FXCM Live Currency Rates

Saturday, June 13, 2009

Earn Money?


Best computer for trading in Forex?

I am planning future possibilities of trading in Forex (foreign exchange). If you are familiar with this then please give me recommendations of what would be a suitable computer system for doing this. I don’t want anything super extravagant. I just need something as basic as possible yet good enough to keep up with trading Forex.
I think I was to vague when I said computer system. I don’t mean forex software. I want information of actually desktop computers such as brand and memory.

Technical Focus : Eurjupy and Audusd !

EURJPY :Recently we posted a EURJPY in chart in which we were looking for a sizeable follow through lower for the pair on the risk aversion theme. The sell-off was alas quickly aborted as the risk aversion them came into play -note, however, that EURJPY was unable to close above the key 5-day SMA. All in all, as long as the atmosphere of fear reigns, we would expect the JPY to strongly outperform EUR. A possible retest of the 150.00 area may await here soon. Have a look at AUDJPY and NZDJPY as possible alternatives to this trade.AUDUSD :AUDUSD topped out right at the 0.764 Fibonacci, which many favor employing as a retracement level when looking for a market turnaround. As mentioned above, the relative yield curve developments are beginning to favor the USD relative to AUD. There is little technical confirmation that a new sell-off wave could develop other than the rejection of the rally at the Fibonacci level, but continued risk aversion here could continue to see more pressure on AUD with its tendency to perform poorly when equity

Risks!!!!!!!

risks involved: exchange rate risks, interest rate risks, credit risks, and country risks. Approximately 80% of all currency transactions last a period of seven days or less, while more than 40% last fewer than two days. Given the extremely short lifespan of the typical trade, technical indicators heavily influence entry, exit and order placement decisions

It is a market without a trading field !!!!!

The finance industry generally consists of two sets of systems, namely the operation market and the business network. Stock trading is carried out through stock exchanges, like the New York Stock Exchange and the Tokyo Stock Exchange, that are centralised business financial commodities - they consist of unified procedures and intermediaries such that the quoted price and transaction time are the same across various brokers. The investor can buy and sell their holdings through any broker, therefore the stock exchange is said to "consist of a trading market and trading field".

Characteristics of Foreign Exchange Markets???

In recent years, the foreign exchange market favors more and more people as it becomes a favorite for international investors, and this is strongly related to the properties of the forex market. The main characteristics of the foreign exchange market are summarized below.

Leveraged financing!!!?

Leveraged financing is the use of credit, such as a trade purchased on a margin. It is very common in forex trading, and results in being able to control $100,000 for as little as $1,000

Dollar-euro currency exchange !



This article provides an overview of the factors affecting the leading currency pair: Euro-dollar exchange, commonly expressed as EUR/USD.The euro to dollar exchange rate is the price at which the world demand for US dollars equals the world supply of euros. Regardless of geographical origin, a rise in the world demand for euros leads to an appreciation of the euro.Four factors are identified as fundamental determinants of the real euro to dollar exchange rate:.The international real interest rate differential.Relative prices in the traded and non-traded goods sectors.The real oil price.The relative fiscal position .

Circulation work !!!


Due to the different geographical position of the various financial centres, the forex market operates 24 hours each working day.
Early morning 0830 (New York time) New York market opens, 0930 Chicago market opens, 1830 Sydney opens, 1930 Tokyo opens, 2030 Hong Kong and Singapore open, before dawn 1430 Frankfurt opens, and at 1530 London market opens. The forex market therefore undergoes 24 hours of uninterrupted operation, from Monday to Friday each week.
This kind of continued operation, free from any time and spatial barrier is an ideal environment for investors. For instance, a forex trader may buy the Japanese Yen in the morning at the New York market, and in the evening if the Japanese Yen rises in the Hong Kong market, the trader can sell in the Hong Kong market. The freedom to operate in multiple markets provides an enormous number of opportunities.

Friday, June 12, 2009

Forex Vengeance!!!


It's obviously software, and not a person, but here's why the results are the same:* You don't have to exercise any judgment about trades. There's ZERO emotion. You don't have to decide when to get in or when to get out. It's all automatic.* Forex Vengeance trades for you automatically anytime you want, whenever the markets are open. The markets don't care, and the money's still real.* You can test out the results before you risk any real money at all. Try Forex Vengeance for yourself on a demo account and see if it works like I've described. You'll like the results.As crazy as it sounds that software can trade for you, and that it can give you consistent profits...that's exactly what Forex Vengeance can do. It's DOING it already. Now you can be part of it. Forex Vengeance makes trading easy. This is what you've been waiting for if you've been scared to trade Forex, or if you've tried but have lost big money. I have proof this delivers the results you want. Isn't it time you proved it for yourself by giving Forex Vengeance a try? When you visit the sales page, I want to pay laser-like attention to ONE thing...the results.

Specifics and Facts !!!

