forex for you

Thursday, June 17, 2010

The Forex Market

The first thing that is going to remind anyone of the Forex market is that it allows people the opportunity to trade round the clock and in an almost entirely seamless manner as well. This means that as long as there is liquidity you can trade from Sunday, 5:15 PM EST until Friday till four in the evening EST. This ability to trade throughout the week gives people trading in currencies an excellent chance to customize their trading schedules and it is also possible to trade without having to worry about the opening bell or having to deal with market gaps.

No Commissions Charged

Another major advantage of dealing with the Forex market is that you do not have to pay any commissions and your costs are mostly limited to your bid/ask spread. There are no commissions to be paid and nor do you have to pay extra transaction fees and you can also trade on spreads that come to you from the leading banks in the world via the Forex Trading Station.

There is also a major difference between the Forex market and the equity market in that when you deal in foreign exchange you do not face any kind of restriction on short sales – and this is possible regardless of the direction in which the Forex market is moving.

Information related to the Forex market is generally limited to just six major currencies and all information regarding these currencies is readily available to the public in the form of public dissemination of government reports as well as from research institutions and everyone can easily tap this source of information.

At the same time, entering the Forex market means having to accept a higher level of risk and so you need to be careful about this particular form of trading because the high risk can work against you; though it can also work for you. To get the best out of the Forex market requires that you first identify your investment goals, your experience in forex trading and your appetite to accept risks.

Given the fact that there is a greater possibility of losing your money in the Forex market you must always ensure investing only that much money as you can afford to lose. That being said, the forex capital market still offers the best investment opportunities that cannot be found elsewhere. This is why there has been tremendous growth in this market over the last decade and it is estimated that presently volumes of trade in the forex market reach as much as two trillion US dollars on a daily basis.

Forex - EUR/USD jumps after US jobs report, testing 1.24 - Forex Pros

Forex - EUR/USD jumps after US jobs report, testing 1.24
Forex Pros
Forex Pros – The euro extended gains versus the US dollar on Thursday, testing the 1.24 mark in the wake of disappointing US jobs data and as fears over …
FOREX, COMMODITIES, STOCKS OUTLOOK June 17th: Cliff's 2 Minute D rill 10:30 GMTBenzinga
Forex - USD/JPY slides after US jobs data, hitting new daily lowForex Pros
FOREX, COMMODITIES, STOCKS OUTLOOK June 17th: News, Analysis Trades 10:30 GMTBenzinga
FXMarketAlerts.com -NASDAQ -istockAnalyst.com (press release)
all 244 news articles »

FOREX: Bad Credit Not an Obstacle to Trading on Margin

Understanding Forex margin is essential if you plan on getting involved in trading the market. Brokers will extend margin to you in your trading account unit you have bad credit. Here are a few things to consider about how and why they do this.

Forex Margin

Whenever you open a Forex account, the broke are is going to give you the ability to trade with margin. Whenever you open a standard account, you will typically get 100 to 1 margin. Whenever you open a mini account, you will be able to get margin that is 200 to 1. The broker is not going to check your credit or look at anything else in order to determine if they extend this margin to you.

Reasoning

The reason that Forex brokers extend large amounts of margin to every customer is because that it is necessary in order to profit from this market. When you are trading the Forex market, you are hoping to take advantage of very small movements in the exchange rate between two currencies. The exchange rate is only going to move a fraction of a percent in most cases. If you are going to take advantage of these movements, you have to be able to control large amounts of money.

Best FOREX Trading Hours

When looking at the available FOREX hours to trade, you will quickly realize that you can trade 24 hours a day. However, that does not necessarily mean that conditions are always the same. Here are a few things to consider about the best FOREX trading hours.

London Session

The best time to trade the FOREX market is from 8:00 GMT to 16:00 GMT. The reasoning behind this is that this is when the London FOREX market is open and trading strong. They open at 8:00 GMT and they keep trading for the next eight hours. Even though you can trade from anywhere in the world, there are certain trading centers that a large portion of trading activity takes place in. The London session is the largest FOREX trading session in the world. Because of this, there is an unusually high amount of volume at that time. This means that you will have some nice movements in the market as well as great liquidity. You will not have any trouble getting your orders filled at a fair price.

Overlap

In addition to this, the New York session will start during the middle of this time. When this happens, you have two sessions overlapping with many traders involved in the market.

Sunday, April 25, 2010

Raina, Dhoni star in Chennai triumph

Ms Dhoni has added another feather to his captaincy hat. It was he who started the turnaround against a formidable Mumbai Indians attack, his deputy Suresh Raina capitalised on two dropped catches to score a crucial fifty, and Chennai Super Kings defended with aggression, smartness and flair to win the third IPL. Chennai were struggling at 68 for 3 after 12 overs when Dhoni got into the act: 100 runs were added in the last eight, and Raina scored 44 at a strike-rate of 200 after the first drop. The win concluded a fourth consecutive one-sided knockout in the tournament.

Ever since R Ashwin started the defence with a maiden over, Mumbai never really threatened Chennai. Sachin Tendulkar, playing with a split webbing, played his least fluent innings of the tournament, scoring a laboured 48 off 45. Mumbai tried some strange moves: promotions for Abhishek Nayar and Harbhajan Singh bombed, and even at the fall of the fifth wicket, with 69 required off 31, Kieron Pollard was not the man making his way out of the dugout.

There were no problems with tactics for Chennai: they went with the old-fashioned approach of keeping wickets in hand, never mind the slow start, and with M Vijay breaking free, had reached a perfectly acceptable 40 for no loss at the end of Powerplay. Dilhara Fernando brought Mumbai back, removing Vijay with his split-finger slower ball in the eighth over. Pollard ended Matthew Hayden's 31-ball 17-run misery, and S Badrinath holed out in the 12th over.

Dhoni left alone the first ball he faced, was beaten by a legcutter after that, was almost bowled the next ball, and worked a single to end that testing Fernando over. Mumbai can file for lack of sufficient warning for what was to come next. The first ball Dhoni faced from Pollard he charged down and hit him into the second tier - with one hand. The next ball Pollard ran in and didn't let go, stares were exchanged, and Tendulkar rushed in to apologise to the batsman: it was the second time Pollard had done this in his 2.1 overs. Dhoni's bat spoke emphatically, though, with a punch for four to end the over.