Search

Google

Saturday, June 2, 2007

Forex Trading

Forex Trading
Forex TradingWhat is Forex?The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day. That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location.It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies.Live Forex RatesAnother major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.Forex RatesEUR/USD 1.3435 1.3349 1.3421USD/JPY 119.40 118.76 119.04GBP/USD 1.9713 1.9602 1.9694USD/CHF 1.2285 1.2193 1.2205EUR/GBP 0.6822 0.6805 0.6815EUR/JPY 159.80 159.05 159.76AUD/USD 0.8242 0.8156 0.8233USD/CAD 1.1533 1.1494 1.1514Whether you are aware of it or not, you already play a role in the Forex market. The simple fact that you have money in your pocket makes you an investor in currency, particularly in the US Dollar. By holding US Dollars, you have elected not to hold the currencies of other nations. Your purchases of stocks, bonds or other investments, along with money deposited in your bank account, represent investments that rely heavily on the integrity of the value of their denominated currency ¨C the US Dollar. Due to the changing value of the US Dollar and the resulting fluctuations in exchange rates, your investments may change in value, affecting your overall financial status. With this in mind, it should be no surprise that many investors have taken advantage of the fluctuation in Exchange Rates, using the volatility of the Foreign Exchange market as a way to increase their capital.Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet. Discover the advantages of investing / trading at Forex Marketbanks and large international companies were able to take advantage of the huge earning potential in currency trading. These days, all you need is a bank account and an internet connection. Forex Clearing Houses are open 24 hours a day, from Sunday evening to Friday afternoon. During that time, anyone can trade anything. Simply jump on your computer and you can do it at home.200:1 LeverageHedge - open positions on the same currency pair in opposite directions without them eliminating each other and without margin increase!Minimum amount to open an mini account - just $500 USD, and standart account $2000 USDUSD and EURO Denominated Account3 points spread on EURUSD and USDJPY.No Commissions No Brokerage & No Exchange Fees! on Trading24 Hour Live, Liquid Trading MarketNo Lock Period anytime can withdraw your fund24/7 Live Customer Service.Demo Trading Account.

No comments: