Forex Transactions And Wall Street – A Short Account
The foreign exchange market (forex, FX, or currency market) consolidates currency trading to one platform. It is the worldwide decentralized over-the-counter financial market for the trading of currencies.
Approximately 25 percent of large companies that are exposed to foreign currency fluctuations don’t do anything to hedge their risk. Larger companies however do hedge in the currency markets.
For an US based company, when the dollar is strong during their reporting period, accounting for its foreign earned revenue can result in a negative performance. That’s because foreign-currency denominated revenue will exchange for fewer dollars when converted and reflect negatively for the accounting period. Having a Wall Street Journal subscription will help find this data.
By some estimates, five to ten percent of Forex activity is the result of pure hedging activity by governments and business. The rest of trading activity is blatant speculation.
High profile players love the Forex market since they don’t get locked out due to 24 hour trading. The huge liquidity allows for easy inexpensive entry and exit points.
Since the currencies are traded 24 hours there are certain times that are more liquid than others for the various currency pairs. For instance, between the hours of 8 AM and 5 PM EST, New York Wall Street accounts for about 15% to 17% of all Forex transactions. On the other side of the globe, 10% of Forex transactions take place between Tokyo’s trading hours from 7 PM to 3 AM EST.
Making money on Forex is a matter of predicting price and using an effective exit strategy. Many systems exist that allow speculators to capture profits as certain conditions develop.
Day traders move in and out of trades several times a day capturing a portion of the profit. Large Wall Street companies employ thousands of professional traders that take advantage of daily fluctuations.
There are many financial news services to choose from. The Wall Street Journal’s reputation for acute accurate market coverage is legendary. In order to stay abreast of the constantly changing financial landscape, it pays to subscribe to the Wall Street Journal.
Starting Out in the Forex Market
So you want to learn about the Forex market, and trading internationally but you are risking your personal wealth if you jump in before knowing all about how trading takes place. Online, you will find many games and simulations while learning the methods involved in forex market trading. The forex markets include countries from around the world, where all countries involved are using different currencies, and when faced against each other are worth more or less than the original valued currencies that are being traded. The forex markets are used to build wealth in, for governments, banks, and brokers, and for many countries.
To get started in learning about forex trading, you will need to locate the forex trading software, education-learning system you want to use. As you find the games, as they are called, you will enter information about yourself, about what you are interested in learning and then you will download software to your computer. In following the ‘game’, you will learn how to make and lose money in the forex market. This type of game is going to make you more aware of what happens daily, how the markets open and close, and how different the various countries currencies really are.
You will open an online ‘account’ using the gaming system. You will then be able to read the news, find and compare markets, and you will be able to make ‘fake’ trades so you can watch your money build or be eaten away in losses. As you learn the system, using it a few times a week, you are going to be more prepared, more educated and you will be ready to use the forex trades to make money. Of course, you may still need the aid of broker or a company to make your transactions happen but you will better understand the process, what will happen, and what calls you may want to make when you read about the news, the markets, and the currencies in other countries.
The forex market is also referred to as the FX market. If you are interested in joining the millions who are making money in the forex markets, you want to ensure you are dealing with a reputable banker or company involved in forex trading. With the spur of interest in the forex markets, there are many types of companies that are popping out on the Internet appearing to be genuine forex trading companies but in reality, they are not. Forex trading can be completed through a broker, a company that deals in the funds, and from within your own country. For example, the US has many regulations and laws regarding forex trading and what companies are permitted to work with the public dealing with international trading and markets.
Forex Trading Tips – 4 Easy Ways to Trade Forex in Choppy Markets
Forex trading does not trend all the time. In fact, we will experience choppy markets or some called whipsaws markets for quite a number of times. Choppy market is where the price moves dramatically up or down and may look identical to start of a new trend in early stages. But instead of continuing the trend, the price may suddenly dive back down to your entry price or trigger your stop loss.
I believe it’s a challenge for most people trading forex, particularly those who are new to forex trading. Why is it so? The reason is they may not be able to identify what kind of market is that and may be unable to resist the temptation of false fast price movements. So how to trade forex in this kind of situation? Below are some of the forex trading tips:
1. Don’t expect a long swing plan or any sustained price movements if you are already in an open position, get some profits out when you have made some from the forex market or shift it to the breakeven price as soon as possible. This will reduce the risk of losing that position.
2. When the forex markets are choppy and you really need to trade, it is safer to trade those currency pairs which are highly correlated. Examples of highly correlated forex currency pairs are EUR/USD with USD/CHF, and EUR/GBP with GBP/CHF. This means if EUR/USD falls, USD/CHF will climb, and vice versa. It usually happens 95% of the time on hourly charts. So you should look at the support and resistance levels pertaining to EUR/USD and USD/CHF if you are to trade either one of the currency pairs, to assist you in making a decision.
3. You should refer to the calendar of economic announcements every now and then in forex trading. Sometimes a choppy market occurs when there is two or more economic data releasing at the same time or within a few hours. A particular news may trigger an up movement while the other one may trigger a down. Therefore it is a bad time to trade forex as you do not know exactly where the forex market is moving.
4. Sometimes when the forex trading market is choppy, it forms range-trading channels, which sets one up for a breakout. If there’s is no indication on which direction the market is moving, forex traders may go long when it’s at the bottom range, and short when it is at the top range. This may earn you some pips, but again, it is better to wait for price to break out from the range-trading channels so that ideally you will be able to catch the breakout trend.
Although those above can help you to counter choppy markets, I still must say that when the forex market is particularly ruthless, it is best that one simply walk away and wait for another good trading opportunity. Here is another tip for you that may help: Unless there are some fundamental reasons to drive the currency markets, such as news release etc, probably you will be looking at a market that is not trending at all.
The author, Daniel Su, is the founder of ForexTradingPower.com where you can get free premium forex trading tips and resources.
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FAP Turbo-The Money Doubling Forex Robot Reviewed
The foreign exchange (also known as “forex” or “FX”) market is the place where currencies are traded. The overall forex market is the largest, most liquid market in the world with an average traded value that exceeds $ 1.9 trillion per day and includes all of the currencies in the world.
Forex autopilot trading software offers robot-driven automatic trading of the forex market. Creators of these automatic trading systems claim that you can make easy profits with little time invested, and without having to understand complex algorithms. In this light, I will show you how to determine if a forex autopilot or robot trading system is legitimate or a scam.
First of all, any forex trading system software that guarantees easy, consistent profits is an outright scam. The forex market, like the stock market, consists of too many random factors. Anyone who therefore promises to be able to read the future like a fortune teller is clearly a liar. Forex trading is similar to gambling. But what successful forex robot systems can do, is boost the odds slightly in your favor. Then, there will be a slight probability that you will make money over the long run.
However, past success is NOT at all an indicator of success in the future for a forex autopilot trading system. Scientifically, this is because the forex market has “no memory”, therefore, the future and past are unrelated. Just because an advertisement shows you an incredible “historical track record” does not guarantee future success. This is why legitimate forex robot trading systems will have a disclaimer that there is NO guarantee of profits and also that the product is for educational purposes only.
FAPTurbo is a forex robot that hit the forex market tremendously and is causing quite a stir in the forex world by trading forex totally on auto pilot. No forex experience or technical knowledge required.
This is an honest review based on personal experience on the much talk about forex money doubling robot; The FAPTurbo and the Forex automated trading industry.
FAPTurbo is a very high-end automated trading system, often referred to as a Forex robot, with capabilities rivaling institutional grade systems. Fortunately, FAPTurbo will not cost you the millions that’s typically spent by the big industries to develop these systems because Fapturbo lets you get in on the action for pennies on the dollar compared to it’s worth.
Do Forex Robots Really Work?
Before I go any further I want to address what is probably the biggest question on the minds of most readers and that is, do automated Forex trading systems, often called trading robots, really work? The answer is 99% of the time NO!
Trading systems are VERY difficult to develop and it will NEVER get any easier. The plethora of trading systems being peddled at any given time might lead you to believe it’s either fairly easy or a complete scam. The truth is, it’s not at all easy and yes, most of the systems out there are complete scams. So what about that other 1% ?
