Advanced Currency MarketsThese rates may be influenced by world economic and political events, currency rate differentials, as well as many other factors including extreme weather conditions (hurricanes), acts of terror etc.
Forex is the largest marketplace in the world with more than 3.2 trillion dollars changing hands daily and so making it one of the most attractive and lucrative markets.
How does the foreign exchange market work?
The forex market allows you to buy and sell currencies against each other and speculate on the differences in exchange rates.
Making a transaction on the forex market is simple: the procedures are identical to that of any other market so switching to trading currencies is straightforward for most traders.
Forex - US Session: The Bailout Battle Rages on in US Lesgislature Pressuring Risk Appetite
The dollar regained momentum on waning risk appetite, and uncertainty regarding the outcome bailout bill. The EurUsd settled mostly flat in today’s session at 1.2862, while the Usdjpy gained 100pips to seeing resistance at 92. The GbpUsd gained 85pips to the mid range of 1.43 after a volatile week in the marketplace. Equities were mixed in the US and Europe with the Dow lower by 1% or 82pts and....
G7 Friday – Summit expected to scrutinize exchange rates.
G7 Friday – Summit expected to scrutinize exchange rates.
The dollar weakened throughout the night as continued speculation the U.S Stimulus package wouldn’t be sustainable marred sentiment. The EURUSD traded a 1.2879 – 1.2949 range with a slight bias to the upside. However, we continue to believe any move on the part of the pair is dollar driven. Euro zone GDP figures are expected at 10:00 GMT today (-1.2% vs. -0.2%). A key event today and tomorrow is....
For those of you that are new to the foreign exchange (forex) market, it is important to familiarize yourselves with this market’s characteristics and unique attributes. The forex market allows traders to buy and sell distinct currency pairs. No commission is charged per trade, the broker is compensated through the buy and sell price differential – commonly known as the “spread”. Below are a few guidelines to start trading with Advanced Currency Markets – your gateway to the largest and most liquid market on earth.
For those of you that are new to the foreign exchange (forex) market, it is important to familiarize yourselves with this market’s characteristics and unique attributes. The forex market allows traders to buy and sell distinct currency pairs. No commission is charged per trade, the broker is compensated through the buy and sell price differential – commonly known as the “spread”. Below are a few guidelines to start trading with Advanced Currency Markets – your gateway to the largest and most liquid market on earth.