Note: The Global Forex Market itself consists of a worldwide network of
primarily Interbank traders connected by telephone lines and computers. FX traders
constantly negotiate prices between one another and the resulting market bid/ask
price for a particular currency is then fed into computers and displayed on official
quote screens. Forex exchange rates quoted between banks are referred to as Interbank
Foreign Exchange Market, or "Forex" market, is where the majority
of buying and selling of world currencies takes place. The Forex market is by
far the largest financial market in the world with trading volumes surpassing
USD 1.5 trillion on some days. The very large commercial banks are the major traders
in this market, but many smaller entrepreneurs also trade in forex and using the
techniques involved in global forex trading they make a good living doing so.
currency exchange rates move around all of the time
- and sometimes quite dramatically, for example the South African Rand has fluctuated
by up to 80% over a one-year period, and we personally know of individuals who
made a fortune trading with that currency. Speculators desire to trade FOREX for
the opportunity to profit from a movement in currency exchange rates. For example,
if a trader believes (based on fundamentals or technical analysis) that the Euro
will weaken relative to the U.S. dollar, then the trader can sell Euros against
U.S. dollars in the FOREX market.
will always be the individual traders' own set of skills,
including emotional control and self discipline, that set them apart from the
crowd as there is no perfect trading system or methodology.
business tool converts 108 currencies at today's rates as issued by the London
local bank may offer you different rates, subject to the banks regulations)
Features of the Month
- Prefer Forex - This is a site all about the foreign exchange market. Here contain forex trading news, opinions, daily and weekly forex analysis, basics of the forex market, insights about the forex industry, forex tutorials, and more attractive forex trading signals. For the past 6 Years PreferForex has become the trusted brand among the forex trader community for its market analyzing and providing a high accuracy forex signal. Try the Premium 1 Month
- The Comprehensive Forex Mastery Program – Examining this program is a perfect place for the brand-new trader and the seasoned trader who hasn't quite found their niche. We provide a unique perspective on trading the Forex market that is unmatched in the industry. This program is designed to take both the new and existing trader to new levels of success by teaching them the fundamental skills, tools and mindset they will need to become consistently profitable. We focus on price action technical analysis and avoid all the gimmicks and robots that are being pushed in the market today. The entire course has over 75 videos compiling over 10 hours of video training segments. It also contains several trading strategies that were custom designed by Jared Passey, and have been traded by him and his students for years. The course also includes a complete tutorial on the Meta-Trader 4 trading platform. If you're still looking for a way to change your trading from an expensive hobby to a profitable endeavor then you need to take a good close look at this program. Read more.
- International Money Transfer Service - PagoFX is an international money transfer service backed by Santander – available via mobile app and website. Individuals and businesses who are UK residents can easily send money abroad with bank-level security, low costs and excellent customer support. Read more.
- Forex Signals Software - Many of our clients use this powerful software by XtreemPoint and find it to be one of the most advanced methods of isolating buy and sell signals related to trading in foreign currencies. Xtreempoint Professional
- Wallstreet Forex - We've kept the best of Wallstreet Forex Robot logic, but the improvements we've made enhance the system’s profitability to a whole new level. Just to compare the performance of Wallstreet 2.0. This is the most profitable Forex EA for the last 3 Years with over 700% pure profits for 3 Years. Includes the best support with consistent income. WallStreet Forex Robot Single License
- Forex Earth Robot - This Forex service is one of the most effective EAs (Expert Advisor) that brings you an excellent risk/reward ratio while maintaining stable profits. Are you tired of unprofitable EAs? Are you tired of broker sensitive EAs? Are you tired of seeing backtest performances that don't reflect live market performance? Then Forex Earth Robot is for you. If you are an experienced Expert Advisor trader like us, you will know this is the kind of EA you need. Click here.
