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The Basics Of Forex Trading




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The forex trading market is the largest trading market in the world. According to a study done in 2004, approximately two trillion dollars are traded each day in markets across the globe.

The forex trading market is very unique in several aspects, one of which is its international presence. Unlike the stock exchange, which is largely located in New York and has set hours, the foreign exchange market is open twenty four hours a day. In between the united states, European, Asian, and other markets, there is always at least one market open.

Other factors that make the forex market unique are the high liquidity of the market, the wide variety of traders and institutions involved, and the wide variety of factors which affect prices.

In the forex market, there is the ask price (the price at which currency is sold) and the bid price (the price at which the currency is bought. Usually, these prices are very close together, often about one-hundredth of a cent apart.

The United States dollar is by far the most traded currency. Approximately eighty nine percent of transactions involve the United States Dollar. Other highly traded currencies include the Euro, Yen (Japanese), Sterling (British), Franc (Swiss), and the Australian Dollar.

The forex market includes many types of traders. The largest traders are banks. Actually, about fifty-three percent of forex transactions are in between two banks. Other traders include non-bank financial institutions, other corporations, retail exchange brokers, investment firms, hedge funds, and speculators.

The forex marketing is the largest, and arguably most complex market in the world.


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Forex Trading - Google News


Watch the Price NOT the News
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One of the hardest things in Forex trading is trying to make sense of the news and fundamental analysis that many websites put out every day. The great news for you is that you don't need to worry about any of it and don't even have to bother trying to ...



AFP

India Likely Intervened In Forex Market
Wall Street Journal
The RBI doesn't say whether it intervened in the currency market and has a stated policy of intervening only to smoothen volatility. But, the RBI's recent support for the rupee, at a cost of $20 billion since September last year, looks like an effort ...
RBI keeps an eye on currency bets, intervenes to lift rupeeEconomic Times
RBI seeks forex conversion dataBusiness Standard
Indian Rupee Off Fresh 5-month Low Against U.S. DollarRTT News
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Trading Point

FOREX-Euro rallies from 4-month low versus dollar
Reuters
Currency speculators increased bets in favor of the US dollar to the highest level since at least mid-2008, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $28.52 ...
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Free FX Trading Guide Following JPMorgan Loss and Greek Woes
MarketWatch (press release)
LONDON, May 15, 2012 /PRNewswire via COMTEX/ -- How are you going to trade forex following a reported $2 billion trading loss from JPMorgan and continuing woes in Greece? Find out with our free and comprehensive guide to forex trading.

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