Forex Trading

Foreign exchange market, or better known as FOREX, is the world's largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific currency exchange market, FOREX is the center stage where a vast majority of the currency trading or FOREX trading takes place, with a total daily turnover of currency worth more than $1.2 trillion.

For having such an enormous sum of total turnover everyday, FOREX can be considered as a liquid market ideal for Forex trading. Unlike many other securities, FOREX does not trade on a fix exchange rate, instead, currencies are traded primarily between central banks, commercial banks, non-banking international corporation, hedge funds, private investors and not to forget, speculators. Previously, smaller investors are precluded from trading in FOREX due to the large amount of deposit required. However, until the recent years, with the continuous growing of Internet and the rise of competitions, smaller investors can now trade in FOREX as the requirement to trade in FOREX has been amended.

Truthfully, there are a few factors why FOREX trading is starting to attract more and more medium and smaller sized investors. One of the main reasons is due to the fact that FOREX trading operates at 24 hours per day, 5 days per week. In addition to that, unlike the old days where trading is done only through telephone, it can now be done...

The full article available at http://www.forex.labuan.net/Forex-trading.html

Alvin Han is the editor of http://www.forex.labuan.net

In The News:


Jordan's mufti issues fatwa against electronic currency trading
Monsters and Critics.com - 4 hours ago
... the trading of currencies on the internet after scores of citizens went bankrupt, suffering big losses in currency trading with foreign markets. ...

Forex – Currency Trading Absentee
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Total currency trading volumes reached a record $8.5 billion yesterday, compared with daily trading of about $3 billion to $4 billion, said Denis Uvchukhov, ...
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KBS

Gov't to Ease Foreign Currency Trading Rules
KBS, South Korea - Sep 5, 2008
Most forms of personal foreign currency trading under ten-thousand dollars will be permitted starting next year. The Ministry of Strategy and Finance said ...

Turkish Press

Land Of The Rising Yen
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It is the single European currency that is guiding this latest bout of yen strength: with investors losing confidence in the euro area, capital flows are ...
Yen Rises Against Euro, Dollar on Deepening Recession Concerns Bloomberg
Yen rallies as PM Fukuda resigns The Age
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Mexico's Peso Declines for Second Week on Oil, Global Slowdown
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... for global growth,'' said Omer Esiner, a senior market foreign-exchange analyst at Ruesch International Inc., a currency trading company in Washington. ...
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Sofia News Agency

European Trading Glum Amid Drop In Commodities
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In the currency markets, the dollar gained strength against most of its rivals, following the decisions of both the European Central Bank and the Bank of ...
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Euro falls against dollar to US$1.4418 International Herald Tribune
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3 News NZ

NZ dollar takes a bath in choppiest trading in years
New Zealand Herald, New Zealand - Sep 5, 2008
"It's pretty much consistent with what we're seeing across the rest of the forex market," said Royal Bank of Canada currency strategist Sue Trinh. ...
Kiwi dollar slumps Stuff.co.nz
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Hindu Business Line

NSE currency futures trade drifts to realistic levels
Hindu Business Line, India - 22 hours ago
“At present, banks are using currency derivatives only for proprietary trading. One will see real liquidity once customers start accessing the markets. ...

AFP

US Shares End Trading Week Mixed
Newsroom America, New Zealand - 19 hours ago
In currency trading, the dollar gained against the euro and traded flat against the yen, while the price of gold fell 40 US cents to be worth US$802.80 an ...
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currency trading - Google News


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