Archive for February, 2010
Forex Trading for Dummies: Who is right?
If you are unfamiliar with Forex and tried to do a search for Forex Trading for Dummies, you would probably have gotten thousands of results each of which offers you a guide to learn forex trading quickly and simply. So which one of these should you follow? Which one will enable you to learn what [...]
Euro Forex hits a half year low
The Euro, the currency now in use by most countries inducted into the European Union, went south (to Greece) in the foreign exchange after concerns regarding Greece’s ability to keep within its fiscal budget arose. Despite the Greek government’s promise to cut the budget gap (between the GDP and government spending) from over 12% to [...]
Forex Trading Strategies
A lot of people think that there are perhaps some hidden techniques or strategies to forex currency trading that are sure-fire and guaranteed to make you millionaires, this however is not at all the case. Forex currency trading is a very logical business, it does require intuition of course and a great deal of knowledge, [...]
Forex Currency Marginal Trading
We have discussed the very basics of what forex is and how it works, we have then gone on to stress the importance of being up to date with financial and economic news and how it impacts forex trading decisions. We now move on to a method of forex currency trading that involves low start-up [...]
Forex Currency Rates: Aussie takes a fall
Over the past fiscal year, the foreign exchange rate for the Aussie (Australian Dollar) have been steadily rising due to multiple reasons but the RBA (Reserve Bank of Australia) on February the 2nd announced that it would not be raising interest rates again. Forex currency trading for the Aussie which was high partially on expectations [...]
Forex Trading and News
Well in the first post – What is Forex and how it works? – we discussed the very basics of forex currency trading. In this next part, we will be talking about how to analyze and assess what is happening in the business world to gain some foresight, to make knowledgeable predictions and determine the [...]
USD Forex Rate Strengthens with ADP Report
More positive news for people interested in forex trading coming out of the United States with a report from the ADP showing that 22,000 private sector jobs were lost as opposed to a predicted and expected fall of 30,000. This follows the general trend in the US which shows job losses steadily falling and boosting [...]
What is Forex and how it works?
Forex is the short form of foreign exchange, of itself forex simply means either foreign currencies or the system of changing various currencies are traded, but far more relevant to us forex is the life and fodder of currency trading. So what is forex trading and how does it work, what use does forex have [...]