Forex Exchange Rate



             


Friday, May 15, 2009

FOREX: Foreign Currency Exchange Market at your Fingertips


Dear Friend,

Have you ever heard of FOREX? FOREX stands for Foreign Currency Exchange Market. This is a fascinating new way of making money in the trading market. With FOREX you can learn powerful techniques that will let you turn $200 to $3,000. You will learn to focus on what trades are the good ones and the most profitable. FOREX is an amazing tool to learn to use. Not only will you profit big, you will also have more confidence when deciding what to trade or not to trade. The beauty of FOREX is that it's not only for expert traders, but also for beginners. As a beginner, FOREX teaches the basic terminology used, concepts, and knowledge that will allow you to join the FOREX trading market. FOREX literally points you in the right direction of where to start your trading. It's as if you're being held by your hand and being taken to where the money is. FOREX is great, because if you sign up you'll receive a FREE ebook with training materials that will teach you everything about trading FOREX and how to get started. This is a great course that will really teach you step-by-step in how to make intelligent trades in the trading market. One of the best features about FOREX is it doesn't cost thousands of dollars like most competitors and you'll probably end up making much more money with FOREX than these competitors. FOREX is also beneficial for expert traders. So for you experts out there, you'll just fall in love with this from the start. You already know the basics and now you'll become perfectionist in basically making money. Who wouldn't love this talent? FOREX is a great tool that basically let's you know when the major market moves will happen and in what direction. It's as if you're waiting for someone to give you the go ahead of trading and knowing that it will be profitable. This is just too good to be true. Well with FOREX it's just that good! Learning these precision techniques will surely help you in achieving HUGE PROFITS. There are always risks with trading. However, with FOREX the techniques that you will learn will teach you to trade with the smallest risk possible (between 10 to 20 pips). The purpose of FOREX is for you to be amazingly profitable. Like mentioned above, this is not only for experts but for beginners as well. This new powerful tool is feasible that even a child can learn. You'll see dramatic changes in your income and feel more confident in knowing when and how to trade. You'll enjoy this new way of living! Just think, you wake up start your day and do a little trade here and there and then that's it! You basically did your work for the day and then you're free to enjoy the rest of your carefree day. This type of lifestyle is waiting for you! Just remember FOREX is the place to be.

Best of Success! Thanks, Stephanie

This is one of the many remarkable trading techniques taught at: Http://www.4exonline.com You'll learn precision techniques that will make huge profits

 

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Saturday, May 9, 2009

FOREX Freedom


The FOREX (Foreign Exchange Currency Trading Market, also know by the term FX) is relatively unknown which is surprising because it is the largest financial market in the world and sees approximately 1.9 trillion US dollars worth of trade on an average day.

Everyone has heard of stocks and shares, probably even the futures market, but trading the FOREX market is a relatively new phenomenon.

Until de-regulation in 1997, the FOREX was the domain of the banking fraternity and the elite in financial and business circles, but now with as little as $300 any individual can open an account and trade on the FOREX.

Foreign currency trading is such a lucrative and easy to understand market that many who used to trade stocks, bonds, commodities and futures have switched to trading nothing but FOREX. More and more astute internet entrepreneurs are shunning the traditional financial markets and turning to FOREX trading.

Even Bill Gates and the world renowned trader Warren Buffet now trade currencies as part of their overall strategies.

As currency markets are some of the most volatile markets, many fundamental variables such as weather and war affect the price of the currency. However, since there is no single apparent reason much of the time for price movement, the fundamentals get discounted and one can use an almost purely technical approach to trading. This is why the FOREX is considered one of the most predictable trending markets that follows technical analysis methods more than any other market. These price movements are highly predictable, creating trends that can be anticipated when it comes to decide when to buy and sell.

With real estate, the prices must go up in order to make a capital gain. With the stock market, traders need stock prices to rise in order to take a profit. Unlike real estate or the stock market, which relies on property value or shares increasing in price to create profit, money can be made both on a rising and falling FOREX market.

The FOREX is the best trending market as it keeps moving in the same direction (this can be UP or DOWN) over 78% of the time. You can sell a currency (go short) just as easy as you can buy a currency (go long). Currencies go up and down and you can trade either direction just as easily ensuring there is always plenty of trading opportunities. It is possible to strategically plan your market entry and exit levels and control exactly how much you profit or lose. Investors can even make a profit when they misjudge the market 50% of the time! Compare that to other types of investments.

