| |
daily forex Article
Below,
you'll find extensive information on leading daily forex articles
and products to help you on your way to success.
Forex Profits
By Anthony Trister, Thu Dec 8th
The Forex Market—What, When and Why? Forex, FX and the Forex market are some common abbreviations forthe Foreign Exchange market. Actually it is the largestfinancial market in the world, where money is sold and boughtfreely. In its present condition the Forex market was launchedin the seventies, when free exchange rates were introduced, andonly the participants of the market determine the price of onecurrency against the other proceeding from demand and supply. Asfar as the freedom from any external control and freecompetition are concerned, the Forex market is a perfect market. With a daily turnover of over trillions of dollars, the ForeignExchange market conducts more than three times the aggregateamount volume of the United States Equity and Treasury marketscombined. The Forex market is an over-the-counter market wherebuyers and sellers conduct foreign exchange business usingdifferent means of communication.
Unlike other financial markets, the Forex market has no physicallocation or central exchange. Since the Forex market lacks aphysical exchange, the market trades continuously on a 24-hourbasis, moving from one time zone to the next, across each of theworld’s major financial centers every day. Trillions of dollarsof foreign exchange activity takes place every day. From 1997 tothe end of 2000, daily forex trading volume surged approximatelyfrom US$5 billion to US$1.5 trillion and more (according tovarious recent studies it has touched $1.7 trillion per day anddwarfs all other markets for trading in size and volume). It isreally difficult, if not impossible; to determine an absolutelyexact number because trading is not centralized on an exchange.But one thing is for sure that the Forex market continues togrow at a phenomenal rate. Before the advent of Internet and ecommerce, only bigcorporations, multinational banks and wealthy individuals couldtrade currencies in the Forex market through the use of theproprietary trading systems of banks. These systems required asmuch as US$1 million to open an account. Thanks to advancementsin online technology,
REG-MW TOPS GLOBAL ALPHA GBP SHARES: Index Levels and Weightings <IEB52F6F4.I>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.reuters.com/article/idUS139288+03-Sep-2010+HUG20100903" style="font-size:1.2em">REG-MW TOPS GLOBAL ALPHA GBP SHARES: Index Levels and Weightings <IEB52F6F4.I></a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">MW TOPS GLOBAL ALPHA INDEX (the "INDEX") INDEX LEVEL AND INDEX WEIGHTINGS The index level and weightings of each of the undermentioned three currency lines of the Index as at the close of business ...</div>
</div>
British Pound Testing Channel Resistance
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010/09/03/ewaves_oil.html" style="font-size:1.2em">British Pound Testing Channel Resistance</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">No change: ?The British Pound has not found the support that the Euro has enjoyed. Watch the channel for support as well as 15250 and 15125. The pattern of the decline from 16000 is not clear-so ...</div>
</div>
Bullish Pressure Building on CurrencyShares British Pound Sterling Tr; FXB
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.learningmarkets.com/News-Feed/2010090344187/bullish-pressure-building-on-currencyshares-british-pound-sterling-tr-fxb.html" style="font-size:1.2em">Bullish Pressure Building on CurrencyShares British Pound Sterling Tr; FXB</a>
<br> <span style="color:#888888;">Learning Markets</span> - <span style="white-space:nowrap">11 hours ago </span>
<div style="width:80%;">CurrencyShares British Pound Sterling Tr (FXB) [Chart - Analysis - News] lost some ground during trading yesterday, but it appears there is some bullish pressure building up in the background ...</div>
</div>
Great British Pound (GBP) Technical Major Currencies (2010-09-03)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/48995/20100903/great-british-pound-gbp-technical-major-currencies-2010-09-03.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-09-03)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">14 hours ago </span>
<div style="width:80%;">The pair continues to trade within the short-term descending channel, where another subsidiary deprecating channel is forming that is keeping the negative pressures on the pair's trading, which is ...</div>
</div>
Great British Pound vs. Japanese Yen (2010-09-03)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/48972/20100903/great-british-pound-vs-japanese-yen-2010-09-03.htm" style="font-size:1.2em">Great British Pound vs. Japanese Yen (2010-09-03)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">15 hours ago </span>
<div style="width:80%;">The GBP/JPY pair is still building a base to be able to breach the key resistance of 130.50 and whilst the uptrend line which carries the upside momentum still hold. Consequently, we keep our ...</div>
</div>
UK Economy Cooling; Pound Downside Target Remains 1.5113
