Global forex trading (forex, of course, meaning the foreign exchange market) has become more and more popular in the last few decades, mostly due to the advent of the global economy. Never before has our economy been so intertwined with every other country. It is perfectly common now for people to convert large amounts of […]
A forex calendar (also called a foreign exchange calendar or an economic calendar) is one which is designed to help traders and investors learn about upcoming major economic information, such as the consumer price index, private medical insurance rates, and unemployment rates. Even government reports are included. These calendars operate on a much shorter time […]
Trend in real terms may be defined as trading in the direction of trend, thus ignoring the trading signals which are directing against the current trends. The trends would remain friendly until the traders treat them as friends and not doing anything against their will and desires.
Most of the current trends are defined by […]
Not many forex traders manage to achieve full financial independence through trading the forex markets but a small minority of people do actually manage to make money from this occupation. In fact some people have become millionaires through forex trading, so how did they achieve this feat and what qualities do they possess?
Well I think […]
The global Forex market is the largest and most liquid market in the world. One of the primary reasons for the current economic crisis is due to the lack of liquidity in the world’s marketplace. Too much money was tied up in long term investments, and the economy could not handle shortage of liquid […]
Money holds an important place in our daily life. Everybody wants to earn money. Some are capable of earning via more complicated methods whereas some are content with the traditional ways of a job. The brave ones are those who trade in the foreign exchange markets through online trading. The Forex market happens to be […]
World events have a profound effect on Forex markets. What seem to be minor events can cause currencies to rise and fall. Forex traders must stay well informed about events in several categories. Obviously the main categories would be political events and financial events and trends. News is now global and individuals have access to […]
Current economic conditions in both the US and Europe have caused a slowdown in the sale of gold by banks. Sales of gold by European banks are expected to be lower this year since banks are trying to mitigate the risks of paper assets. Banks in Asia and the Middle East are expected to become […]
Key bank to bank long term lending rates in Europe jumped to their highest since 1995 from 5.142 to 5.237 a move sure to reverberate through Interbank Forex markets. The six month rate also jumped to 5.315 from a former rate of 5.290. European rates are fixed by the European Central Bank. (Euribor) It is […]
Lehman Brothers was originally founded in 1850 by two cotton brokers in Montgomery Alabama and has since grown into one of Wall Street’s investment giants. On September 15, 2008 Lehman Brothers filed for bankruptcy protection in the largest bankruptcy filing in the history of the United States. Like many other Wall Street firms affected by […]
Since the Forex markets have no central location and conduct business using various electronic platforms investors in the UK enjoy the same opportunities as traders around the globe. Forex opportunities can be accessed from anywhere with internet service. Historically modern Forex markets came into existence with the Bretton Woods agreement which established rules for commercial […]
Forex markets are wondering if the overwhelming passage of a revised bailout bill will have any influence on the House when the projected vote takes place Friday. No matter what action the house takes it is sure to make for a wild weekend in global markets including Forex markets. The US dollar currently is higher […]
On Wednesday night the President of the United States, George W. Bush, addressed the nation concerning the proposed bailout of United States banks and tottering financial institutions. Reactions to the proposed bailouts were mixed and even some Republicans criticized the administration’s proposals. President Bush urged for the immediate passage of the bailout plan stating that […]
Most Americans believe the current financial crisis was caused by subprime mortgages and falling house prices but the root causes are much deeper. Despite the passage of a $700 billion dollar bailout bill there is a crisis of confidence in the US dollar and the US economy. Since World War Two the US has been […]
“Survival of the fittest” has no better application than in Forex trading, especially for individual traders. It’s every-man-for-himself in the markets. Either you show up with your A-game or you’re going to lose money in the markets. Those that are ‘fit’ thrive, while those that aren’t struggle to survive.
Forex trading is highly […]
The forex market is one of the largest, if not the largest market with up to two trillion dollars traded daily. Unlike stock exchanges the interbank forex market is not a centralized market. In a centralized market like the stock exchange there is a central every transaction is recorded by price and volume.
The forex market […]
Forex is one of the only free markets today where the classic principles of supply and demand are paramount. The interbank forex markets enjoyed by investors today were launched in the 1970’s with the introduction of free exchange rates. While there are many other factors that can affect the value of a given currency the […]
American International Group, Inc. was founded in 1919 in Shanghai, China by Cornelius Vander Starr. Mr. Starr was the first westerner in Shanghai to sell insurance to the Chinese. The firm was successful and expanded it’s operations to other countries in Europe, Latin America, and the Middle East. In 1962 AIG gave control of the […]
In a move reminiscent of J.P. Morgan’s attempt to salvage Wall Street in 1929, billionaire investor Warren Buffett invested five billion dollars in Goldman Sachs Group Inc. Berkshire Hathaway Inc., owned by Buffet announced it was purchasing five billion in preferred stock and indicated a future purchase of five billion in common stock. Stocks stabilized […]
In a move sure to reverberate throughout the financial world the US House of Representatives failed to pass the US bailout by a vote of 228 to 205. Stock markets reacted quickly and violently with the Dow falling 700 points. Political bickering was blamed for the defeat but several Republican legislators refused to support the […]