Trading TerminologyTraders often chat with one another about a variety of topics related to the forex market, giving their perspectives and discussing trading ideas and current moves on the market. While communicating with each other they often use slang to express their thoughts in a shorter form. You can read about the slang and other trading terminology in these pages.EUR/USD: Euro / US Dollar is often called Euro;USD/JPY: US Dollar / Japanese Yen is often called Dollar Yen;GBP/USD: British Pound / US Dollar is often called Cable;USD/CHF: US Dollar / Swiss Franc is often called Dollar Swiss, or Swissy;USD/CAD: US Dollar / Canadian Dollar is often called Dollar Canada, or C-Dollar;AUD/USD: Australian Dollar / US Dollar is often called Aussie Dollar;EUR/GBP: Euro / British Pound is often called Euro Sterling;EUR/JPY: Euro / Japanese Yen is often called Euro Yen;EUR/CHF: Euro / Swiss Franc is often called Euro Swiss;GBP/CHF: British Pound / Swiss Franc is often called Sterling Swiss;GBP/JPY: British Pound / Japanese Yen is often called Sterling Yen;CHF/JPY: Swiss Franc / Japanese Yen is often called Swiss Yen;NZD/USD: New Zealand Dollar / US Dollar is often called New Zealand Dollar or Kiwi

UK N EU central Banks Follow The Federal Reserve !!!

Yesterday, both the European Central Bank (ECB) and the Bank of the UK cut their benchmark interest rates to record lows. This is especially incredible in the case of the UK, whose Central Bank over 300 years old! You can see from the following chart that both Central Banks have more than made up for their respectively slow starts in easing monetary policy by effecting several dramatic rate cuts, following the example of the Federal Reserve. The baseline UK rate now stands at .5%, only slightly higher than the Federal Funds rate, and slightly lower than the 1.5% ECB rate

Euro USD Prediction !!!


USDOver the last week, the USD has fallen against most other majors, and only gained against the JPY and the CHF as carry trades have picked up the pace again. Both the ISM Manufacturing and Non-Manufaturing Indices have showed better than forecasted figures, but the ISM Prices Paid showed weaker than forecasted figures, telling us that the growth in the US i picking up a tad, while inflation pressures eases. THe housing market still shows weakening as the pending home sales dopped more than expected and more than prior figures from April. Key event is coming up today as the US June Job Report is released. As the US celebrated Independence Day on Thursday, the ADP Report - the proxy for the Nonfarm payrolls - was released Thursday and came out at 150K vs. 100K expected, adding buying interest to the US currency. Expectations to the Nonfarm figures was revised higher after the ADP report and is currently expected at 125K vs. 98K prior (revised from 97K). The Unemployment rate is expected to come out unchanged at 4.5pct. EURUSD was close to testing the prior highs from April at 1.3680 but was rejected and is currently trading around the 1.36-figure. We expect this pair the be faily range bound with a bullish tendency and see the pair testing the recent highs again within the coming 3 months.GBPMarkets had tuned in for the UK rate decision on Thursday and bought GBP ahead of the figures, making GBPUSD break the 2007 highs at 2.0133 and tested the 2.02 figure. However as the BoE raises rates 25bp as expected to 5.75 pct., GBP-crosses sold off, despite the interest-futures market have priced in two additional hikes. We are expecting GBPUSD to pick up the bullish pace again and see it in 2.03 within the next month as our current expectations are that the Fed will keep rates fixed, increasing the yield-differential in favor of the GBP.

Deposit funf to Makertivia !!!

Certain funds deposit methods listed below are not completely automated, requiring you to perform a part of the payment procedure manually. For your convenience we have provided short description and necessary payment information for such methods.WARNING: Regardless of the deposit method you choose, the originator of the funds must always match the name listed as the customer on your account. Marketiva credits the exact amount we receive, after payment processor or bank deductions, to the client's account. Marketiva is not responsible for any fees or charges for use of payment processor and bank services. Please note that you will be required to provide identification documents before withdrawing any of your funds.

RMCN Credit Services !!!

RMCN is a great company and I had wonderful results with them. RMCN is honest, affordable and very conscientious. Before I began the RMCN credit restoration program, I wasn`t even credit worthy enough to qualify for a new credit card. After having gone through the RMCN my credit score has increased a lot and now I am now able to qualify for a low interest mortgage - soon I will be finally able to buy my dream house. I would recommend RMCN services to anybody who is looking improve their credit score.

The History of the Forex Market !!!


An overview into the historical evolution of the foreign exchange marketThis article will follow the historical roots of the international currency trading from the days of the gold exchange, through the Bretton Woods Agreement, to its current setting.Prior to Bretton Woods, the gold exchange standard -- paramount between 1876 and World War I -- ruled over the international economic system. Under the gold exchange, currencies experienced a new era of stability because they were supported by the price of gold.However, the gold exchange standard had a weakness of boom-bust patterns. As a country's economy strengthened, its imports would increase until the country ran down its gold reserves, which were required to support its currency. As a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities would hit bottom, appearing attractive to other nations, who would rush in and amid a buying frenzy inject the economy with gold until it increased its money supply, driving down interest rates and restoring wealth into the economy. Such boom-bust patterns abounded throughout the gold standard until World War I temporarily discontinued trade flows and the free movement of gold.