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexhound.com/article/Pattern_Price_Time/Analysis/UK_Economy_Cooling_Pound_Downside_Target_Remains_15113/234427" style="font-size:1.2em">UK Economy Cooling; Pound Downside Target Remains 1.5113</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">18 hours ago </span>
<div style="width:80%;">Concerns over a slowdown in UK manufacturing growth and mortgage market worries helped pressure the British Pound. Sterling investors seem to be pre-occupied lately over the new austerity measures ...</div>
<a href="http://www.economy-news.co.uk/british-pound-03201009.html">Exchange rates: Service data pressures the British Pound</a> - <span style="color:#888888">Economy News</span><br>
</div>
Forex: GBP/USD rises to 1.5425, intra-day high
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=989db3d3-27f6-47f7-a33c-5f8e7d2ec68e" style="font-size:1.2em">Forex: GBP/USD rises to 1.5425, intra-day high</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">19 hours ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - The British Pound edged up against the Greenback overnight, moving further away from a 1-month low at 1.5325 reached on Aug 31. The upmove hit an intra-day high at 1 ...</div>
</div>
British Pound Forecast to decline Against Japanese Yen
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/ssi/gbp-jpy/2010/09/02/ssi_gbp-jpy.html" style="font-size:1.2em">British Pound Forecast to decline Against Japanese Yen</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 2, 2010 </span>
<div style="width:80%;">GBPJPY ?The ratio of long to short positions in the GBPJPY stands at 2.04 as nearly 67% of traders are long. Yesterday, the ratio was at 1.46 as 59% of open positions were long. In detail, long ...</div>
</div>
British Pound Decline May Extend Below 15000
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010/09/02/British_Pound_Decline_May_Extend_Below_15000.html" style="font-size:1.2em">British Pound Decline May Extend Below 15000</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 2, 2010 </span>
<div style="width:80%;">The pattern of the decline from 16000 is not clear-so the decline is probably not complete. One possibility is a double zigzag. The 2 legs would be equal at 14980, which is defended by the July ...</div>
</div>
British Pound Under Pressure Amid IMF Debt Concerns, Weak Housing Data
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2010/09/02/British_Pound_Under_Pressure_Amid_IMF_Debt_Concerns.html" style="font-size:1.2em">British Pound Under Pressure Amid IMF Debt Concerns, Weak Housing Data</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 2, 2010 </span>
<div style="width:80%;">During the overnight trade, the IMF warned that Portugal, Italy, and Greece are amongst the countries with the highest risk of unsustainable debt, while also adding that UK's debt to GDP could ...</div>
</div>
today investors with only a few thousanddollars can have access to the Forex market 24 hours a day andaround 5 ½ days of a week. The Forex market is a nonstop cash market where currencies ofnations are traded, typically via brokers called forex brokers.Foreign currencies are constantly and simultaneously bought andsold across local and global markets while traders increase ordecrease value of an investment upon movements. Foreignexchange market conditions can change at any time in response toreal-time events so it is also considered to be a highlyvolatile and fragile market too. Conditions of the Forex marketnever remain the same they changes every second. The foreign exchange market dwarfs the combined operations ofthe New York, London, and Tokyo futures and stock exchanges.According to its size and scope it is many times larger than allother markets. Stats shows that spot transactions and forwardoutright Forex trading take place in the inter-bank market. 51%of the market is in spot Forex transactions, followed by 32% incurrency swap transactions. Forward outright Forex transactionsrepresent another 5% of this daily turnover, with options on‘interbank’ Forex transactions making up another 8%. Thereforethe inter-bank market accounts for 96% of the global foreignexchange market, with the remaining 4% being divided among allthe global futures exchanges. For traders, Forex trading provides an alternative to stockmarket trading. While there are thousands of stocks to choosefrom, there are only a few major currencies to trade (theDollar, Yen, British Pound, Swiss Franc, and the Euro are themost popular). Forex trading also provides a lot more leveragethan stock trading, and the minimum investment to get started isa lot lower. Add to that the ability to choose flexible tradinghours (forex trading goes on 24 hours a day) and you have thereason why so many stock traders have flocked to day tradecurrencies.
About the author:Anthony Trister is a trader and is an owner ofOneDayTrades which offers free, mechanical forex signals and anautomated trading program for those wanting to trade forex. Freeaccess available here: http://www.onedaytrades.com
|
|
|
We strive
to provide only quality articles, so if there is a specific topic
related to currency that you would like us to cover, please
contact us at any time.
And
again, thank you to those contributing daily to our daily forex
website.
