All Entries Tagged With: "Forex"
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 [...]
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 [...]
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 [...]