- MQL4 & Trading Robot Coding in Metatrader4 - Especially in automated forex trading one question comes up very often: What if? What if one could find a system that would be trading dependable and automated? What if one could reveal a working trade logic without future prediction? The one thing that I am most excited about in MQL4 is the opportunity to do a backtest again and again - with the exact same historical data - changing one little thing in the settings each time. That makes it possible to find out if and what changes in a short time span. And you can make the right adjustments in your system afterwards. Let's assume for example we would train our automated trading system to close a trade when the profit is equal or higher than $2. How would it change or improve the end result on a yearly basis if we change that take profit goal to $5? What would happen if we chose 50 Cent instead of $2? Would we have the same profits in a shorter time span or would we only achieve 25 percent in the same time? What takes months in real live can be calculated in MQL4 within minutes. There is a saying, time is money and in this case both is true, because we can save lots of time to get those insights and that will save us lots of money in the long run. Discretionary traders do not have this advantage. They have to trade many years to get the same insights that an MQL4 system can spit out within an afternoon. A lot of ordinary traders might not trust automated trading systems, but every successful trader must admit that one fact is true: Nothing can replace one’s own experience. MQL4 Tutorial Bootcamp - Trading Robot Coding in Metatrader4
Book: Charting the Major Forex Pairs: Focus on Major Currencies - All
markets move in patterns and being able to visualize and analyze those patterns
can offer powerful advantages. Traditionally though, technical analysis has been
the preferred technique for Forex traders. Now in this pioneering book, James
Bickford and Michael Archer expand upon the use of technical indicators by studying
and charting the most commonly traded currency pairs. Featuring numerous historical
charts generated by proprietary software and charting systems, 'Charting the Major
Forex Pairs' provides a graphical interpretation of the markets, enabling traders
to see instantly patterns, and to enter into and exit positions with confidence.
This book is highly recommended by our Editor. Charting the Major Forex Pairs: Focus on Major Currencies (Wiley Trading) [Paperback]  (Author) James Lauren Bickford, Michael D. Archer
Trading Made Simple - The eToro
platform is an innovative one and comprises software that makes foreign exchange
trading simple, and that strikes a chord with beginner and experienced foreign
exchange traders alike. Read
Exchange - The Delamere Group has teamed up with this British independent
foreign exchange specialist TorFX
and we offer highly competitive rates of exchange to both corporate and private
clients, for international trading, buying property abroad, emigrating and other
overseas payments. Visit
for more details.
Seminar Video Course - This course shows you how to stick with the very
best "bankable trades," and enjoy as close to a "sure thing"
as you'll ever get. To become a winning trader, you don't have to outsmart anyone,
dream up a new strategy, stay up all night analyzing trends, or pay your dues
by losing money the first year. This Forex Course teaches the same system
used by banks, financial institutions and professional Forex traders alike to
trade currencies on the foreign exchange. Your drive to succeed and passion for
Forex trading, combined with this powerful, yet simple Forex Trading system delivered
through our interactive Forex Course, is the winning formula you have been waiting
for. For more details visit Forexmentor.com
Trading Tips - The problem that most would be currency traders encounter
is a lack of appropriate literature. Most of the books on the subject deal with
macro economic theories. If you want to study economics you are better off enrolling
in a university class. In the real world with such knowledge and 10 dollars you
can buy yourself a lunch. The real world is inhabited with real people. And real
people eat little geeks for breakfast. Welcome to the world of currency trading.
You may have an excellent understanding of financial markets, realistic expectations,
plenty of capital and nerves of steel. However, if you don't have a tested and
proven entry/exit system eventually you will fail. This is where our course differs
from most of the educational material that you have come across. You need to know
when to get in, when to get out, and you need to understand why. For more details
in the Global Currency Markets - This book 'Trading in the Global Currency
Markets' brings the universe of foreign exchange within the reach of every
trader. Traders will find:
of the mechanics of the market, the major players and markets, corporate trading,
methods of trading execution, and pertinent risks
thorough overview of foreign exchange instruments and major option strategies,
with clear explanations of why currencies are traded and how to forecast currency
in-depth look at the two types of analysis - fundamental and technical
- Trading in the Global Currency Markets, 3rd Edition
Spot Rates for Europe, Middle East & Africa. click
forget to visit our Investment Tools page for the latest available Newsletters
and techniques used either in technical or fundamentals trading in Forex
to Investing Page"