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Friday, April 25, 2008
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The bid/ask spread is a critical characteristic in that it is also the transaction cost for a round-turn trade. Round-turn is both a buy (or sell) trade and an offsetting sell (or Buy) trade of the same currency pair and the trade of the same size. To calculate the transaction cost the formula is
More info on Forex trading
currency exchange
Ebb and flow of capital between nations, otherwise known as Purchasing Power Parity (PPP) is the central factor that determines market momentum. In addition, fundamental economic forces such as inflation and interest rates are constantly influencing currency prices. Faith in a government�s ability to stand behind its currency will also impact currency price. This is done in two ways: controls and intervention. Controls restrict citizens from doing things, which have a negative effect on the exchange rate (such as sending money abroad). Intervention takes two forms: changing the interest rate on the currency to make it more or less attractive to foreigners, or buying/selling the currency to raise or lower its market value.
Forex Currency Trading News From Around The World
Bernanke Kills Any Chance for a Dollar Rally
Fri, 09 Nov 2007 06:41:58 GMT
Online Forex Trading
Forex Currency Trading
What Is Forex
Forex Trading System
¶ 9:56 PM 0 comments
Featured Forex Currency Trading Article
More Thoughts On Forex
cms forex
The bid/ask spread is a critical characteristic in that it is also the transaction cost for a round-turn trade. Round-turn is both a buy (or sell) trade and an offsetting sell (or Buy) trade of the same currency pair and the trade of the same size. To calculate the transaction cost the formula is
More info on Forex trading
currency exchange
Ebb and flow of capital between nations, otherwise known as Purchasing Power Parity (PPP) is the central factor that determines market momentum. In addition, fundamental economic forces such as inflation and interest rates are constantly influencing currency prices. Faith in a government�s ability to stand behind its currency will also impact currency price. This is done in two ways: controls and intervention. Controls restrict citizens from doing things, which have a negative effect on the exchange rate (such as sending money abroad). Intervention takes two forms: changing the interest rate on the currency to make it more or less attractive to foreigners, or buying/selling the currency to raise or lower its market value.
Forex Currency Trading News From Around The World
Bernanke Kills Any Chance for a Dollar Rally
Fri, 09 Nov 2007 06:41:58 GMT
- 3 Reasons for the Euro to Hit 1.
Online Forex Trading
Forex Currency Trading
What Is Forex
Forex Trading System
Labels: Forex Trading System
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Easy Forex Article Of The Month
Forex Broker: Choosing The Right Forex Broker
Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure.
1. Is it regulated?
The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.
The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.
Also when a Forex broker is regulated allows investors to dispute any resolution, increasing the investor protection.
2. Trading Conditions
This point refers to the features of the trading platform and the trading conditions with the chosen broker. Amongst the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of trades. Some brokers guarantee fast and transparent executions during normal market conditions.
Fractional trading � Some brokers allow investors and traders to trade on a fractional basis, instead of trading full lots �100,000 units� or �300,000 units�, they allow you to trade �163,345 units� or �325,911 units�. This is very helpful for trades risking certain percentage of their balance on each trade.
Safety of funds � We need to make sure our trading funds are kept in a segregated account or at least insured.
Trading platform � Easy to use and understand platform, is it reliable during fast moving markets? And what extra features it offers such as: one click buying/selling, trading directly from a chart, supports mobile devices, trailing stops, etc.)
Minimum investment � What is the minimum amount of money required to open a trading account? This aspect is very useful because before trading your full account, you need to test the waters and see how well you perform with an account with limited funds (after trading a demo account).
Margin (leverage) � What kind of leverage can be used with the chosen broker? Just to make sure our leverage requirements by our Forex strategy and methodology (leverage above 100:1 is not advisable).
Commissions � Some brokers charge commission, it is ok if they do if the spread is smaller than other brokers.
3. Diligence
Hopefully you have eliminated most brokers at this point. You should have 3 or 4 finalists. In this step do your diligences on forums, ask other traders about their experiences using their brokers, and so forth.
Some forums where you can ask for broker information are: ForexFactory, MoneyTec, ForexNews.
If brokers are registered by their local regulatory authorities, you can visit the regulator website and you will find plenty of information about Forex brokers. Some of them publish resolutions regarding Forex brokers.
Amongst the aspects you should ask and get informed are:
Customer service � This aspect is the most important of them all, are they rude to customers? Are they willingly to help customers? These are the questions you should ask in forums and fellow traders.
Slippage � Slippage is the difference between the price where the trade was executed and actual value of it. Do they honor stop loss and take profit levels? Do they guarantee it? If any one had any discrepancies, did their broker revert the result?
Manual execution � Some brokers don't like scalpers, if they catch someone doing it, they will put this trader into manual execution, so a dealer (human) must accept all transactions made by this trader. Do they do this?
Re-quotes � a re-quote happens when you click the buy/sell button and the platform doesn't accept our price, so it will give us another quote for that particular trade.
4. Testing
In this phase we should test our Forex broker, first on a demo account to see how it works, also test your system to see how it performs. If you are satisfied with the results, then try the same platform with limited funds to see how it performs on real trades. If you are satisfied again then open your full trading account with the chosen broker.
I hope this checklist help you all traders to take the right decision when choosing brokers.
Quick Forex Ideas
forex chart
Do not worry about what market will do. Just worry about what you will do when market reaches your "pain point" or "happy point". You will have an easier life as a trader that way. Forex players can operate quietly, but they cannot hide their moves in those charts.
forex trader
Forex Knowledge
Assuming one has acquired enough market knowledge and acquired one?s proven trading system. This is the second most important element of success in trading, in fact. An edge in any system is based on the quality of info one has, charts being only an info of secondary quality not the best one.
