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The Difference Between Currency Futures And The Forex Market
By Ben Needles
Well, you already know that the word refers to the monetary unit used in countries to buy goods and services (or pay taxes like in the USA). And we are also aware of the fact that trading refers to the purchasing and selling of these currencies. To say that there are nearly as many currencies in the world as there are countries is a fairly safe assumption. But when it comes to discussing futures versus the Forex market, the most targeted currencies for investment purposes are:
* United States dollar
* British Pound (sterling)
* The Euro
* Japanese Yen
Since the markets have become extremely popular with investors, and since they are predominantly a day-trade oriented market, they exhibit an extremely high volume of trading (contracts) and equally high amount of liquidity. The factors of high volume and liquidity entice the participation of all types of traders such as:
* Banks
* Financial and non-financial companies
* Governments
* Individual day traders
There are a number of ways in which to trade currencies but even non-traders are familiar with the most obvious one, namely trading your for that of the country that you are vacationing in. Usually, travelers will use a broker, in this case one of the countrys banks, to exchange their currency. When the transaction is done, it is considered to be part of the exchange market. Where the serious investor or professional trader is concerned, this form of exchange is not acceptable.
Forex (FOReign EXchange)
The Forex Exchange is one of the most popular and highly trafficked venues of trading the actual exchange rates of two currencies in the industry, and the Euro to United States dollar gets a lot of attention in the Forex market. The exchange is usually listed as EUR/USD,
Weekly Review and Outlook: USD/JPY Weakened on Dimmer Recovery Outlook and Falling Treasury Yield, Euro Losing Momentum
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=119085:weekly-review-and-outlook-usdjpy-weakened-on-dimmer-recovery-outlook-and-falling-treasury-yield-euro-losing-momentum&catid=140:market-overview" style="font-size:1.2em">Weekly Review and Outlook: USD/JPY Weakened on Dimmer Recovery Outlook and Falling Treasury Yield, Euro Losing Momentum</a>
<br> <span style="color:#888888;">Action Forex</span> - <span style="white-space:nowrap">8 hours ago </span>
<div style="width:80%;">Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 ...</div>
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Euro Rises for First Time in Eight Months as Sovereign-Debt Concern Eases
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<a href="http://www.bloomberg.com/news/2010-07-31/euro-rises-for-first-time-in-eight-months-as-sovereign-debt-concern-eases.html" style="font-size:1.2em">Euro Rises for First Time in Eight Months as Sovereign-Debt Concern Eases</a>
<br> <span style="color:#888888;">Bloomberg</span> - <span style="white-space:nowrap">20 hours ago </span>
<div style="width:80%;">By Catarina Saraiva - Sat Jul 31 04:00:37 UTC 2010 The euro rallied against the dollar for the first time in eight months as concern eased that the 16- nation region's sovereign-debt crisis will ...</div>
<a href="http://www.businessweek.com/news/2010-07-31/euro-rises-for-first-time-in-eight-months-as-debt-concern-eases.html">Euro Rises for First Time in Eight Months as Debt Concern Eases</a> - <span style="color:#888888">BusinessWeek</span><br>
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Comprehensive FX and Futures Daily Commentary
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<a href="http://www.fxstreet.com/technical/analysis-reports/technical-research/2010-07-30.html" style="font-size:1.2em">Comprehensive FX and Futures Daily Commentary</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Jul 30, 2010 </span>
<div style="width:80%;">by FastBrokers Research Team The EUR/USD is consolidating above 1.30 as the EUR/GBP moves lower, indicating the Euro is exhibiting a relative weakness today. Weakness in the Euro currency comes as ...</div>
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Euro Approaches 11-week Peak in New York Trading
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyforex.com/news/2010/07/_5561_dailyforex-news_Euro_Approaches_11_week_Peak_in_New_York_Trading.aspx" style="font-size:1.2em">Euro Approaches 11-week Peak in New York Trading</a>
