is greater than demand, the price of a currency will fall.

Forex trading has a number of significant advantages that make it an extremely attractive form of speculation.

First, due to its size and lack of exchange controls, it's almost impossible for any person or organization (including central banks and governments) to significantly influence prices for an extended period of time. This means that you can enter the market secure in the knowledge that your investment is competing on a level playing field with every other investor around the world.

Second, due to the vast size of the market, the liquidity is excellent. So unlike the position with many stocks and shares where you might find it hard to sell certain investments, you can open and close Forex trades almost instantly as there are always scores of international buyers and sellers.

Third, it's relatively easy and cheap to get started trading Forex. All you need is an internet connection, a broker and perhaps $500 - $1000 to open a trading account. Once you've got these things you can trade 24 hours a day from Sunday afternoon through to Friday evening. And thanks to the availability of information on the internet it's possible to find all the data that you need for the purposes of analysis and decision making.

Fourth, it's possible to make substantial short term gains with relatively little capital thanks to the number of daily fluctuations in currency prices and the ability to leverage your capital (often up to 100 times) thanks to margin trading.

However, due to rapid fluctuation of currency prices and marginal trading, Forex trading carries significant risks, so caution must be required when deciding which trades to make.

When it comes to decision making, there are two basic Forex trading strategies, technical analysis and fundamental analysis.

Technical analysis relys upon using price charts, trend lines, support/resistance levels, highest price, lowest price, transaction volumes and various other mathematical formulae to identify trading opportunities. This is based upon the belief that everything that may influence the price of a currency has been considered by the market and factored into the current price.

Crucially, technical analysts don't try to defeat the market. The are content to predict short term, minor fluctuations using patterns from the recent past and the belief that history will repeat itself. The main disadvantage of the method is that all the results are purely historic and cannot always be relied upon as an accurate guide to the future.

Fundamental analysis looks at wider factors such as the national economy of the currency, the political stability, employment figures, industry figures, interest rates, tax policy and a wide range of other economic indicators. However, before basing your investment decisions on these factors alone, it's important to consider both technical analysis and the fact that market expectations can influence the price of a currency as much as reality.

About the Author:

Visit Michael Mancini's website at ForexCurrencyTradingGuide.com for everything you need to know about Forex Trading.

My Forex Discovery

My day-trading journey began after I purchased a stock trading course. I followed the course outline and traded stocks in hopes of cashing in on the roaring 90?s. When the stock market corrected in 2000, I couldn't pay the continuous marginals and consequently lost all my money, approx $200K!

About 5 years later, I was ready to jump back in the game. This time trading Foreign currencies, the biggest trading market in the world. I purchased the 4XMade Easy software (with the green and red arrows) for a heft three grand. In addition I paid a monthly live feed and demo traded for over 2 years but could never predict with any degree of accuracy the direction of the market. As a result, I ended up on the wrong side of the trade at a loss.

However, I did learn that if I could only stay in a trade long enough by going with the long-term trends, I would make money. But the big problem with following the long-term trend is: you have to have a lot of money in your account to stay in the market during the often occurring reversals.

When I found out about The Freedomrocks system I finally found what I was looking for. During my 15-day free trial period I was really surprised at the simple elegance of the system. I found that it did for me everything that I could never do before. Amazingly, the system allows me to trade without a lot of money to invest, no expensive software to buy, no live-feeds, no charts to predict, no staying up all night when the foreign markets are volatile.

Hans Savitch is an Entreprenuer who teaches investors how to trade the Forex. You can visit his website at http://www.freedomrocks.com/71139

Forex Traders - The Inside Scoop

Forex traders make up a unique group of investors who are willing to think outside of the box. They are a group of people who understand that with inherent risk comes the possibility for great reward. A person who has mastered the ability to balance that risk with wisdom and patience can make a substantial amount of money trading forex. One important key to success is having the ability to access the most current and the best forex trading information. The development of streaming data on the internet has made this access possible.

Forex traders of all skill and experience levels are discovering the value of forex trading simulators. Nearly all of the major trading platforms now offer some sort of simulator that allows the investor to become a student and place forex trades with play money. These games, while fun, provide a valuable training ground where forex traders can try out new strategies and methods. The simulators allow them to track the success or failure of the trades that they have made. Even more important than the successful trades that they make in the simulator are the failures. This is a place where new forex traders can learn from their mistakes without suffering personal financial loss.

