Eit
« Home
Tuesday, December 9, 2008
Forex Trading For Beginners
The Foreign Exchange is proving to be an exciting area IRS tax lawyer investment for the individual investor. As opposed to the earlier scenarios involving secretive hedge funds and the fact that Forex was meant only for large financial institutions, multinational companies, or banks, today virtually anyone can add online Forex trading to their portfolios. The convenience of online trading and attractive liquidity of this largest financial market in the world makes it an interesting choice for first time investors.
If you are planning to invest in Forex, it is vitally important that you are aware of the basics of the currency trading, and know how different the Forex markets are from stock markets, futures and other investment options. There is no governing body that controls and monitors Forex trading, and there is no guarantee that you will be paid your profits; investors trade with each other on a credit agreement system. The Forex market is one of the most volatile markets, always in a state of flux, which can be a good thing if you trade at the most opportune moments. In general, all online currency trading is done via Forex brokers, who employ trading tools, analytic modes, and real time data to facilitate currency trading for you. Choosing a good Forex broker is definitely an important parameter that you will have to consider before you jump on to the Forex bandwagon.
When it comes to currency trading, all Forex transactions are done in terms of currency pairs. Currency pairs, like USD/JPY, EUR/USD, etc, are indicative of the two currencies of US dollar and the Japanese Yen, and the Euro and the US dollar respectively. Essentially, you can either buy or sell one currency in terms of the other. The Exchange Rate is the ratio of one currency in the terms of another. This expresses the value of one currency against the value of the other. The first currency in this ratio is the base currency, and the second called the quote currency or the counter currency. So in a pair of USD/JPY the US Dollar is the base currency, while the JPY is the quote currency.
Spot Forex is traded as one currency, in relation to a second currency. If a trader thinks the dollar will rise in relation to the Euro, s/he would sell the EUR/USD, which means s/he would sell the Euros in units of the US Dollars. The currency pairs are given a trade name, for example the EUR/USD is called a 'Euro', and the GBP/USD is called the 'Cable'. Investors should look at the possible rise of one currency's value against the other, so as to sell off the base currency.
To read more how to make money on autopilot, click here: www.squidoo.com/ForexautopilotForex Autopilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: www.squidoo.com/Automate-Forex-Trading-SoftwareAutomatic Forex Trading Software.
Jun 17, 2008
Jun 18, 2008
Jun 19, 2008
Jun 20, 2008
Jun 21, 2008
Jun 22, 2008
Jun 23, 2008
Jun 24, 2008
Jun 25, 2008
Jun 26, 2008
Jun 27, 2008
Jun 28, 2008
