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Foreign Investing and Investment Bookmarks (FOREX)

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About Forex -  Foreign Exchange Currency Trading

Forex is short for Foreign Exchange it is also known as FX. The FOREIGN EXCHANGE (FOREX, FX) market is not a "market" in the traditional sense. In fact, it is the nearest to "perfect market" from a economics perspective.

Most currency transactions involve the "Majors" - US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

The Forex market operates 24 hours a day through an electronic network of banks, corporations and individual traders. Forex trading begins every day in Sydney, then moves to Tokyo, followed by London and then New York. The major market makers, or dealers, consist of the commercial and investment banks, the exchange traded futures, and registered futures commission merchants

Why everyone is flocking to the Foreign Exchange
The forex market is the most exciting investment in the world. 

There is no centralized location for trading as there is in futures or stocks. Trading occurs around the clock over the telephone and on computer terminals at thousands of locations worldwide. In fact, Foreign Exchange is the biggest market on earth. The Forex (currency trading) industry has a daily turnover of 2.5 trillion dollars! (The turnover is 100x more than the daily turnover of the NASDAQ.)

It is so large, with so many currencies and participants the outcome can not be altered or controlled by individuals, groups, businesses, or even governments! Central banks, private banks, international corporations, money managers, speculators, and private individuals - all involve in FOREX trading.

Foreign Exchange prices, or quotes, include a "Bid" and "Ask" similar to other financial products:
Bid: Price at which Dealer is willing to Buy and Traders can Sell Currency
Ask: Price at which Dealer will Sell and Traders can Buy Currency

The difference between the Bid and Ask is called the "Spread", which is the Trader's cost of the transaction. FX Solutions offers Traders the narrowest spreads in the retail Forex industry, thereby lowering transaction costs

Currencies are usually quoted to four decimal places, such as the Euro/US Dollar trading at 1.2400/1.2403, with the last decimal place referred to as a point or "pip". A pip for most currencies is 0.0001 of an exchange rate; the one exception is the USD/JPY quote in which each pip is equal to 0.01.

Analysis of Foreign Exchange Markets

Foreign exchange traders base their decisions on either technical analysis and fundamental analysis. Technical traders use charts, trend lines, support and resistance levels, mathematical models and other means to identify opportunities and drive trading decisions. Fundamental traders identify trading opportunities by analyzing economic information.


 
Learn Forex Trading Online
Forex Mentor:  Find Out How the 'Big Dogs' Got Rich Trading Currencies & What Secrets They Are Hiding From You...

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