South Korea Planning Currency Intervention
South Korean authorities have indicated they will intervene if the volatility in the foreign exchange (Forex) market continues. The government and the Bank of Korea have concerns regarding the rapid declining value of the won and plan to keep a close eye on the Forex market.
Read more »Cracking The Forex Code – February Results
Well, that was interesting. Our previously held number 2 spot in Google for the keyword “Cracking The Forex Code” has well pretty much disappeared to number 400 and something. I wonder if sales of the ebook have gone up now that our negative review is not on the map.
Read more »Forex Basics: Entry Orders
There are different types of orders that can be used in Forex trading. The most common are:
- Market Orders
- Entry Orders (stop or limit)
A market order is simple a request is sent to the Forex broker to buy or sell a currency pair immediately at the best available current price. As Forex is a highly [...]
Trading System: USD & Gold Correlation
Exploring the correlation between the U.S. dollar index (major currencies) and Gold (iShares Comex Gold).
Theory
It is widely known that historically there is an inverse relationship between the price of Gold and the USD. So, what happens when one of the two does not respond as expected to a move in the others price?
Automatic Forex System Trading
Automated or automatic Forex trading involves the use of a trading program that places trades for you without requiring any intervention. Automatic Forex trading systems are often sought out by individuals that wish to benefit from trading the Forex market without it being a full time job. If you’re looking for automatic Forex system trading [...]
Read more »Looking For A Forex Trading Strategy?
A popular Forex trading strategy is to use a combination of technical indicators to indicate entry/close signals. Many Forex trading forums discuss Forex trading strategies and this can be a good starting point to develop your own ideas.
Read more »Trading Foreign Currency Online
Online foreign currency (Forex) trading is available through most Forex brokers. Brokers will usually offer you a choice of trading with a web based application or a desktop application that is installed on your computer.
Read more »Automated Forex Trading
If you are looking for an automated Forex trading system you have a few options;
1. You could think about getting a professional trader to trade your money. Collective2 has an extensive list of Forex systems you can choose to trade, the trades are placed automatically by the trader and routed to your account automatically. This [...]
How Currency Trading Works
Q. How Does Currency Trading Work
A. Currency is traded in pairs (for example AUD/USD), the cross rate refers to how much of one currency you can buy by selling the other. If the quote for the AUD/USD is 0.94, this means I can buy 0.94 USD (94 cents) for every $1 AUD I own.
Now, lets [...]
Top 10 Forex Trading Products
If you are new to foreign currency (Forex) trading it is a great idea to take a course. While there is a lot of free information available on the internet sorting through it and trying to make sense out of it can be confusing and time consuming. A basic Forex course will teach you all [...]
Read more »Trading Forex With A Mini Account
Most popular Forex brokers offer Forex mini trading accounts. Mini accounts are great for traders new to the Forex market and for those who have limited funds. Forex mini accounts can be opened with as little as $250, whereas standard accounts generally require $2,500.
Read more »Free Forex Charts At Daily FX
The best way to access free Forex charts is to open a currency trading demo account with a Forex broker. Most Forex brokers have their own trading platform you can access the charts from and many also offer their data feed through the popular platform MetaTrader 4.
If you just want to have a look at [...]
Trading Currency As A Commodity
It is possible to trade currency as a commodity, however trading foreign currency (Forex) on the spot market is far more popular and has many advantages, including;
- No need to rollover contracts
- Futures contracts are generally for large dollar amounts, a Forex mini trading account will allow you to trade just $10,000 of currency
- The [...]
Learn Forex/Currency Trading Online
If you would like to learn Forex currency trading online you have come to the right place. This website contains many articles on basic information you need to know including;
- What currency trading is and all the technical terms you should be familiar with.
- How the Forex market works and when it’s open for business.
- [...]