REG-MW TOPS GLOBAL ALPHA GBP SHARES: Index Levels and Weightings <IEB52F6F4.I>
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.reuters.com/article/idUS139288+03-Sep-2010+HUG20100903" style="font-size:1.2em">REG-MW TOPS GLOBAL ALPHA GBP SHARES: Index Levels and Weightings <IEB52F6F4.I></a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">5 hours ago </span>
<div style="width:80%;">MW TOPS GLOBAL ALPHA INDEX (the "INDEX") INDEX LEVEL AND INDEX WEIGHTINGS The index level and weightings of each of the undermentioned three currency lines of the Index as at the close of business ...</div>
</div>
British Pound Testing Channel Resistance
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010/09/03/ewaves_oil.html" style="font-size:1.2em">British Pound Testing Channel Resistance</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">No change: ?The British Pound has not found the support that the Euro has enjoyed. Watch the channel for support as well as 15250 and 15125. The pattern of the decline from 16000 is not clear-so ...</div>
</div>
Bullish Pressure Building on CurrencyShares British Pound Sterling Tr; FXB
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.learningmarkets.com/News-Feed/2010090344187/bullish-pressure-building-on-currencyshares-british-pound-sterling-tr-fxb.html" style="font-size:1.2em">Bullish Pressure Building on CurrencyShares British Pound Sterling Tr; FXB</a>
<br> <span style="color:#888888;">Learning Markets</span> - <span style="white-space:nowrap">11 hours ago </span>
<div style="width:80%;">CurrencyShares British Pound Sterling Tr (FXB) [Chart - Analysis - News] lost some ground during trading yesterday, but it appears there is some bullish pressure building up in the background ...</div>
</div>
Great British Pound (GBP) Technical Major Currencies (2010-09-03)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/48995/20100903/great-british-pound-gbp-technical-major-currencies-2010-09-03.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-09-03)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">14 hours ago </span>
<div style="width:80%;">The pair continues to trade within the short-term descending channel, where another subsidiary deprecating channel is forming that is keeping the negative pressures on the pair's trading, which is ...</div>
</div>
Great British Pound vs. Japanese Yen (2010-09-03)
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.ibtimes.com/articles/48972/20100903/great-british-pound-vs-japanese-yen-2010-09-03.htm" style="font-size:1.2em">Great British Pound vs. Japanese Yen (2010-09-03)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">15 hours ago </span>
<div style="width:80%;">The GBP/JPY pair is still building a base to be able to breach the key resistance of 130.50 and whilst the uptrend line which carries the upside momentum still hold. Consequently, we keep our ...</div>
</div>
UK Economy Cooling; Pound Downside Target Remains 1.5113
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.forexhound.com/article/Pattern_Price_Time/Analysis/UK_Economy_Cooling_Pound_Downside_Target_Remains_15113/234427" style="font-size:1.2em">UK Economy Cooling; Pound Downside Target Remains 1.5113</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">18 hours ago </span>
<div style="width:80%;">Concerns over a slowdown in UK manufacturing growth and mortgage market worries helped pressure the British Pound. Sterling investors seem to be pre-occupied lately over the new austerity measures ...</div>
<a href="http://www.economy-news.co.uk/british-pound-03201009.html">Exchange rates: Service data pressures the British Pound</a> - <span style="color:#888888">Economy News</span><br>
</div>
Forex: GBP/USD rises to 1.5425, intra-day high
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=989db3d3-27f6-47f7-a33c-5f8e7d2ec68e" style="font-size:1.2em">Forex: GBP/USD rises to 1.5425, intra-day high</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">19 hours ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - The British Pound edged up against the Greenback overnight, moving further away from a 1-month low at 1.5325 reached on Aug 31. The upmove hit an intra-day high at 1 ...</div>
</div>
British Pound Forecast to decline Against Japanese Yen
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/ssi/gbp-jpy/2010/09/02/ssi_gbp-jpy.html" style="font-size:1.2em">British Pound Forecast to decline Against Japanese Yen</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 2, 2010 </span>
<div style="width:80%;">GBPJPY ?The ratio of long to short positions in the GBPJPY stands at 2.04 as nearly 67% of traders are long. Yesterday, the ratio was at 1.46 as 59% of open positions were long. In detail, long ...</div>
</div>
British Pound Decline May Extend Below 15000
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010/09/02/British_Pound_Decline_May_Extend_Below_15000.html" style="font-size:1.2em">British Pound Decline May Extend Below 15000</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 2, 2010 </span>
<div style="width:80%;">The pattern of the decline from 16000 is not clear-so the decline is probably not complete. One possibility is a double zigzag. The 2 legs would be equal at 14980, which is defended by the July ...</div>
</div>
British Pound Under Pressure Amid IMF Debt Concerns, Weak Housing Data
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2010/09/02/British_Pound_Under_Pressure_Amid_IMF_Debt_Concerns.html" style="font-size:1.2em">British Pound Under Pressure Amid IMF Debt Concerns, Weak Housing Data</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 2, 2010 </span>
<div style="width:80%;">During the overnight trade, the IMF warned that Portugal, Italy, and Greece are amongst the countries with the highest risk of unsustainable debt, while also adding that UK's debt to GDP could ...</div>
</div>
An abbreviation of foreign exchange
|
