Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market. So, when should one consider trading and why? The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a... Read Full Story
There are some currencies known in financial circles as “commodities currencies”. Their fortunes seem to be rising an falling in tandem with prices of raw materials. These are the “other dollars” CAD, AUD and, to a smaller degree, NZD.
These countries are large producers and net exporters of a wide range of physical commodities. Oil and gas, metals, forestry and a myriad of agricultural products are imported from those countries by the rest of the world, especially exploding Asian... Read Full Story
India Saturday 28 November 2009: The rupee recovered from a three-week low on Friday, as markets pulled back from a sharp intra-day fall. The local currency ended 22 paisa lower at 46.67 almost level with its close to last week. The rupee fell to a low of 47.07, as the share market benchmark BSE Sensex fell as much as 3.8%, but local sentiment improved as a number of companies said they had no material exposure to Dubai .
Dubai has shaken financial markets since Wednesday, when it said two... Read Full Story
Surely you had ever heard of pips and lots, but you know everything about these terms? How are they calculated? If this is not the case then this section is for you. To deal with Forex, it is essential to master these concepts. They will help you calculate your profits and losses and so set your stops correctly.
What is a pip? A pip is the smallest unit of change in exchange rates (see listings). As you can see, the currency pairs are quoted in 4 digits for most. A pip is the last... Read Full Story
A few ways to apply leverage through that you can increase power of your investment and Forex trading. This method in essence makes possible for you to control large amounts money, using only a small sum. As a rule, currency values, it will not increase or it fell more than by the specific percentage during the established period of time. In practice, you can deal in the fields, using only the small sum, which will cover the difference between the current price and the possible future low... Read Full Story
All the action happened pre-Tokyo open with AUD/JPY falling by 3% in an hour
Cable fell heavily after the UK Treasury downgraded the GDP forecast for 2009
Japanese finance minister Fujii raises the prospect of joint intervention
Japan’s unemployment rate falls to 5.1%
Dubai default story continues to rattle credit and equity markets
Regional stockmarkets lose around 2.5% on average
AUD undermined by renewed prospect of ETS failure and early general election
Oil fell 2.7% but... Read Full Story
Hope everybody had great holiday, unless you happened to be invested in Dubai real estate market. What an unusual Thanksgiving that turned out to be! Normally it is a quiet, subdued trading period, except when surprising, big time fundamental news emerge. And did they ever! As soon as "Happy Thanksgiving" post was released, it seemed that bottom dropped under USD, which plunged to new lows against most currencies, including moving under parity with Swiss Franc and multi year low against Yen... Read Full Story
Forex trading is a popular way to make money online, but it can be both easy and difficult. The rules of how to trade Forex are quite simple, but using those rules on practice can be a little complicated. As a beginner, you should know different methods of Forex trading. There are three basic types of transactions you can use in Forex trading.
The first type is day trading. You apply day trading, when you buy and sell currencies during the same day or few days. You benefit from some... Read Full Story
Swiss National Bank intervenes to stop accelerated swiss franc gains. Said to have bought USD/CHF on EBS at .9960. Amounts not large. Traders report SNB didn’t ring banks direct. Talk also bought EUR/CHF. SNB declines to comment
Shanghai share index down 3.6%, biggest one day drop in nearly 3 months
Japan government spokesman Hirano: Watching forex moves carefully. Discussed yen rise with FinMin Fujii
Japan FinMin Fujii: Won’t comment on chance of joint forex intervention. Will... Read Full Story
1. Nikkei opens -0.5/1.0%; Gold hangs around $1190/95; USD/JPY trades inside s/t 86.30/00 range; AUD/USD, cable and EUR/USD sees some mild profit taking
2. Nikkei opens flat to slightly positive; gold drops slightly; USD/JPY breaks higher taking out trailing stops above 87.10; other majors also rally
3. Nikkei opens at least -2.5%; Gold breaks above $1200; USD/JPY breaks below overnight low, where it stops nobody knows; EUR/USD falls hard headed for 1.48, AUD/USD towards .8850 and cable... Read Full Story