Taking Profits !!!


So much time is spent on entering a trade. Today I want to focus on some exit strategies. This is not a full Fibonacci course, so if you don't understand the basics I suggest that you visit my website for help with those aspects.Human nature makes trading very challenging. Sometimes you want to exit a trade too quickly when it goes against you, and to cling on to a winner too long. Too often a winning trade will reverse, taking back most of your profits, or even going into a loss. On the other hand if you exit too soon, you risk missing some big profits. You may find that you're sitting on the sidelines while the market continues well beyond your exit.In this lesson I'll show you how to bank those profits before they turn against you.

Forex Risk n Management !!!


The Forex market behaves differently from other markets! The speed, volatility, and enormous size of the Forex market are unlike anything else in the financial world. Beware: the Forex market is uncontrollable - no single event, individual, or factor rules it. Enjoy trading in the perfect market! Just like any other speculative business, increased risk entails chances for a higher profit/loss.Currency markets are highly speculative and volatile in nature. Any currency can become very expensive or very cheap in relation to any or all other currencies in a matter of days, hours, or sometimes, in minutes. This unpredictable nature of the currencies is what attracts an investor to trade and invest in the currency market.But ask yourself, "How much am I ready to lose?" When you terminated, closed or exited your position, did you understand the risks and taken steps to avoid them? Let's look at some foreign exchange risk management issues that may come up in your day-to-day foreign exchange transactions.

EXCHANGE RATES !!!


Because currencies are traded in pairs and exchanged one against the other when traded, the rate at which they are exchanged is called the exchange rate. The majority of the currencies are traded against the US dollar (USD). The four next-most traded currencies are the Euro (EUR), the Japanese yen (JPY), the British pound sterling (GBP) and the Swiss franc (CHF). These five currencies make up the majority of the market and are called the major currencies or "the Majors". Some sources also include the Australian dollar (AUD) within the group of major currencies.The first currency in the exchange pair is referred to as the base currency and the second currency as the counter term or quote currency. The counter term or quote currency is thus the numerator in the ratio, and the base currency is the denominator. The value of the base currency (denominator) is always 1. Therefore, the exchange rate tells a buyer how much of the counter term or quote currency must be paid to obtain one unit of the base currency. The exchange rate also tells a seller how much is received in the counter term or quote currency when selling one unit of the base currency. For example, an exchange rate for EUR/USD of 1.2083 specifies to the buyer of euros that 1.2083 USD must be paid to obtain 1 euro.

US N JAPAN Shuold Form Forex Partnerships !!!


While continuing to deny the possibility of direct forex intervention, Japan is nonetheless desperate to halt the rise in the Yen. The primary concern of the US government, meanwhile, is not that the Dollar is becoming too valuable, but rather that it will face great difficulty in funding its economic stimulus plan. Perhaps there exists a golden opportunity to simultaneously alleviate both of these quandaries; Japan should be solicited to buy US government bonds. A large-scale purchase of US Treasury securities by the Central Bank of Japan would be tantamount to intervention, and would probably lead to a decline in the Yen, at least against the Dollar. Of course the US would benefit not only by the direct purchase of its bonds, but also by the positive signal that this would send to other institutional investors. Besides, given that China is in no position to increase its holdings of US Treasury securities, Japan represents the best candidate for partnership. The Washington Post reports:

Forex Forcasting !!!


This article provides insight into the two major methods of analysis used to forecast the behavior of the Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast tools for the Forex trader. They have the same goal - to predict a price or movement. The technician studies the effect while the fundamentalist studies the cause of market movement. Many successful traders combine a mixture of both approaches for superiorre .

Visa Credit Card Application !!!!


Today, everyone has a credit card. From teens to corporate professionals to retirees, everyone is enjoying the ease and benefit of carrying CCs. However, before applying for a credit card, there are several factors to consider when deciding what credit card is best for you.VISA credit card aplication makes it real easy for you.Believe it or not, there is a perfect credit card program out there for anyone. Which of these programs is right for you will depend on several factors, such as:* Age*Credit ranking (rating)*Spending needs (how much money you need)*Payment structures (how you will pay it back)*Special interests*Number of current credit cards*Income (how much money you make)

Thursday, June 11, 2009

The Australian Dollar !!

The Australian dollar is a commodity-based currency and is currently the sixth most traded currency in the world currency market (behind the US dollar, the euro, the yen, the British pound and the Swiss franc).It accounts for approximately 5% of the total volume of foreign exchange transactions (approximately 1.9 trillion dollars a day). Its popularity is due to the fact that there is little government intervention in the currency and a general view that Australia has a stable economy and government.

What is Forex ???

The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.