The FOREX market is also the most liquid market in the world. Many other forms of investing require tying your money up for long periods of time, and if you need to use the capital it can be difficult or impossible to access to it without taking a huge loss. Not so with FOREX trading, you have full control of your capital.

Entry orders are instant. There is no lag time in placing an order. Orders are processed instantly at the current market price, or the price at which you set the order to enter the market in the future.

All done electronically and considered an over-the-counter (OTC) market, FOREX trading is far easier and less risky than either the futures or the stock markets and far more liquid than the futures markets.

Quite easily, the foreign exchange market dwarfs the stock market of any country. To illustrate, this is 30 times larger than all the US stock markets combined.

Currency brokers usually give their traders 100:1 leverage, meaning that if there is $1000 in ones account, they will let one control $100,000, which allows currency traders to reap large gains from relatively small price movements in the market.

In the FOREX market, you pay NO commissions and NO exchange fees. This can add up to quite a significant overhead in other financial markets. Even when you use discount brokers, those fees add up. With the FOREX, since you deal directly with the market maker via a purely electronic online exchange, you eliminate both ticket costs and middleman brokerage fees. There is still a cost to initiating any trade, but the broker just takes a small difference between the bid price and the ask price as its fee for the transaction of a currency pair. Since the FOREX market is very liquid, the spread between the bid/ask is very small. In the FOREX market, you also do not have to worry about having a large sum of money in your account to sell your currency pairs. As a trader gains experience, a full service paid broker is no longer necessary.

On another note, in the stock trading world, you are flagged if you are deemed to be a day-trader. In other words, if a trader of stocks chooses to trade every day, he or she must have an account balance of 50,000 dollars to do so. There are no such restrictions when it comes to trading the FOREX. If you work at night, you may trade in the daytime. For those that have jobs during the day, the FOREX market is much more accessible as trading can be done at night or early in the morning before going to work.. You simply trade according to the schedule that works best for you. As there is no central exchange and because it is a world market FOREX can be traded 24 hours a day so it need not get in the way of your other business interests or social life.

Another advantage that the FOREX market has over stocks is the advantage of trading focus; instead of having to choose between over 4,000 stocks you can deal with 7 main currency pairs. Any good business person knows that focussing on too many things is a recipe for financial disaster and this can hold equally true in the stock market. A stock trader also must grapple with the time issue doing research on all those potential stocks presents. It is also much easier to become familiar with 7 areas as opposed to 4,000. Focus is the name of the game.

So, where is the foreign currency market located? Well, unlike the stock exchanges of the world, the foreign currency market is a virtual market that is connected by the internet, phones and fax.

Most brokers offer a free demo version of their live software, easily downloaded and installed.

The wonderful thing about these programs are that they work exactly like the real versions, with buy/sell capability; real-time charting with data updates; several dozen indicators; live price feed or a minimal 10 second delay; a realistic $50,000 account with active profit and loss; open, pending and closed trades; and actual stop, limit and market trades. No account deposit is needed. Traders can practice trading tactics until confident and successful before they even part with a cent of their own money.

Unlike learning how to invest in the stock market, for example, where you have to pretend that someone will sell to you and that someone will buy from you - and that is not real at all, the FOREX market is so liquid (instant buyers and sellers) that both the demo and real accounts behave exactly the same! What a great way to learn - when you switch to a real account, you can't even tell.

You can practice, using various proven techniques, with your demo account until you feel comfortable that you are consistently making profits.

Once you feel that you have been obtaining consistent trading results, you can start trading on the FOREX for as little as $300 dollars. There are two types of real accounts, a mini FOREX trading account and regular FOREX trading account. Most FOREX Brokers offer 100:1 leverage which means a in a mini account you can control $10,000 currency position with $100. In a regular account $1000 controls a $100,000 currency position. This provides great leverage and an extremely efficient use of trading capitol.

Get ready for a life-changing adventure! Once you get a taste of making money by sitting in front of your computer monitor, there is no turning back. But the best part is, it can be fun and get you more involved in your own financial portfolio.

Happy Trading,

Monique Briand

For a free course covering everything from FOREX terminology to how and where to set up a free demo account where you can practice to setting up your own real mini-account to how to turn $300 into $30,000 in as little as 6 months, just visit the FOREX Training Centre at:

http://www.ForexTrainingCentre.com

Master Infopreneur, currently seeking joint ventures.