<br> <span style="color:#888888;">DailyForex</span> - <span style="white-space:nowrap">Jul 30, 2010 </span>
<div style="width:80%;">The common currency Euro rose versus the US Dollar in early morning trading in New York, striking the highest level in more than 2 months. As reported at 9:10 am (EST), the euro traded at $1.3077 ...</div>
<a href="http://imarketnews.com/?q=node/17317">TheFXSpot: Euro, Other Currencies Push Higher Vs. the Dollar As US Yields Slip</a> - <span style="color:#888888">IMarketnews.com</span><br>
<a href="http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Weak_Outlook_for_US_Economy_Pressure_Dollar/224794">Weak Outlook for US Economy Pressure Dollar</a> - <span style="color:#888888">Forex Hound</span><br>
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Dollar Struggles Ahead of 2Q GDP ? Fed Maintains Dovish Outlook
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2010-07-29-1940-Dollar_Struggles_Ahead_of_2Q.html" style="font-size:1.2em">Dollar Struggles Ahead of 2Q GDP ? Fed Maintains Dovish Outlook</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span>
<div style="width:80%;">US Dollar weakness carried into the North American trade, with the EUR/USD breaking above 1.3100 for the first time since May, and the bearish sentiment surrounding the greenback may linger going ...</div>
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Analysts: Do We Fall, Stall or Push Higher in the Euro?
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://imarketnews.com/node/17252" style="font-size:1.2em">Analysts: Do We Fall, Stall or Push Higher in the Euro?</a>
<br> <span style="color:#888888;">IMarketnews.com</span> - <span style="white-space:nowrap">Jul 29, 2010 </span>
<div style="width:80%;">By Vicki Schmelzer NEW YORK (MNI) - The euro posted a new 12-week high over $1.3100 Thursday, driven largely by ever-shifting views about the eurozone and US economies as well as likely month-end ...</div>
<a href="http://uk.ibtimes.com/articles/20100729/euro-surges-above3100-on-upbeat-european-economic-data-jul-29.htm">Euro surges above $1.3100 on upbeat European economic data - Jul 29</a> - <span style="color:#888888">IBTimes</span><br>
<a href="http://www.forexhound.com/article/Pattern_Price_Time/Analysis/Euro_Touches_13105_Weak_Equity_Markets_Trigger_Volatile_Trading_Session/224315">Euro Touches 1.3105; Weak Equity Markets Trigger Volatile Trading Session</a> - <span style="color:#888888">Forex Hound</span><br>
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Stocks Drop, Led By Technology Shares; Euro, Commodities Rise
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.bloomberg.com/news/2010-07-29/asian-stocks-drop-yen-gains-on-concern-pace-of-economic-growth-may-slow.html" style="font-size:1.2em">Stocks Drop, Led By Technology Shares; Euro, Commodities Rise</a>
<br> <span style="color:#888888;">Bloomberg</span> - <span style="white-space:nowrap">Jul 29, 2010 </span>
<div style="width:80%;">By Rita Nazareth and Kelly Bit - Thu Jul 29 20:20:10 UTC 2010 Technology shares were the biggest drag on the S&P 500 after Akamai Technologies Inc. said profit margins shrank, while Nvidia Corp ...</div>
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Euro rises up $1.30
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.dailytimes.com.pk/default.asp?page=2010%5C07%5C29%5Cstory_29-7-2010_pg5_24" style="font-size:1.2em">Euro rises up $1.30</a>
<br> <span style="color:#888888;">Daily Times</span> - <span style="white-space:nowrap">Jul 28, 2010 </span>
<div style="width:80%;">LONDON: The euro rose against the dollar on Wednesday on renewed risk appetite following a rosier outlook for the European banking sector, dealers said. In late morning trading here, the shared ...</div>
<a href="http://www.chinapost.com.tw/business/global-markets/2010/07/29/266592/Euro-rises.htm">Euro rises above US$1.30 on banking outlook</a> - <span style="color:#888888">China Post</span><br>
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Euro Mixed Against Majors
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<a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=1371078" style="font-size:1.2em">Euro Mixed Against Majors</a>
<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Jul 27, 2010 </span>