More info on Forex trading
foreign exchange program
Good morning. EUR/USD, EUR/GBP, EUR/JPY and GBP/CHF all have correlation to a certain degree affecting each other. It simply shows how the money moves around in these pairs. For daily candle studies, it is more accurate to read them all to see where the flow is going, and same for 4 hourly or hourly or even 10 minute charts. In fact, GBP/CHF and EUR/GBP in many cases move a day or two before EUR/USD. Even by watching GBP/CHF and EUR/GBP charts, short term or long-term as above, you can manage to move in front of EUR/USD moves in many cases. Same goes for GBP/JPY and EUR/JPY charts for USD/JPY moves. More study on these pairs moves will reveal some more interesting things too. Good trades.
More info on a great Forex system
Easy Forex Stories
Japan's Nikkei index climbs nearly 2%
Fri, 25 Apr 2008 04:50:56 EDT
Forex Currency Trading
Easy Forex
Forex Software | Forex Trading Systems
¶ 5:51 PM 0 comments
Easy Forex Article Of The Month
Forex Broker: Choosing The Right Forex Broker
Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure.
1. Is it regulated?
The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.
The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.
Also when a Forex broker is regulated allows investors to dispute any resolution, increasing the investor protection.
2. Trading Conditions
This point refers to the features of the trading platform and the trading conditions with the chosen broker. Amongst the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of trades. Some brokers guarantee fast and transparent executions during normal market conditions.
Fractional trading � Some brokers allow investors and traders to trade on a fractional basis, instead of trading full lots �100,000 units� or �300,000 units�, they allow you to trade �163,345 units� or �325,911 units�. This is very helpful for trades risking certain percentage of their balance on each trade.
Safety of funds � We need to make sure our trading funds are kept in a segregated account or at least insured.
Trading platform � Easy to use and understand platform, is it reliable during fast moving markets? And what extra features it offers such as: one click buying/selling, trading directly from a chart, supports mobile devices, trailing stops, etc.)
Minimum investment � What is the minimum amount of money required to open a trading account? This aspect is very useful because before trading your full account, you need to test the waters and see how well you perform with an account with limited funds (after trading a demo account).
Margin (leverage) � What kind of leverage can be used with the chosen broker? Just to make sure our leverage requirements by our Forex strategy and methodology (leverage above 100:1 is not advisable).
Commissions � Some brokers charge commission, it is ok if they do if the spread is smaller than other brokers.
3. Diligence
Hopefully you have eliminated most brokers at this point. You should have 3 or 4 finalists. In this step do your diligences on forums, ask other traders about their experiences using their brokers, and so forth.
Some forums where you can ask for broker information are: ForexFactory, MoneyTec, ForexNews.
If brokers are registered by their local regulatory authorities, you can visit the regulator website and you will find plenty of information about Forex brokers. Some of them publish resolutions regarding Forex brokers.
Amongst the aspects you should ask and get informed are:
Customer service � This aspect is the most important of them all, are they rude to customers? Are they willingly to help customers? These are the questions you should ask in forums and fellow traders.
Slippage � Slippage is the difference between the price where the trade was executed and actual value of it. Do they honor stop loss and take profit levels? Do they guarantee it? If any one had any discrepancies, did their broker revert the result?
Manual execution � Some brokers don't like scalpers, if they catch someone doing it, they will put this trader into manual execution, so a dealer (human) must accept all transactions made by this trader. Do they do this?
Re-quotes � a re-quote happens when you click the buy/sell button and the platform doesn't accept our price, so it will give us another quote for that particular trade.
4. Testing
In this phase we should test our Forex broker, first on a demo account to see how it works, also test your system to see how it performs. If you are satisfied with the results, then try the same platform with limited funds to see how it performs on real trades. If you are satisfied again then open your full trading account with the chosen broker.
I hope this checklist help you all traders to take the right decision when choosing brokers.
Quick Forex Ideas
forex chart
Do not worry about what market will do. Just worry about what you will do when market reaches your "pain point" or "happy point". You will have an easier life as a trader that way. Forex players can operate quietly, but they cannot hide their moves in those charts.
forex trader
Forex Knowledge
Assuming one has acquired enough market knowledge and acquired one?s proven trading system. This is the second most important element of success in trading, in fact. An edge in any system is based on the quality of info one has, charts being only an info of secondary quality not the best one.
More info on Forex trading
foreign exchange program
Good morning. EUR/USD, EUR/GBP, EUR/JPY and GBP/CHF all have correlation to a certain degree affecting each other. It simply shows how the money moves around in these pairs. For daily candle studies, it is more accurate to read them all to see where the flow is going, and same for 4 hourly or hourly or even 10 minute charts. In fact, GBP/CHF and EUR/GBP in many cases move a day or two before EUR/USD. Even by watching GBP/CHF and EUR/GBP charts, short term or long-term as above, you can manage to move in front of EUR/USD moves in many cases. Same goes for GBP/JPY and EUR/JPY charts for USD/JPY moves. More study on these pairs moves will reveal some more interesting things too. Good trades.
More info on a great Forex system
Easy Forex Stories
Japan's Nikkei index climbs nearly 2%
Fri, 25 Apr 2008 04:50:56 EDT
Forex Currency Trading
Easy Forex
Forex Software | Forex Trading Systems
Labels: Global Forex