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Wednesday, April 22, 2009

The forex market exposed, wait until you see what's inside


" If You Want To watch as a millionaire forex trader legally exploits the foreign currency market, and reveal his proprietary techniques to help make you millions trading forex, then finish reading this now!" Dear Friend, Forex traders are raking in big profits with low risk high yield, investment strategies that exist only in the foreign currency market. Especially those who have a trained eye that can see excessive profit points that explode when done correctly. The forex market has created many millionaires who understand the exceptional leverage that is provided by trading currency. To be exact a 100:1 leverage ratio, this means you can leverage your money 1x100 so $100 leverages $10,000 and $10,000 leverages $100,000. This extraordinary benefit of the currency market allows you to realize windfall profits in a short period of time and can quickly make you a lot I mean a whole lot of money. Big Businesses, banks, and wealthy investors have been making billions for years from foreign currency exchange, and now the little guy with a few hundred bucks has the same opportunity to profit from this supercharged money making forex machine.

My friend the forex boom is just beginning and I have a secret weapon that neither the newbie nor professional forex fanatics possess. Let me put this in perspective for you, lets say you could have been friends with Warren Buffet before he became a billionaire and he was willing to show you all his techniques and insight into the markets. Would you have listened? I hope you answered yes, because every investor that got involved with Warren Buffet before he became a household name has since become super multi millionaires. Now you have a similar opportunity, but there is one problem (a good problem) the leverage that is available to you through the forex market will speed up the amount of time it takes to make substantial gains that made those select few multi millionaires.

There is a little known multi millionaire forex trading champion that I discovered online who has been dumping his number crunching brain power and secret proprietary forex strategies which have made millions for everyone to see. You would not believe some of the simple yet powerful techniques this forex fiend was revealing. I mean I was floored at the sight of some the stuff this guy was showing me because I knew it meant the difference between making millions of dollars, or still trying to figure out what a pip was (forex jargon). I had to put this in writing so everyone could A. (know about the forex market) and B. (get access to this forex fortune teller). The forex market has opened up new doors for everyday Joe Schmoes such as myself and will continue to grow and give new opportunities to those who want to discover a new way to wealth. The fact of the matter is when you combine a market like foreign currencies and a Warren Buffet like forex genius that equals profits, period.

Here are the keys to the vault. Will you unlock the Door? http://www.forex4checks.com . There is more there than you expect!

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Tuesday, April 14, 2009

Forex: No psychological limitations


Back when I first started learning about investing, I decided to start from the beginning and read basic books on personal finance as well as "guides" for understanding all of the investment world in a nut shell. Most of these authors were very knowledgeable and informative, but their investment advice was far too conservative for my taste. They would literally write chapter after chapter talking about the differences between conservative investing, which according to them generally yields somewhere around 5% PA, as opposed to "risky" investing which usually meant a diversified stock/mutual fund portfolio yielding (in my mind) only slightly higher averages. What kind of returns can you expect in the stock market? Well they say the market has gone up an average of 10% a year since Adam and Eve. Popular indexes like the DOW and the now more popular S&P500 have always, like real estate, "gone up over time."

Now, these market averages are almost worshiped like golden calves. Repeatedly drilled into my brain was the concept that there were hundreds (if not thousands) of fund managers and other "professionals" out there with Harvard degrees, decades of experience, millions of dollars under management, and they were all spending 15 hours a day consuming every single bit of market information in the hopes of beating these golden calves by a few points.

What chance did I have? If Dr. Fund Guru Jr. who eats, sleeps, breathes the markets and has more credentials than I have individual hairs on my body can't consistently make 20% a year...well...forget it kid...your chances are slim to none. I guess I'll buy some shares of XYZ fund and accept the scraps off the table from the stock gurus.

NOT!