Developing successful automated trading systems requires significant skill in not only the Forex market (mostly technical analysis), but also graduate school level calculus, statistics as well as a great deal of experience with software engineering. With the right skills it can be done. Why else would the large Wall Street firms spend tens of millions of dollars a year developing them? If you do a job search for Wall Street programmers who develop trading systems you’ll see what I’m talking about. $ 250K (bonuses included) per year is not uncommon!
Does FAP Turbo Work?
The truth is there is nothing in the market that even comes close to the performance FAPTurbo claims to delivers. The willingness to show you live updates every 15 minutes on its performance is a huge step to the credibility of skeptics. Examples of 3 real trading accounts with live proof of performance that can be viewed on the website:
*$ 370 Turning Into $ 7,300 – In 2 Short Months
*$ 2,500 Turning Into $ 8,700 – In 45 Days
*$ 5,100 Turning Into $ 25,100 – In 30 Days
Can it double your money in 30 days?
While FAP Turbo has indeed doubled accounts in as little as a month, and they’re willing to prove it, is it realistic to expect these kind of returns every single month?
Sure, it’s possible, it’s possible you could even outperform their results, but the reality is you’ll probably not see returns like this every month, even for this impressive piece of software.
But the reality is that this software performs so well that even with a fraction of this performance, add to that the compounding effect, and your account is going to grow like nothing else you can imagine.
The important point is that if you use FAP Turbo properly you will very likely make some very serious money in a relatively short period of time. The good news is you don’t need to trade real money without having tested the robot on a demo account and the support crew is marvelous.
Any trading system that is reluctant or unwilling to show live proofs of its activities is probably not as good as it claims. Worse of all, if they cannot have a money back guarantee period to try out the software risk free, then you probably should not even waste your money on such products.
FAPTurbo Live Trading Proof-Why is it important?
FAPTurbo has done something unprecedented in the retail Forex robot industry and that is to show live PROOF of its performance claims by posting live trades for a real money account to its website at regular 15 minute intervals!
Most trading systems on the market show back-tested results designed to amaze us into a purchase, but the truth about back-tests is that they are often used to deceive less knowledgeable traders into thinking a trading system is better than it actually is.
If you’re unfamiliar with back-testing, it’s basically the process of testing a trading system on historical data over some past timeframe and using it as an indicator of possible future performance. While back-testing is a very powerful tool and helps significantly in the creation and testing of trading systems, it’s also a fairly complex procedure that has limitations.
The problem is that back-testing is a far more complicated issue than most people understand and as a result many unscrupulous system vendors have taken advantage of this lack of understanding to manipulate the perceived performance of their trading systems for marketing purposes. The result is that back-tested results on their own simply should not be trusted when read on a sales letter from a system vendor. Period.
The key lesson here is that testing a system on past data does not always tell you how well it will perform on future data which is why it’s vital to forward test your system with a real money account, just like the FAP Turbo guys are doing live on their website.
There is simply no other trading system I know of that is willing to stand behind their claims like FAPTurbo is doing and it’s probably one of the reasons why FAPTurbo has become one of the biggest selling Forex robots in history.
Before buying FAPTurbo or any other forex robot, it is important to know its potential by reading about it and analyzing objectively its claims. There must be a 100% money back guarantee which is good for atleast 8 weeks, More than enough time to decide for yourself with absolutely no risk whether the product is your money’s worth. To read more about Fapturbo, check out the website.
Forex Trades – Raging Phoenix That Makes You Potential Money In A Very Quick Span Of Time
Forex trades are indeed one of most popular as well as most rewarding careers in these days. It is a specific career where you can enjoy enough freedom as well as professional success at one go. Money is not a constraint if you make it sure that you are tactical as well as speculative enough in your outlook. You need to work little extra shifts if you have to earn your coveted niche in this challenging arena. Take a very intent look at the requirements that you need to fulfill.
Keep an eye on the streaming news
You bet that watching news sources will be profitable for you. Always make it sure that you are properly following the footsteps of industry leaders. It is going to be a great strategy for you.
Get an erudite Online Forex broker
You need an online broker to take care of your investment issues. It is possible for a seasoned online broker only to guide you
in making bidding price
in deciding on asking price
in the issues related to margin trading
in working on SLL or stop loss level
in making pips
The advantage of Forex platform
These are high precision platforms which will ensure supportive environment for you. You can make use of the platform to enjoy institution level facilities, streamlined bidding facilities, superb spreads as well as other features.
