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FR   .

Last updated: 7-28-11

BuiltWithNOF

Jeanne Bandy tells us about
Currency Trading

 

Let's look at the FOREX Market.....

What is FOREX?

Forex or FX is simply an acronym for Foreign Currency.

Forex refers to the foreign currency exchange market in which over 4,600 international banks and thousands of small and large speculators participate. This market currently is the largest financial market in the world. Everyday this worldwide market exchanges more than $1.9 trillion in dozens of different currencies. With the current growth rate the market is projected to grow to more than $2.0 trillion per day by the year 2006. This exciting and rapidly growing financial market provides the speculator with an opportunity to generate profits in the largest market in the world.

What kind of things move the Currency Market

In the currency market, traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from market news or events which take place around the world. Currencies, just like any other commodity that can be bought or sold, are subject to the laws of supply and demand. When more people want a particular currency, the cost of the currency in terms of other currencies will go up. When demand decreases or people do not want to hold a countryís currency, the value will go down.

What factors affect supply and demand for a currency?

Economic Growth
Investors want to be sure that they are investing in a solid economy that is achieving steady growth. Currency traders looking to assess the economic growth of a country will look at things like unemployment and trade, data.

Do Interest Rates affect currency trading?
Yes, Money tends to follow interest rates. If interest rates go up, money will flow into the country from all over the world as investors seek to capitalize higher returns. To determine whether interest rates will rise or fall, investors pay attention to economic inflation indicators as well as speeches by influential figures. Generally, the timing of interest rate moves are known in advance.

What about Political Stability?
Yes, Election turmoil, changes of government, high unemployment and international conflict all make investors cautious to put their money in a given country. Investors will watch for major news that comes out of a country.

WHY TRADE Foreign Currency?

The Forex market is the largest market in the world with nearly $2 trillion in transactions daily! In comparison, the New York Stock Exchange volume is approximately $30 billion a day.

When do you trade Foreign Currencies?

24 hours, 6 days per week- There is no waiting for an opening bell as in the case of trading stocks. Unlike equities, the currency market is a seamless 24-hour market. At 2:15 p.m. Sunday, New York time, trading begins as markets open in Sydney and Singapore. At 7 p.m. the Tokyo market opens, followed by London at 2 a.m., and finally New York at 8 a.m.

Is This Market a LIQUID Market?

With $1.9 trillion changing hands daily, the FX market is extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell. Whether it's 6 p.m. or 6 a.m., somewhere in the world there are always buyers and sellers actively trading foreign currencies.

What is Leverage?

Forex investors are permitted to trade foreign currencies on a highly leveraged basis - up to 100 times their investment. For example, an investment of $1,000 would permit a trade up to $100,000 of any particular currency.

Is there Opportunities in both rising and falling markets?

Trading currency allows traders to earn profits during rising and falling markets. One can just as easily sell a particular currency as buy because currencies trade in 'pairs.' Thus, when you buy a particular currency, you are actually simultaneously selling the other currency in that particular pair. As the market moves, one of the currencies will increase in value versus the other. Of course, it is up to you to choose to buy or sell.*

What are the transaction costs and commission fees?

In the currency market, you pay no commissions and no exchange fees because you deal directly with the market maker in a purely electronic online exchange, eliminating both ticket costs and middleman brokerage fees. There is still a cost to initiating the trade, but that cost is reflected in the bid/ask spread that is also present in all markets including futures or equities trading. Combined with the tight, consistent, and fully transparent spread, currency trading costs are lower than any other market.
 

How much money does it take to open a trading account?

Many brokerages do not allow you to invest in odd lots, but only in blocks of 100 shares at a time. With many stocks valued at between $30 and $200 that can mean an investment of $3,000 to $20,000, or more. But you can invest in foreign currencies for as little as a $300 USD deposit with mini-contracts. The smaller trade size enables you to take smaller risks. Mini-accounts are intended to introduce you to the excitement of currency trading while minimizing your risk. You can try out the demo account and paper trade or you can open up a mini-account right now and trade for real.

Is currency trading like trading in the stock market?

A trader in the Forex market is involved in selling or buying one currency against another. Thus, there is no correlation between the foreign currency market and the stock market. A bull market or a bear market for a currency is defined in terms of the outlook for its relative value against other currencies. If the outlook is positive, we have a bull market in which a trader profits by buying the currency against other currencies. Conversely, if the outlook is pessimistic, we have a bull market for other currencies and traders take profits by selling the currency against other currencies. In either case, there is always a good market trading opportunity for a trader.

Is Trading Forex right for technical traders?

The strong trends that foreign currencies develop are a significant advantage for technical traders. Unlike stocks, currencies rarely spend much time in tight trading ranges and have the tendency to develop strong trends. Over 80 percent of volume is speculative in nature and, as a result, the market frequently overshoots and then corrects itself. A technically trained trader can easily identify new trends and breakouts, which provide multiple opportunities to enter and exit positions.

So is 200 to 1 leverage on your Investment Capital right for you?

This may be the opportunity you have been waiting for.

This educational opportunity to learn a lifetime skill, to study from the comfort of your own home, To learn at your own pace, may be the program you have been waiting for....

Learn form one of the top economists in the world today...

Our approach to learning is simple: learn how to trade from people who trade. FX Traderís Chief Economist and instructor Zoltan Vass, who has years of experience, along with our other esteemed instructors, have specifically designed this Course based upon their experience trading in the Forex market.

How is the training presented?
FX Trainerís Course is designed to immerse and engage all students in the curriculum being taught. The multimedia approach teaches you to use all your senses to learn how to trade. Live online workshops and access to instructors are just two of many tools available to help maximize your potential.

When are the classes available?
FX Trainer has designed this interactive learning center to enable learning 24 hours a day, 7 days a week. The purpose is to give you the proper training and the opportunity to study at your own pace.

Money-back Guarantee
If you are not completely satisfied with the Course, you can cancel within 10 days of purchase or before you take the first module test.

For more information contact.... Jeanne Bandy  jdlk@verizon.net

Below in a link to my FX Trainer web-site so that you can get a bit more information about the program, I am sure happy with the training and what I have accomplished this past year trading foreign currency.

go to http://gne.fxtrainer.net

First click on FOREX Presentation, and watch about a 10 minute slide show narrated by Jason Goldsmith, VP at FX Trainer. Clicking to advance each new slide.

Then scroll down to the COURSE PREVIEW and click for a trial offer, on the next page you will register for a temporary pass code, you should receive it in a few minutes. When you receive it by email you need to click DEMO LOGIN and use your email address as your user name and the pass code you receive.

Next, when you get to the Interactive Learning Center, click on Section 3, What is the Forex Market? Lesson 1, Listen to all 9 Flash Videos....go back to Section 3, click on Lesson 2, listen to 5 Flash Videos, go back to Section 3, click on Lesson 3, Key Players in the Market, there are 3 more flash videos. This will give you an idea of how the Interactive Learning Center works, this is one format of Education offered by FX, a learn, as you have time, method, you also receive a manual, for those who can read and learn. AND, there are web-cast training seminars and live classroom training available in British Columbia. A very user friendly, comprehensive training program. (This is the Intermediate Training Course and an Advanced Course is also available.)

When you have finished the introductory presentation, please contact me at jdlk@verizon.net I look forward to hearing from you soon.

Jeanne

 

 

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