Energy Prices, Inflation and Forex
Oil futures surged to a record intraday high of $70.85 on August 30th, the day after Hurricane Katrina made landfall on the Gulf Coast. While prices have moderated in subsequent weeks, it’s worth examining how higher commodity prices and the specter of inflation impacts the foreign exchange (FX) market, particularly the U.S. dollar.
Forex Trading Systems
There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way.
Forex
A brief introduction to forex that explains the value of a nation’s currency judged by its relationship to the value of another nation’s currency. World events and other markets influence the buying power of a particular currency, like the British Pound or the Euro or the Japanese Yen.
Forex Day Trading
Are you ready for some excitement? With Forex day trading you’ll be in for a fun ride with lightning-fast trades, super-quick results and huge returns possible. The Forex market is open 24 hours giving an investor unprecedented opportunities to capitalize on a currency’s response to the day's events.
Forex trading
Forex trading takes place on pairs of currencies. In trading forex, one currency is valued against another; like the U.S. Dollar vs. the Japanese Yen. This establishes a rate of worth; one currency’s value is judged versus another currency’s value.
Forex software
The Internet affords us with unprecedented access to tools and software that are designed to make our lives easier and more productive. There are tools available to let us automate and analyze as never before in human history. Often times, though, the learning curve associated with using a new software tool is quite steep.
Learn From Losing
During my first year as a local (independent trader) on the floor of LIFFE, I bought and sold 8804 FTSE futures contracts, about 40 contracts per day on average. The result was a loss of £61,620 or -£267 per trading day.
Selling Short
Shorting a stock, or short selling, means to sell a stock which you do not actually have ownership of so you may profit from its potential decline in price.
Forex vs Futures
The Forex market is a continuous 24-hour endeavor form its open at 2pm EST Sunday afternoon with the Sydney-Auckland market until its close at 5pm EST Friday in New York.
Trading Strategy
Trading successfully is by no means a simple matter. It requires time, market knowledge and market understanding and a large amount of self restraint.
Technical vs Fundamental Trading
A major debate in financial market analysis is the validity of each of the two major forms of analysis: fundamental and technical.
Trading Accountability
I recently heard from a trader who told me he has been having problems with discipline in his day trading.
Choosing a Forex Broker
With currency trading becoming ever more popular, the number of brokers is growing at a rapid rate. What should one look at when deciding which broker to open an account with? These are the important to consider.
Online Forex Trading
Q1: When you consider that the foreign exchange market has become the world's largest financial market, with over $1.5 trillion USD traded daily, where does it go from here?
Understanding Forex Trading
The term FOREX is a combination of the two words FOReign EXchange and simply means the exchange of currency from one country for another country's currency.
Forex Chart
If you plan on becoming a serious forex trader, you need a forex chart to help you participate in the forex market with the most possible success.
Forex Brokerage
If you are interested in becoming a forex trader, one of the first things you should do is gather your team and become a team player.
Forex Quote
Understanding the Forex exchange quote system is essential to the success of Forex trading.
Forex Education
So, you want to trade on the Forex? Well, you had better settle in for a little bit of Forex education.
