All Entries Tagged With: "Foreign Exchange"
Oil and Gold falls on strong US Dollar, IMF sale
The U.S. Dollar rose to a high in the forex trading market this Thursday mostly on the back of strong economic statistics released on Wednesday the 17th. The Euro meanwhile continued to be uncertain and almost fell to the seven month low that it reached earlier in February against the U.S. Dollar. Gold prices meanwhile [...]
Have account, will trade foreign currency exchange
Having explained what pitfalls await for people looking to create new forex currency trading accounts, in this post we will discuss what exactly you should trade and why. Further, we will explain what spreads and pips are and why they are important if you’re planning on forex currency trading for a profit. Despite some forex [...]
Opening a forex currency trading account and making money
So by this point you have quite possible gained some minor knowledge of how the forex trading system works. More importantly (and if you know what’s good for you) you’ve signed up for a demo forex currency trading account and tried your hand at forex currency trading and experienced first hand what works and what [...]
The Forex Currency Trading Market
So in the past we have discussed the basics of forex trading in the post What is Forex and how it works? but we have yet to discuss the workings of forex currency trading itself. The forex market, also referred to as the foreign exchange, FX or currency trading market manifests itself in three forms, [...]
Forex Currencies Update: AUD, Euro and JPY
The recent forex market frenzy of Euro selling has slowed down somewhat amidst the G7 talks on Greece making a somewhat hesitant recovery against the U.S. dollar to a EUR/USD rate of 1.3693. The Aussie on the other hand has made a quick recover on the back of a major Australian coal deal and has [...]
Analysis in Forex Currency Trading
While we have already stressed the importance of having a forex trading strategy, analysing and being up to date with news in our earlier posts, we go slightly more in depth in this one to discuss how to improve your chances of making gains in the forex currency trading market. We have also discussed the [...]
Forex currency trading strategy software
Having already warned our esteemed readers about the dangers and pitfalls of downloading and paying for various forex software that are guaranteed to make you rich, we now make our first alternative offering. The forex software we’re about to review are free and allow you to make forex currency trading strategies as well as implement [...]
Automated Forex Trading and EAs
Automation has occurred to some extent in every walk of life from the car making industry to bread toasters at home and it has been available for online forex trading for quite a while now too. Automated forex trading does not really involve everything happening without human intervention so that you leave it alone and [...]
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 [...]