One of the most exciting features of an online forex trading platform is the freedom that it gives a forex trader to work ahead of time. Through automated forex trading, an investor has the ability to set up forex trades in advance by naming his/her price. The trading platform keeps track of current quotes, and when the quote reaches the price that the trader has predetermined the trade is made automatically. This feature allows forex traders who work other jobs to be active in the market on a daily basis.

Day trading forex is becoming more popular and it would not be possible without the information that streams over most online forex trading platforms. While it is fascinating to step back and see how much the world of financial investing has changed because of increasingly reliable information technology, it is even more interesting to stop and think about what new developments are on the horizon, some of which forex traders may not have even yet considered.

For more information on forex trading, please visit http://www.forextradingexplained.co.uk

Why I Like forex charting

Forex Trading: Good Opportunity Or Scam?

Until recently, the forex market or foregn currency exchange market wasn't for the average trader or individual speculator. With the large minimum transaction sizes and often-stringent financial requirements, banks, hedge funds, major currency dealers and the occasional high net-worth individual speculator were the principal participants. These large traders were able to take advantage of the many benefits offered by the forex market vs. other markets, including the fantastic liquidity and strong trending nature of the world's primary currency exchange rates.

Fortunately, thanks to new legislation written in the late 1990?s, forex brokerages have opened up to the general public and offer trading opportunities for anyone who has an interest in trading currencies for profit. In fact, many brokers allow traders to open and trade currency with as little as $250 dollars in an account.

Regrettably, all of these new currency trading opportunities have created a lot of hype around the forex. Some of this hype includes magic trading formulas, ?easy? indicators and expert trend predictors. There are now countless currency brokerages enticing potential traders to open accounts and start trading today. Many people have started to get the feeling that trading currency is more of a scam then anything else. We strongly disagree with this notion and are certain that the forex market has much to offer investors. However, before your take you paycheck and head down to the nearest brokerage to open your forex account, may we make some important suggestions before you enter the currency market?

First, there are thousands of websites with information, terminology, trading strategies and more. We recommend researching several of them as you begin to explore the basics of what the forex is. Brokers often will offer information about the forex, but realize that they are also trying to get you to open an account. Aside from brokerage sites, there are several informational sites and a few forex education companies on the market that offer good information without the pressure of signing up for a ?live? trading account.

Second, read some books. Most of the professional forex traders operate using a combination of Japanese candlestick charts and other complex indicators to determine the direction of a particular currency pair. Find books about technical analysis trading, candlestick charts and other methodological indicators. Remember that when you are buying currency it is like buying a stock in a nation or country. Learn about different countries economic announcements, interest reports, and job indicators. These are highly relevant factors that help indicate a currencies direction.

At this point, it may be time for you to open a demo account with the broker of your choice. This will help you get familiar with trading platforms and basic charts. Practice making some ?demo trades?. Even after doing some basic homework you will find that you fell like you areflying by the seat of your pants? during your trades. At this humbling point in your new forex trading career you realize its time to take a forex training course.

There are many forex training courses on the market today. They come in many forms including seminars, home study courses, interactive online courses, and class room education. Fxcenter.com, one such forex training course has found that the best education courses use all of these methods in their training regime. They feel that a program should include a minimum of 20 hours of home study to teach the basic principles of forex trading. Next a student would need to observe the market in action, without necessarily making trades. To do this, an interactive online class is necessary to help you tie in all the information and begin to apply it to live market conditions. Onsite classes then further reiterate the fundamentals of trading forex and help the student discover a trading strategy that fits his or her personality, financial status and risk tolerance. Finally, working with a highly skilled forex mentor, again during live market sessions, is critical to help the student understand the psychological part of trading. These mentors would also help students create an advanced trading system and analyze the market minute by minute.

Most successful traders have spent years developing good trading habits and learning the hard way how to take advantage of currency volatility. We strongly recommend you follow these steps as you begin to investigate investment opportunities in the forex market.

About the Author:

For more information on forex training and how you can get ahead into todays market please visit our site. Get some forex education and take your skills to the next level!

What Is Online FOREX Currency Trading?

For the past 10 years, currency trading has grown dramatically. This has resulted in many companies setting up online currency trading operations. Forex, also known as the "Foreign Exchange" is used by all these companies. They offer all their customers a secure and safe place to conduct online currency trades.

When you wish to trade in the Forex market, you will have numerous companies to select from. All of them will supply you with various resources and tools. Almost all of them will provide you with real time market prices. They receive this information from the multi-sources inter-bank prices feed of the Forex. As a result, you will be able to make better trading decisions from the timely and accurate information. Unlike other markets, you will not find any re-quotes or time-delays which are frequently apparent in other markets. With these timely information on market prices, you can then use the Internet to trade directly.

