Foreign Exchange Trading is the buying and selling of different currencies. Better known as FOREX, it is a fast paced but highly lucrative process. To make a decent head start in the industry, it is best to remember a few important factors.
In Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can be long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the U.S. Dollar. Foreign exchange services provide an opportunity for clients to trade FX. Foreign Exchange Trading is done on the foreign exchange market.
Each currency in the FOREX trading industry is assigned a three-letter code. Because many countries use currencies with the same name (e.g. the dollar or peso), it is extremely important that traders are familiar with these codes.
Where an exact same currency is used in various countries, then the code remains the same. For example, the Euro is used across much of the European Union, so the same code (EUR) would be used for France, Germany, etc.
Other examples of three-letter codes include the US dollar, which is assigned (USD), the Australian dollar (AUD), the Chinese Yuan Renminbi (CNY), the Chilean peso (CLP), and so forth.
Just as with any trade industry, the main purpose is to make a profit, by buying low and selling high. Thus, in FOREX trading, one must always find the opportunity to buy one currency low, and sell the other high.
Traders must also be aware of trading hours and which markets across the globe are open or closed. For example, due to time differences, the market in London would be open or closed at different times to that in Tokyo. While Frankfurt, London and New York open at 2:00am, 3:00am and 4:00am respectively, Sydney and Tokyo do not open until 4:00pm and 7:00pm, on Eastern Standard Time.
Forex stock exchange
Forex signals are very important in Forex trading. They help the individual Forex investor in his decision. They let him know what is going on in the Forex market without the necessity to continuously keep an eye on the trade market. So that such Forex signals are very reliable and dependable.
There are many companies that provide services on Forex signals. Picking out the best among them may be hard, especially for those who are new in the forex signals. one can do this by checking the results of the forex signals that it has provided.
However there are many different and reliable ways by which the Forex signals may be delivered to the customers. Such as email alerts, pop-up pages in the computer, instant messages in chat, and messages in mobile phones or any other way that suits the customr habit and interest.
For more information about forex see the links...............
There are many companies that provide services on Forex signals. Picking out the best among them may be hard, especially for those who are new in the forex signals. one can do this by checking the results of the forex signals that it has provided.
However there are many different and reliable ways by which the Forex signals may be delivered to the customers. Such as email alerts, pop-up pages in the computer, instant messages in chat, and messages in mobile phones or any other way that suits the customr habit and interest.
For more information about forex see the links...............
Turkey Stock Exchange
The markets were down in the first hour with over 100 points on the Dow30 but after some favorable “economic reports suggesting that the economy may be approaching a bottom,” the Dow reversed by 250 points in the following 2 hours. We are also in a new quarter for the calendar year and mutual fund managers typically buy more aggressively the first few days of the quarter to make their performance figures look better. We are getting more and more positive economic news not that the economy is
London Stock Exchange
Some of the very best forex trading tools are not advanced models or software, but rather simple standard indicators that you can draw automatically on your charts. These standard indicators have been used for years, simply because they work. Two of the best tools for trading Forex are the moving average indicators and momentum based indicators. They may seem basic and remind you of high school math, but they work and in the long run they can prove very profitable.
Before you sign up for a forex broker, make sure that they have the option to draw moving average indicators automatically (standard, exponential, weighted). Most brokers should offer this. I personally trade with Ava FX and they have very easy and intuitive charting. It should be easy to turn moving average on and off on the charts.
Moving averages have been around for decades and are used for many things besides trading Forex. The most commonly used moving average indicator is the simple one. Moving averages are used to ‘smooth’ the price lines, which lets you spot trends easier. Trend idenfication is the most important skill for a trade to have. You want to know which direction the trend is headed before you place a trade.
Dubai Forex Crisis
U.S. Dollar Trading (USD) with the US away the market was expecting a quiet day but as Nikkei losses extended into the afternoon and the focus switched to a new crisis emerging in the middle east debt market, risk was taken off the table. European Stocks were down over 3%. Looking ahead, Thanks Giving Holidays continue in the US.