The foreign exchange market offers many benefits that the stock market does not have. Most of these have been beaten to death on various forums, blogs, articles, e-books, etc. However, it's always good to reiterate the positive (my own personal reason is last): - Forex offers unprecedented liquidity. With over two trillion dollars transacted per day on the market, it makes filling any buy/sell order virtually instant. That equates to less slippage and more profitability. "Paper trading" stocks vs actually trading stocks is very different, because orders may not be filled in a timely manner. The difference between trading a forex demo account and an actual account is virtually nill. - Forex is available 24 hours a day 5.5 days a week, as opposed to the daylight trading hours of the stock exchanges. - Forex is uncontrollable by large entities. Large net worth individuals, banks and fund managers who throw their weight around in the stock market can often have huge effects on price action. Because of the immense volume of foreign currency traded per day, the market is unmoved by "heavy hitters." Not even central banks can control the Forex market. - Forex offers up to 200:1 leverage as opposed to 2:1 stock leverage. - Forex has no restrictions for selling short, as opposed to the stock market's "uptick" rule - Forex can actually be traded INSIDE of an IRA or Roth IRA account. - Forex gains are taxed at the preferred 60/40 rate, no matter what trading style you use (intra-day, swing, position) as opposed to the tax penalties for holding stocks for short periods of time.

The list does go on, but for me the biggest advantage is a psychological one. I know it probably sounds silly, but fear and intimidation can sometimes subconsciously defeat us before we even begin. I don't like the idea of having to live up to, and in a way, compete with "professional managers" who have more knowledge of the fundamentals of the markets than I ever will. It's almost as if Forex, in some way, levels the playing field. I don't have to psychologically compete against anyone's idea of what kind of returns are "acceptable and realistic" and what kind of returns are "pure fantasy." I only have to trade until I can find an acceptable reward to risk ratio, and consistent profitability thereof. The only one I compete against is myself.

-Joshua White http://www.consistentforextrading.com

Joshua White is a willing student of anything that makes consistent, moral and ethical money online. Come learn with him at http://www.consistentforextrading.com.

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Thursday, April 2, 2009

Forex Trading Demystified


Forex involves the trading of currencies. It is the largest financial market in the world and has an estimated daily turnover of 1.9 trillion dollars. This turnover is larger than all the worlds' stock market on any given day.

The forex market does not have a fixed exchange. The forex market is considered an over-the-counter (OTC) market. The forex market is completely electronic and trades are executed over the phone or on the Internet. Until 10 years ago the forex market was the preserve of large financial institutions. Now an ever-increasing amount of individual traders thanks to the advent of the Internet and an increasing amount of online forex brokers are trading forex.

Currencies are always traded in pairs. A typical pair would be EUR/USD (Euro over US dollars). The first currency is the base. The second currency is the counter currency. The pair can be viewed, as the amount of the secondary currency that is needed to buy 1 unit of the first currency. If you were to buy the above pair you would buy Euro and simultaneously selling US dollars. If the pair were sold the reverse would happen you would sell the Euro and buy the US dollar. This might sound confusing but simply think of the pair as one item and you are buying or selling one item. If you think the Euro will go up against the US dollar you buy the EUR/USD pair. If you think the EUR will decrease against the US dollar you sell the EUR/USD pair.

When you see forex quotes you will see two numbers. If we use the EUR/USD as an example you might see 1.2350/1.2355 the first number 1.2350 is the bid price and is the price traders are prepared to buy euros against the US dollar. The second number 1.2355 is the offer price and is the price traders are prepared to sell the EURO against the US dollar. The difference between the bid and the offer price is the called the spread. The spread for the major currencies is usually 3 to 5 pips (explained later).

The most common increment of currencies is the pip. If the EUR/USD moves from 1.2350 to 1.2351 that is one pip. A pip is the last decimal point of quotation. Most currencies quoted to 4 decimal points. The exception is the Yen, which is quoted to 2 decimal points eg 139.41. The term pip is just forex lingo so if a forex trader says the EURO has gone up 20 pips against the US dollar add 20 points to decimal part of EUR/USD pair.

Forex is traditionally traded in lots also referred to as contracts. The standard size for a lot is $100,000. In the last few a mini lot size of 10,000 dollars has been introduced and this has become increasing popular. Forex trading is leveraged with most forex brokers offering 1% margins. This means you can control one standard lot of $100000 with $1000. Typically you would need a minium of $2500 to open a standard size forex account.

A mini account can be opened with $300 with most forex brokers. To trade a one mini lot you need a margin of $100, which in turn controls $10000. If the currency goes up 1% and if you traded one mini lot of $10000 you would make $100 dollars or 100% of your original margin. Forex trading is a very lucrative market to get into and it is suggested that traders new to forex trading trade a mini account for an extended amount of time. Trading a mini account is a low cost entry to the forex market, as only $300 is required to open an account. You can still make money while you become more experienced in forex trading. You can trade one mini lot until you have made your first $100 dollars then start trading 2 mini lots. As you gain more experience you can trade standard sized lots.

