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Forex News: U.S. Dollar and U.S. Housing Both Drop

Just days ago the U.S. dollar dropped greatly after a report was released that showed United States housing decreasing to its lowest level in fourteen years as of last month. This is also one more concern for the U.S. economy, considering that the drop in housing can have a great effect on how quickly it progresses.

If the housing market is not strong and the U.S. economy continues to move slowly, Federal Reserve policy-makers may have to be informed in order to reduce benchmark interest rates once again. The current rate is 4 & 3/4 percent, and the Federal officials will meet at the end of this month to discuss the changes.

"The U.S. housing market is going to continue to be a significant drag on the overall U.S. economy, and the U.S. dollar is going to weaken as a result," mentioned Firas Askari. Askari is the top forex trader at BMO Capital Markets of Toronto.

"The Federal Reserve is more likely to be easing rates, maybe not on Oct. 31, but definitely within the next three to six months," Askari said.

Late this morning, forex trading in New York showed the euro increasing to 0.4% higher than before with a value of 1.4215 U.S. dollars. The dollar index, unfortunately, dropped 0.35% to 78.057. Stay posted for more upcoming Forex news in relation to the value of the U.S. dollar.

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An introduction to forex

Foreign exchange trading, is growing (aka foex) every year. It has even become as popular (if not more) as the stock market. Forex traders are also discovering small fortunes every day. If you are new to Forex, at first you might find it a bit confusing. Read this guide to learn about Forex and automated Forex.

forex

What is Forex?

Forex is ttrading various currencies from around the world. The Forex trading started way back in the 1970s. In recent years it has caught on like a virus in the stock market world. Forex trading is recorded to have transactions grossing about USD $1.5 trillion in transactions daily!

The aim of forex trading

The aim of Forex trading is to make profit with increasing or decreasing currency prices. A trade is place when you expect the value of a specific currency to increase. In a currency pair, when the currency you buy increases, you must sell the other currency to make a profit. An open trade, or open position, this a trade in which you have already bought or sold a currency pair, but have not yet bought back an the same amount. The five most popular currency pairs in Forex at the moment are USD/Yen, Euro/Yen, Pound/USD, Swiss franc/USD, and the Euro/USD.

How to get started forex trading

To start Forex trading, you will have create an account through a Forex broker. Then, you will need to a Forex trading strategy that works best for you. The strategy you intend to use should be tested using a practice account if possible, before you start investing real money. This will enable you to become familiar with Forex trading without any risk to you.

Good points to forex trading

Forex trading offers more great chances of short-term profits than the stock market because money prices go up and down fast. The trading periods open an close in secons, so money is made quickly. Forex trading is also easier to manage than the stock market because you are only keeping up with currencies, not hundreds or thousands of companies.

Bad points to Forex trading

Trading can be riskier than the stock market. Because you can loose money instantly. Forex trading also requires monitoring throughout the day to enjoy maximum benefits. If you dont monitor it you could loose a lot.

CONCLUSION

With a Forex trading system called Automated Forex, you can now trade with out monitoring. Automated Forex works usin a special trading software. The software system uses daily charts to analyze trends in Forex 24 hours a day. Before using real money always use a dummy account to get a feel for trading forex.

In order to succeed successfully in forex trading you need to know what the purpose of trading forex is. Forex trading as you know is the trading of online currency and the key to success is to buy low and sell high just as with any other market. You task as a forex trader is to try to determine the trend of the particular currency you are looking to either buy or sell and to utilise the forex trading strategies to ensure that a profit is made.

Now that you know the purpose of forex trading the next step in knowing all about forex is to understand the codes, definitions and numbers used when trading. All currencies used in forex trading are assigned a three letter code. An example of this is the US dollar which is USD or the Euro EUR. Online currency trading is done in combinations that are known as a cross and these are represented by 6 letter words with the more expensive currency coming first. An example of this is GBPUSD which will show you how many US Dollar you will need to pay for one British pound. These rates are shown as five digit numbers for example GPBUSD = 1.6262 which means that 1 British pound is worth 1.6262 US dollars. When the rate changes the change will be displayed in bold, eg GPBUSD = 1.6264 which will mean that the rate has moved by 2 points. Knowing this is the key to successful forex trading and your key to profit.

When you enter the forex trading market you will enter as a buyer or a seller of a particular currency. If you are a seller you price is known as the ASK price and the buyers price is known as the BID. You can only buy currency from a seller with an asking price the same as the BID price.

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Learn Forex Trading today and trade the Forex market on a daily basis.Trading the Forex are one of the most exciting and rewarding markets to trade today

The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th,

This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S.dollars. One year later, the Forex rate was 1.2083

which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position. However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency. Accurate Forex Trading Signals - Forex directory foreign exchange broker currency forex brokers forex news forex charts fx quotes forex charts forex quotes forex news currency. Cambridge Mercantile Corp. - Foreign exchange technology, global payment services Currency Trading with FXCM, the leader in online currency trading, provides real-time execution, AceTrader - trade signals on the majors, updated six times/day. Trade signals with stops and profit objectives, plus in depth technical analysis and wave analysis.
K.B. Advisory Ltd - Daily FX forecasts and trade signals for professional FX traders .Most Forex Day Traders rely heavily on technical analysis and may use fundamental analysis to support their trading strategy. A major advantage of technical over fundamental analysis is that it can be applied to many different markets and currencies at the same time. Fundamental analysis requires in-depth knowledge of the political and economic conditions of a certain country; therefore it is less likely that any one trader can do proper fundamental analyses on more than a few countries. The beginner trader may be put off by the seeming complexity of technical analysis and wonder if it is necessary for Forex trading. As with any investment, Forex trading requires a strategy. Although any strategy is possible, technical analysis is a proven method for predicting movements in the Forex. Does that mean it's a sure thing? Nothing is 100% certain, and currency prices are affected by a variety of forces. This is why many traders use a combination of technical and fundamental analysis to plot their trading strategies

Many Beginner Forex Traders are looking for easily obtainable forex trading information to educate themselves in the trading of Forex. The purpose of this website is to provide a better understanding of the Foreign Currency Exchange market.Every Forex online broker should provide access to a wide variety of charts for technical analysis. Some charting software is available free of charge while in-depth professional charts may carry a monthly fee. Charts can be viewed by various time scales and provide detailed information about price movements as well analytical overlays. Charts can be zoomed in to the tick level or zoomed out to see the broad picture over a period of months or years. Charts are updated in real time

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Monday, September 15, 2008

Tuesday, August 26, 2008

Forex News: U.S. Dollar and U.S. Housing Both Drop

Sunday, August 24, 2008

Thursday, August 21, 2008

All About fOREX

Saturday, March 1, 2008

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