Jun 29, 2008
Jun 30, 2008
Jul 1, 2008
Jul 2, 2008
Jul 3, 2008
Jul 4, 2008
Jul 5, 2008
Jul 6, 2008
Jul 7, 2008
Jul 8, 2008
Jul 9, 2008
Jul 10, 2008
Jul 11, 2008
Jul 12, 2008
Jul 13, 2008
Jul 14, 2008
Jul 15, 2008
Jul 17, 2008
Jul 18, 2008
Jul 19, 2008
Jul 20, 2008
Jul 21, 2008
Jul 22, 2008
Jul 23, 2008
Jul 24, 2008
Jul 25, 2008
Jul 26, 2008
Aug 4, 2008
Aug 7, 2008
Aug 8, 2008
Aug 10, 2008
Aug 11, 2008
Aug 12, 2008
Aug 13, 2008
Aug 14, 2008
Aug 16, 2008
Aug 17, 2008
Aug 18, 2008
Aug 19, 2008
Aug 20, 2008
Aug 21, 2008
Aug 22, 2008
Aug 23, 2008
Aug 24, 2008
Aug 25, 2008
Aug 26, 2008
Aug 27, 2008
Aug 28, 2008
Aug 29, 2008
Aug 30, 2008
Aug 31, 2008
Sep 1, 2008
Sep 2, 2008
Sep 3, 2008
Sep 4, 2008
Sep 5, 2008
Sep 6, 2008
Sep 7, 2008
Sep 8, 2008
Sep 9, 2008
Sep 10, 2008
Sep 11, 2008
Sep 12, 2008
Sep 14, 2008
Sep 16, 2008
Sep 18, 2008
Sep 19, 2008
Sep 20, 2008
Sep 30, 2008
Oct 1, 2008
Oct 2, 2008
Oct 3, 2008
Oct 4, 2008
Oct 5, 2008
Oct 6, 2008
Oct 7, 2008
Oct 8, 2008
Oct 10, 2008
Oct 11, 2008
Oct 12, 2008
Oct 13, 2008
Oct 14, 2008
Oct 15, 2008
Oct 16, 2008
Oct 17, 2008
Oct 18, 2008
Oct 19, 2008
Oct 20, 2008
Oct 21, 2008
Oct 22, 2008
Oct 23, 2008
Oct 24, 2008
Oct 25, 2008
Oct 26, 2008
Oct 27, 2008
Oct 28, 2008
Oct 29, 2008
Oct 30, 2008
Oct 31, 2008
Nov 1, 2008
Nov 2, 2008
Nov 3, 2008
Nov 4, 2008
Nov 5, 2008
Nov 7, 2008
Nov 8, 2008
Nov 9, 2008
Nov 10, 2008
Nov 11, 2008
Nov 12, 2008
Nov 13, 2008
Nov 14, 2008
Nov 15, 2008
Nov 16, 2008
Nov 17, 2008
Nov 18, 2008
Nov 19, 2008
Nov 24, 2008
Nov 25, 2008
Nov 26, 2008
Nov 28, 2008
Nov 29, 2008
Dec 1, 2008
Dec 2, 2008
Dec 4, 2008
Dec 5, 2008
Dec 6, 2008
Dec 7, 2008
Dec 8, 2008
Dec 9, 2008
Dec 10, 2008
Dec 11, 2008
Dec 12, 2008
Dec 13, 2008
Dec 14, 2008
Dec 15, 2008
Dec 16, 2008
Dec 17, 2008
Dec 18, 2008
Dec 19, 2008
Dec 20, 2008
Dec 21, 2008
Dec 22, 2008
Dec 23, 2008
Dec 26, 2008
Dec 27, 2008
Dec 28, 2008
Dec 30, 2008
Dec 31, 2008
Jan 1, 2009
Jan 2, 2009
Jan 3, 2009
Jan 4, 2009
Jan 5, 2009
Jan 6, 2009
Jan 7, 2009
Jan 8, 2009
Jan 9, 2009
Jan 12, 2009
Jan 13, 2009
Jan 14, 2009
Jan 15, 2009
Jan 16, 2009
Jan 17, 2009
Jan 18, 2009
Jan 19, 2009
Jan 20, 2009
Jan 21, 2009
Jan 22, 2009
Jan 23, 2009
Jan 24, 2009
Jan 25, 2009
Jan 26, 2009
Jan 27, 2009
Jan 28, 2009
Jan 29, 2009
Jan 30, 2009
Feb 22, 2009
Feb 23, 2009
Feb 24, 2009
Feb 25, 2009
Feb 26, 2009
Feb 27, 2009
Feb 28, 2009
Mar 1, 2009
Mar 2, 2009
Mar 3, 2009
Mar 4, 2009
Mar 5, 2009
Mar 6, 2009
Mar 7, 2009
Mar 9, 2009
Mar 10, 2009
Mar 11, 2009
Mar 12, 2009
Mar 13, 2009
Mar 14, 2009
Mar 15, 2009
Mar 16, 2009
Mar 17, 2009
Mar 18, 2009
Mar 19, 2009
Mar 20, 2009
Mar 21, 2009
Mar 22, 2009
Mar 23, 2009
Mar 30, 2009
Mar 31, 2009
Apr 1, 2009
Apr 2, 2009
Apr 3, 2009
Apr 4, 2009
Apr 6, 2009
Apr 7, 2009
Apr 8, 2009
Apr 10, 2009
Apr 11, 2009
Apr 12, 2009
Apr 13, 2009
Apr 14, 2009
Apr 15, 2009
Apr 16, 2009
Apr 17, 2009
Apr 18, 2009
Apr 20, 2009
Apr 23, 2009
Apr 24, 2009
Apr 25, 2009
Apr 26, 2009
Apr 27, 2009
Apr 28, 2009
Apr 29, 2009
Apr 30, 2009
May 1, 2009
May 2, 2009
May 3, 2009
May 4, 2009
Powered by Blogger Templates