Your trades are executed almost immediately when you participate in the Forex online currency trading. In fact, the currency trades are done in a fraction of a second on average. The transactions are executed at a very high speed.

When you are buying or selling in the Forex market, you?ll have 15 unique currencies available for you to trade in. This will provide you with many different options which you can subsequently formulate for many different potential strategies. Since the Forex is accessible to the public since 1995, we are looking at a relatively young market. But as it ages, it is very probable that the number of available currencies will continue to grow. With the available options expanding, you can also expect the number of people trading in this market to expand making it easier for you to execute a trade.

You should make sure that you are well equipped if you want to trade in Forex. It is important to deal with companies that will provide you with the right tools and resources. You should find Forex companies with the ability to provide you with timely news and the latest updates on the currency situation so that you will be properly informed and be aware of what is happening currently. You must research adequately into what online currency trading is all about especially if you are new to online currency trading. Once you are equipped with the right knowledge, you can then enter into the world of online currency trading with confidence, knowing that the Forex market is your number one option to earning a good profit on your investment.

Need more information? Please visit my Forex Trading Guide for more articles.

The Best Informaiton on automated forex trading

Should You Invest In The Forex Market Or In Stocks?

Stocks, or shares as they are more commonly called in the United Kingdom, have been the backbone of many investments for hundreds of years and often form the underlying investment in many traditional forms of savings plan, such as life insurance policies set up not only to provide life cover but also to produce a return on maturity.

Companies typically issue stock when they wish to raise capital and purchase of this stock represents a partial ownership in the company. In return many companies will often issue a share of their profits to stockholders in the form of an annual, or sometimes biannual, dividend payment. In addition, if the company does well the value of its stock will increase and stockholders may then profit from the sale of their stock.

Stocks are traded on a number of stock exchanges through brokers including the London Stock Exchange (LSE), the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ). There are also a number of other major stock exchanges around the world. In most cases stocks will be listed with one particular exchange, but larger international companies may well list their stock on several different exchanges.

Traditionally stocks have been seen as long-term investments and purchasers have normally been looking at buying stock to hold for periods of five years or more. Many stocks, often referred to as "blue chip" stocks, are issued by companies with long and proven track records and traditionally form the core of many investment portfolios.

Short-term trading in stocks is a relatively new phenomenon and has been made possible to a large extent with the arrival of Internet trading. Here day traders try to take advantage of often large daily movements in the market by buying and selling many times in a single trading period. This is however a fairly risky business and any profits made can quickly be reduced by broker commissions which are charged on every transaction.

The Forex, or foreign exchange, market is quite different from the stock exchange. The Forex market is principally a short-term market with most traders entering and exiting deals within a single day and, sometimes, within as little as a few minutes. Forex trades are also "commission free" which means that a large number of trades can be made without running up a large brokerage bill. In the Forex market brokers earn their money by setting a spread in the price for buying and selling, known as the asking and selling prices.

The Forex handles transactions worth $1.9 trillion every day is the largest financial market in the world. To really appreciate the size of this market you have only to compare it to all of the American stock exchanges which, combined, handle daily transactions worth about $100 billion. The huge volume Forex trading also means that it is one of the most liquid markets in the world and that there is almost always a buyer and seller for any currency as the world economy is based very largely on the movement of goods from one country to another. The stock market by contrast is far less liquid and many stockholders choose to hold their investments for considerable periods of time.

Unlike the stock markets, The Forex market has no central location and trading markets are located throughout the world. Also, because of differences in time as we move across time-zones, trades can be made 24 hours a day, 5 days a week. Trading begins in Sydney, Australia on Monday morning (Sunday afternoon New York time) and continues non-stop until Friday afternoon New York time.

Stock exchanges offer far more limited trading hours and, while it is theoretically possible to trade on stock markets in Japan while the American markets are closed, many stocks are only listed on specific exchanges and cannot be traded elsewhere. Most stock exchanges are open from Monday through Friday, typically for a period of seven hours each day.

The Forex market tends to be more predictable than stock markets and often follows fairly well established trends. It also allows traders to take advantage of leverage which is typically as high as 100 to 1 (against 2 to 1 found on most stock markets) which means that investors can participate in Forex trading with a minimal investment. Indeed many brokerages today offer mini Forex account which can be opened with as little as $250.

For more information about mini forex online trading accounts or to learn forex trading online please visit ForexOnlineTradingSystem.info