The Euro (EUR) gave up most of the gains from the topside breakout the day before as risk aversion went through the roof. The unspecified nature of the current crisis is leading to a lot of volatility with many investors searching for clarification of banks exposure to Dubai Debt. Overall the EUR/USD traded with a low of 1.4935 and a high of 1.5141 before closing at 1.5015. Looking ahead, November Economic Sentiment forecast at 88 vs. 86.2 previously.
The Japanese Yen (JPY) broke below year lows at 87.10 to trade at fresh 14 year lows near 86.30. AUD/JPY broke lower to trade below the key 80.00 level. BOJ Minutes were upbeat but extra help for corporations were left intact for a little bit longer. Overall the USDJPY traded with a low of 86.30 and a high of 87.50 before closing the day around 86.50 in the New York session. UPDATE October Unemployment Rate at 5.1% vs. 5.4% forecast.
The Sterling (GBP) was sold aggressively throughout the day from 1.6700 down to 1.6500 as the UK banks exposure to Dubai debt hurt FSTE stocks down 3.2%. November CBI Distributive trades were at 13 as forecast. GBP/JPY fell over 300 sen. Overall the GBP/USD traded with a low of 1.6475 and a high of 1.6729 before closing the day at 1.6530 in the New York session.
The Australian Dollar (AUD) sentiment reversed completely from the start of Asia as stock losses mounted and Oil and Metals pulled lower throughout Europe. AUD/JPY led the way lower through 80 Yen but AUD/NZD continued to be supported above 1.2700. Q3 Capex at -3.9% vs. +1% forecast. Overall the AUD/USD traded with a low of 0.9090 and a high of 0.9300 before closing the US session at 0.9140.
Oil & Gold (XAU) was mixed but supported on dips as strong USD was bought on dips. Overall trading with a low of USD$1180 and high of USD$1195 before ending the New York session at USD$1192 an ounce. Was sold as sentiment soured dramatically. Crude Oil was down -$2.00 ending the New York session at $75.95.
TECHNICAL COMMENTARY
The Euro (EUR) gave up most of the gains from the topside breakout the day before as risk aversion went through the roof. The unspecified nature of the current crisis is leading to a lot of volatility with many investors searching for clarification of banks exposure to Dubai Debt. Overall the EUR/USD traded with a low of 1.4935 and a high of 1.5141 before closing at 1.5015. Looking ahead, November Economic Sentiment forecast at 88 vs. 86.2 previously.
The Japanese Yen (JPY) broke below year lows at 87.10 to trade at fresh 14 year lows near 86.30. AUD/JPY broke lower to trade below the key 80.00 level. BOJ Minutes were upbeat but extra help for corporations were left intact for a little bit longer. Overall the USDJPY traded with a low of 86.30 and a high of 87.50 before closing the day around 86.50 in the New York session. UPDATE October Unemployment Rate at 5.1% vs. 5.4% forecast.
The Sterling (GBP) was sold aggressively throughout the day from 1.6700 down to 1.6500 as the UK banks exposure to Dubai debt hurt FSTE stocks down 3.2%. November CBI Distributive trades were at 13 as forecast. GBP/JPY fell over 300 sen. Overall the GBP/USD traded with a low of 1.6475 and a high of 1.6729 before closing the day at 1.6530 in the New York session.
The Australian Dollar (AUD) sentiment reversed completely from the start of Asia as stock losses mounted and Oil and Metals pulled lower throughout Europe. AUD/JPY led the way lower through 80 Yen but AUD/NZD continued to be supported above 1.2700. Q3 Capex at -3.9% vs. +1% forecast. Overall the AUD/USD traded with a low of 0.9090 and a high of 0.9300 before closing the US session at 0.9140.
Oil & Gold (XAU) was mixed but supported on dips as strong USD was bought on dips. Overall trading with a low of USD$1180 and high of USD$1195 before ending the New York session at USD$1192 an ounce. Was sold as sentiment soured dramatically. Crude Oil was down -$2.00 ending the New York session at $75.95.
TECHNICAL COMMENTARY
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