Understand the basics of currency trading
If you are at the bandwagon of FX market you have to make it sure that you have done everything possible to grab wider industry exposure. With a perfect knowledge of how currency exchanges works you can make the most out of your investments. After you have made your entry into the FX market it is better for you to closely watch the activities of currency pairs. You need to have a clear concept about GBP/ USD, USD/ AUD, EUR/ USD, CAD/ USD as well as other options.
These are potential hubs where you can make a good amount of earning. As a matter of fact, these commodities have a highly growing demand in the market. You can choose oil trades, silver trades as well as gold trades. Along with many other lucrative features you are also going to grab competitive margins as well as spreads.
Sharpen up your tax strategies
It will be an effective act on your part. It is an integral part of FX trading. In case you are a newbie in this field make it sure that you read a good amount of material on tax related issues. It will help you out to formulate specific strategies to deal with the taxation part.
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Know About the Top 5 Forex Trading Brokers Helping You To Make Money
It is forex trading where you make money and lose money within a matter of few seconds. In fact, forex trading refers to the most highly volatile market where traders require to be informed with the most up-to-dated information and the most advanced tools to guarantee that they always enjoy a triumphant streak in this industry.
The most ideal way to go about making profits in the forex trading market will be to employ the services of a trustworthy online forex broker. In fact, automated trading tools prove to be of immense help in offering you with data, real time information in order to assist you to make some greater profits. Let’s take a close look at the top 5 Forex brokers available online.
The first in the list of top 5 forex brokers will be Easy Forex. This web forex broker has attained the maximum rating in the most recent times as it offer subscribers with a whole range of tools including news, financial calendar, charts, SMS alert service, trade controller, limit controller, currency rate matrix, daily outlook etc.
At Easy Forex, you can also establish your demo account before you finally choose to subscribe to the service in order to find out whether the system is to your preference or liking. Minimum deposit of about $ 100 is needed to begin trading and this automated broker provides 3 pips as a spread for the major pairs. You can also select from more than hundred different pairs of the international currencies to trade.
The next name in the list of the top five forex trading brokers will be no other than the Forex Yard. A demo account can be established with this broker online before making a minimum deposit of $ 100 to begin trading. Various innovative tools like interest rates table, charts, news, daily outlook is offered. However, trade controller and inside viewer is not offered by the Forex Yard and is available with the Easy Forex.
Forex Yard even organizes and offers training programs for free. Using this broker, you can even trade in oil and gold and reap rich dividends. The service is available 27/4. You can reach them at a toll free number. There are also available on live chat.
Following next is Etoro which is another best online Forex trading broker and provides the same tools as the above 2 except the inside viewer, interest rates table and the table controller. You only need to make a minimum deposit of about 50 dollars to begin an account here. Unlike the other two brokers online, this one needs to be downloaded in order to get started instead of going online. The customer service is good and you can even use online banking, credit card and wire transfer to make the payments.
FxCast is a Forex trading broker online which provides round the clock customer service in many different languages. The minimum deposit to open an account is found to be incredibly low at $ 10. You can make use of online banking or wire transfer to receive or make payments. Periodic training programs are also available to assist you to keep yourself abreast with all the essential information related to the Forex market.
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eToro: At the Forefront of the Forex Revolution
Since its establishment, the forex market had been a highly specialized trading ground for speculators with formal training and many years of bitter experience. And even as electronic and online trading took the place of traditional offline trading, the lack of accessibility to the forex market remained. Most people were still frightened by overcomplicated graphs and charts and by foreign industry lingo. This hesitance leads to the isolation of the forex trading market from the wide public.
The founders of the eToro trading platform have obviously noticed that the forex market has significant advantages for the amateur trader in comparison to other financial markets. The forex market is less complicated because it revolves around 8 main trading instruments. The forex market operates 24 hours a day, with the exception of weekends, which means that traders can react to trends and news as they happen without waiting for the bell to ring. The forex market offers a greater range of leverages meaning that a forex trader does not have to invest huge amounts of capital in the market, since it is customary for forex dealers to offer leverages as high as 1:400.