Forex trading is becoming increasing popular with traders of other financial products. It can be traded in amounts a lot smaller than other financial products, which makes learning forex trading safer than other markets. Forex trading can be a very lucrative market, which no trader can dismiss.

To get more information about the opportunities of forex trading please visit

<a rel="nofollow" href="http://www.ultimateforextrading.com/">www.ultimateforextrading.com.

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Wednesday, March 25, 2009

How To Win At Forex


Foreign currency exchange, the greatest game in the world with a daily trading volume of over a trillion and a half dollars (thirty times larger than the volume of all the U.S. equity markets combined), has it's share of winners and mostly losers. Do you want to learn how to be in the winners circle?

Like any game it's important to know the rules in order to win. You don't have to be a professional to enter the sport, but you should have a basic understanding of the game and how it's played. Most of this can be learned for free from the online brokerage houses who also give you free trading software so you can actually practice playing the game and gain your confidence and skills before plunking down your real cash in the big leagues.

As in any sport, the most important thing to do is practice before you actually play in the real game. I can't stress that enough. Practice, practice, practice makes perfect. The only thing it will cost you is your time. When you think your ready to step on the playing field, start small. Most brokers will allow you to start trading in mini accounts with as little as 300 dollars.

And now for what you've been waiting for, the secret to winning at Forex. You need to have a trading strategy. In other words you need to know what to look for and how to trade to make money. Work out a basic game plan you expect to follow and never let your emotions influence your trades. Rule number one is never to risk more than 2% of your account balance on any one trade. That way if you have a streak of bad luck you will not wipe out your account. Rule number two is that if you have a string of five loses in a row, stop trading real money and go back to demo trading until you have demonstrated success for at least a week. Only then do you go back to trading with real money. Rule number three is to employ strict trading rules that you stick to no matter what and do not trade wildly. If you preserve your capital from big risks you will allow it to grow steadily and consistently. Don't try to make a killing in a short time and you can reasonably expect to grow your account by 10% a month or more.

Remember to have fun with it and learn a little more each day. This could turn into a lifelong professional career.

Wishing you success, Edward Karniewicz

I hope you found this information useful. You can find more valuable information for free at www.4xtradingsecrets.com/p>

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Thursday, March 19, 2009

FOREX Trading - Not Just for the Big Boys


It seems that almost everyone is familiar with the stock market and many employees are actually invested in it because of their company's 401k. Everyday as part of the news report, we are always given the latest report on the Dow Jones or New York Stock Exchange. Yes, it has its ups and downs and we all know someone who has made large profits as well as devastating losses. The stock market can be very volatile. If there was a market you could trade in without as much of this volatility, had easy access and low cost, what would it be? FOREX.

FOREX (Foreign Exchange market) is the largest financial market in the world with almost $1.5 trillion traded daily. Compare that to $200 billion in the equity market. Basically, FOREX is the exchange where you can sell one country's currency for another. Let's say that you purchase British pounds and then after the pounds/dollar ratio goes up, you sell the pounds and buy more dollars. Until recently this market was only accessible by the major banks, large corporations and those with very large investments. Due to federal regulations, the Foreign Exchange market is no longer a monopoly which means you and I can also profit in this huge market.

Let's look at some of the benefits of FOREX trading.

Accessibility. 24 hours a day, 5.5 days a week. The currency exchange market is an over the counter market which means that there is not one specific location where buyers and sellers meet to exchange currencies. Transactions can be easily handled through websites designed for this purpose.

No exchange or commission fees. Unlike other markets where brokerage fees are incurred, the FOREX market is a worldwide inter-bank market. Trades can be made between the buyer and seller in an instant.

Low minimum Investment. For an initial investment of $300, you can start your FOREX account. This market requires less money to begin trading than any other market. This keeps your risk low.

These are just a few of the many advantages of the FOREX trading. Are you ready to jump into an exciting new adventure that can be very profitable? Can you imagine getting into this market and having someone train you for free? There is a free course currently being offered that will teach both beginners and experienced currency traders how to profit in this market. "FOREX Freedom" is the course you should check out if any of this sounds like the opportunity that you have been waiting for. It will guide you every step of the way.

Karen Kelley spent over 25 year in the computer technology field. She is now creating profitable websites with these principles. For more information and your free downloadable copy of "FOREX Freedom", please visit our web site. "http://www.fxtradingtoday.com.

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