<div style="width:80%;">(RTTNews) - The euro showed mixed trading against other major currencies in early European deals on Tuesday. While the euro soared to fresh multi-week highs against the yen and the franc, it eased ...</div>
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Euro Finds Pivot Point Against Dollar
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://blogs.forbes.com/greatspeculations/2010/07/27/euro-finds-pivot-point-against-dollar/" style="font-size:1.2em">Euro Finds Pivot Point Against Dollar</a>
<br> <span style="color:#888888;">Forbes</span> - <span style="white-space:nowrap">Jul 27, 2010 </span>
<div style="width:80%;">Dan Cook is the Senior Market Analyst for IG Markets, a leading Forex Trading company. EUR/USD ? As we approach the midway portion of the US trading day, the euro has been paring back some of its ...</div>
<a href="http://www.actionforex.com/index.php?option=com_content&view=article&id=119020:forex-technical-update-&catid=191:daily-forex-technicals">Forex Technical Update</a> - <span style="color:#888888">Action Forex</span><br>
<a href="http://uk.ibtimes.com/articles/20100730/forex-market.htm">India Forex Advisors / Market Commentary / 30_July_2010</a> - <span style="color:#888888">IBTimes</span><br>
<a href="http://www.spread-betting.me/forex-spread-betting-00394.html" style="color:#009900">Spread Betting for Me</a>
- <a href="http://www.forexhound.com/article/Technicals/Daily_Reports/Market_Commentary_by_India_Forex/224538" style="color:#009900">Forex Hound</a>
- <a href="http://www.commodityonline.com/futures-trading/currency/Major-currencies-market-commentary-4622-2.html" style="color:#009900">Commodity Online</a>
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which means trading the value of one Euro in US dollars. The five other most popular trades are:
* AUD/USD - The Australian Dollar to US Dollar
* CAD/USD - The Canadian Dollar to US Dollar
* EUR/CHF - The Euro to Swiss Franc
* EUR/GBP - The Euro to British Pound
* GBP/USD - The British Pound (Sterling) to US Dollar
In the Forex market, currencies are traded directly rather than in contracts. Lot is the terminology that is used to describe the minimum amount that can be traded, which is characteristically $25,000 USD.
Currency Futures
The futures market is based on the exchange market. Trades use futures contracts that are a reflection of the exchange rates of two different currencies. The Euro futures market is currently the most popular market of the bunch and is based upon the EUR/USD exchange rate. The Chicago Mercantile Exchange, or CME, provides the most popular futures.
An exchange provides the futures since it is a futures market, meaning that it employs centralized pricing, as well as clearing, and therefore ensures that market prices remain constant regardless of which brokerage is being used. Contract specifications include the value of the contract, the tick size (minimum price change), and the tick value (price change value).
About the Author (text)Justin Stewart has used software to automatically trade the forex market allowing him to earn a living without lifting a finger, even while he sleeps. You can use the same forex software to get the same results here: www.SleepingForexRiches.com
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<div style="padding:0px; margin-bottom:1.5em;">
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<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Jul 30, 2010 </span>
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Euro slips back to $1.3015
<div style="padding:0px; margin-bottom:1.5em;">
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<br> <span style="color:#888888;">13WHAM-TV</span> - <span style="white-space:nowrap">Jul 30, 2010 </span>
<div style="width:80%;">In this photo illustration a Euro note and a GBP note are displayed on April 17, 2008 in London, England. (Peter Macdiarmid, Getty Images) BERLIN (AP) ? The euro is a little lower against the ...</div>
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<div style="width:80%;">The GBPUSD looks vulnerable but it is difficult to short without a point of reference to place a stop. It is best to wait for a top to form and then short a bounce. The GBPUSD rally has exceeded ...</div>
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An abbreviated name for foreign currency. See also FX
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