The founders of eToro also understood that the obstacles preventing most people from becoming full fledged forex traders are really an illusion. With this in mind, eToro have developed a unique and cutting edge software that implements a simplified approach to forex together with superb trade execution. The eToro platform provides traders with the option to view various creative visualizations of their, for example, watching their currency of race against others in a forex marathon and others. The general principles of forex are all present in the visualization, except that instead of monitoring a dry factual chart the traders see the progress of their trade in an engaging graphic manner. This way the traders gain experience and absorb the principles of forex trading without having to actually study forex.
So much for novice traders, but eToro have also realized that seasoned and professional traders also have trouble finding a comfortable platform and the right trading conditions for them. To resolve their distress eToro have designed a trading interface that combines all the trading an analysis tools a seasoned trader can utilize in one user friendly screen. In the same screen traders can easily edit their trading orders, view charts of currency pairs and of their own trades, catch up on forex news and plan ahead with a download forex event calendar. Furthermore, eToro also provides a “one click trading” mode in which traders can open trades by literally clicking one button. eToro also provides excellent trading conditions such as leverages ranging from 1:10 to1:400, lowest initial margin requirements of $ 50 only, and low spreads of only 2 pips on most major pairs.
eToro also keeps up with the internet’s community based approach and therefore provides its traders with web 2.0 style community tools. In eToro’s community panel traders can head on to public and private chat rooms to discuss their trading activities, and participate in free to enter trading challenges. In addition, eToro’s community provides traders with one more essential tool – the Top Traders’ Insight. This tool shows a live updated list of the 10 most popular currency pairs as traded by eToro’s 100 most profitable traders. What this means is traders can simply peek at what the pros are doing instead of bothering with their own analysis.
Most importantly, eToro is committed to progress. eToro have already released 4 versions of their platform each time adding more useful tools and refining their inventive yet simple trading approach. This commitment ensures that eToro will remain at the forefront of the forex revolution for a very long time to come.
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The Best Way to Learn About Forex Currency Trading
What is the best way to learn about Forex currency trading? Is there a single source for you to just look up, like a library’s definitions of what to do or not do when it comes to the Forex market? Diving in head first is usually not a good idea when it comes to one of the most dynamic and volatile markets out there. Currencies can go up and down and where the money is placed is based on the health of the market, the health of the investment framework and how structured and safe the international funds are. Your money goes all around the world and most of the time you have no idea how it is being used to strengthen the currency. But the math is simple, the more money that is being pumped into the dollar of a country, the more the country can use it to surplus its development and thus invest into infrastructure that can increase the strength of its dollar.
This way, the money trickles down back to you in the form of a stronger dollar. The discrepancies are the profits you earn. But this is just the basics of the Forex market and these are the normal outcomes you want. Hey, everyone wants to make money and Forex is the best way for you to make good, decent and even fantastic money but there are certain principles that you must learn about before you go into this full steam ahead. I think what you should do is update yourself about world events, get RSS feeds, get news GPRS fed into your hand phone, get a PDA, get BBC to email you – knowing all about world development will help you get an idea of what currency to back and which not to. I think information is the best strength you can have and when you are able to learn to apply this to the market and predict the market based on these world events, you will be all smarter to start trading in the Forex currency market.
Talk to traders and brokers and try and get some advice from them. Ask them questions that matter, like what makes the Forex market so good, what are its advantages and what are its possible disadvantages. Ask for horror stories and let them know you are completely green about the whole matter, but prudent enough to know that you have to learn a lot more before you start investing. I think researching brokerage companies and trading companies are just some of the methods that you can use (both offline and online) to invest in Forex. Learn about Forex trading software programmes, interfaces, order fills and the many trading platforms that are used widely to trade and invest in the currency exchange market
Last of all don’t rush into things and take your time. The currency market will always be around as long as the foundation of the world is based largely on capitalism and neo-liberal thinking, but the thinking you should have is smart and prepared before you jump into Forex.
Good Forex Blogs – A Wealth Of Trading Information And Advices
Forex blogs can be found aplenty out on the worldwide web, with some of them really being very good ones, while others are just are just forgettable pages that only serves as a link to another website. Despite this sad fact, anyone – especially those having an interest in Forex trading and the Forex market can still get their dose of Forex info’s, news and updates if they persevere until they find what they’ve been searching for: a good Forex Blog.
Online Forex blogs main purpose is to help impart important information that may serve to help teach anyone how to become a good Forex trader, and of how to make use of the many different available methods and strategies. One has to be discerning and careful, though, to be sure that whatever tips or advices are being posted are from reliable and legitimate Forex traders and experts who has actual first-hand experience in Forex. Be wary of those individuals who freely giving their opinions and views even without ever having done an actual real-life trading transaction in their lives or those who never had a profitable transaction in their careers.
There are several ways how to tell if a particular Forex blog of interest is one you should be giving your attention, or if it’s one that you should right away drop like a hot potato. You can spot a legitimate Forex blog by way of getting the information from the owner of the site themselves; someone who does actual Forex trader will definitely have all the right statistics in a clear and presentable form or media, displaying their past and present trades. The site should contain everything there is to know about the industry, such as: technical analysis, news, trends, important terminologies, and other related information.
Another thing to look out for in good quality blogs are the posting of real helpful information and advices that can enlighten and educate the new or average trader and equip them with a little more of something than they had before using the website. Although anyone can get a hold of some vital information that help serve to empower the trader from popular and common sources such as ebooks and magazine articles, there’s really no substitute for lessons taught based on experience.
Of course, you yourself should have at least a basic knowledge about Forex trading and the Forex market for you to know how to determine what you’re looking at or reading through is real and not just some mambo-jumbo of some scam artists, who have nothing better to do in their time and just make phony suppositions to a busy and time-pressed trader who just happens to be wanting of some useful and helpful information.
Find a Forex blog that provides you with some really good and stable info and that makes learning the market a breeze to do that’ll speed you on your merry and profitable way.
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Managed Forex Account – The Fundamentals
Before making a decision to invest in any market it is important to find out the important information about that particular market. The principal is the same with a managed Forex account as well. In order to know what you are getting yourself into you need to find out the fundamentals of what you are attempting.
The foreign-exchange market, otherwise known as the Forex bases their analysis on the same forms as in the stock market. The two types of analysis are fundamental and technical. The forex market is dependent, to an extent on news makers and much of the fluctuation is a result of technical analysis based on latest news for assumed price. The application of the fundamental analysis entails taking a look at the conditions of the economy that ultimately affect the currency of the nation.
There are major factors that play an important part in any currency that may be moved. One of the main factors is the economic indicator. The economic indicator is a report that the government or organization releases that describes the performance of the economy in detail. This is a direct measure of how healthy the economy is at that moment. There are certain times the reports become released which allow you to see an improvement or decline in the economy. There are four reports that investors look at before investing, even in a managed Forex account.
1. The GDP or gross domestic product – this is the widest measure for the economy. This is a representation of every good and service that is produced in a year for the country.
2. Sales in retail industry – measures all the receipts that is given in any one country from the retail services. This allows a person to see spending patterns and note when it is the best time to invest.
3. Production of industries – this allows you to see the change in production of any factory or utilities within the nation.
4. CPI or consumer price index – this allows you to see the changes in prices for all consumer items over a span of 200 various categories.
By now you are probably wondering how the reports are used for investors. Since the indicators allow a person to see how well or poorly the country is doing economically, it also allows the person investing to see changes in order to keep their money safe. There are other reports that someone could gather for the decision to make before investing. If you remember the following tips when you conduct an analysis, you will have a better turn out when you get a managed Forex account.
1. Keep a calendar with a list of indicators and the date they will be released on hand.
2. Watch the markets and their moves as the indicator releases.
3. Be informed of anything that captures a market’s attention. These often are reflections of price and volume changes. Such as watching inflation, this is a great indicator.
4. Pay attention to the goals and whether the expectations for the market actually are meeting the goals.
5. Watch and be patient regarding your decisions when you hear any news. Do not move too quickly, but pay attention and react after you have the complete information.
When you properly use the materials that are available to you before deciding to get a managed Forex account, you will find the resources invaluable for your trading experience.
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