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Forex Traders - Assisting In Expand Your Success
By greywolf
Although the role of the Forex broker is relatively redundant as a product of technological advancement and amplified awareness, we cannot completely underestimate his role. The new paradigm shift has had something of a democratizing effect on the financial market, and in the years that have followed a glut of banks and brokerages have extended the range of their services to a new market by packaging up their online trading systems for the retail market, enabling the more modest investor to trade from their own computer screen - even on the previously out-of-reach markets. This is where the actual role of Forex broker starts.
PIP is nothing special but Price Interest Points. In the forex market, currencies are always priced in pairs. The quoted price is the level where we, acting as the market maker, are willing to buy/sell the pair. In the wholesale market, currencies are quoted out to four decimal places, with the last placeholder called a point or a pip. A pip in most currencies is one /10,000th of an trade toll (in USD/JPY, it is one /100th, likewise you can find for others).
Let's see some more information about Spread.
British Pound / US Dollar 03-10
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<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-03-10-1646-British_Pound___US_Dollar.html" style="font-size:1.2em">British Pound / US Dollar 03-10</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">After meeting resistance from former support / the 38.2% of the decline from 15825 / channel resistance, the GBPUSD has rolled over. I favor a drop below 14780 in a 5th wave. Risk can be moved to ...</div>
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GBP and JPY Under Selling Pressure
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<a href="http://www.forexyard.com/en/market-analysis/afternoon/gbp_and_jpy_under_selling_pressure-2010-03-10" style="font-size:1.2em">GBP and JPY Under Selling Pressure</a>
<br> <span style="color:#888888;">Forexyard</span> - <span style="white-space:nowrap">9 hours ago </span>
<div style="width:80%;">The leading events in the forex market today have been the sudden dip in the value of both the British Pound and Japanese Yen. With the GBP already facing sell-pressure from a string of bad data ...</div>
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Plummeting British Pound Leads to Worries of Another Currency Market ?Black Wednesday?
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<a href="http://moneymorning.com/2010/03/10/plummeting-british-pound/" style="font-size:1.2em">Plummeting British Pound Leads to Worries of Another Currency Market ?Black Wednesday?</a>
<br> <span style="color:#888888;">Money Morning</span> - <span style="white-space:nowrap">14 hours ago </span>
<div style="width:80%;">By Jon D. Markman, Contributing Writer, Money Morning Outside of the earthquake rescue efforts in Chile and the Greek-rescue efforts in Brussels, the big news in the world economy last week ...</div>
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USD Makes Gains Against the GBP and the EUR
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<a href="http://www.fxstreet.com/technical/analysis-reports/daily-currencies-report/2010-03-10.html" style="font-size:1.2em">USD Makes Gains Against the GBP and the EUR</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">15 hours ago </span>
<div style="width:80%;">by UFXBank Research USD Dollar (USD) ? The Dollar gained versus the Euro and the Pound and weakened versus the high yielding commodity linked currencies. Stock markets finished higher but weak ...</div>
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British Pound Little Changed in Asia, Industrial Production on Tap Ahead
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<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2010-03-10-0614-British_Pound_Little_Changed_in.html" style="font-size:1.2em">British Pound Little Changed in Asia, Industrial Production on Tap Ahead</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">17 hours ago </span>
<div style="width:80%;">The British Pound was little changed in Asian trade, treading water near familiar levels ahead of a report that is expected to show industrial production shrank at the slowest annual pace in ...</div>
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The Sovereign Debt Crisis ? Who's Next?
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<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3934209" style="font-size:1.2em">The Sovereign Debt Crisis ? Who's Next?</a>
<br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">18 hours ago </span>
<div style="width:80%;">The consensus view is that the Spanish will be the next target if they are unable to get their fiscal house in order. While we will not dispute the fragile state of Queen Sofia's monarchy we ...</div>
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Japanese Yen Benefits From Risk Aversion, British Pound Extends Decline
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<a href="http://www.dailyfx.com/forex/technical/article/winners_and_losers/2010-03-09-1621-Japanese_Yen_Benefits_From_Risk.html" style="font-size:1.2em">Japanese Yen Benefits From Risk Aversion, British Pound Extends Decline</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">The Japanese Yen strengthened across the board as investors scaled back their appetite for risk, and is the best performing currency against the greenback on Tuesday, with the exchange rate ...</div>
<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3934894">Demand For Riskier Assets Firms; Dollar Feeling Pressure</a> - <span style="color:#888888">istockAnalyst.com</span><br>
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Neutral on the Yen, but turning Bullish on the Aussie $
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<a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/Neutral_on_the_Yen_but_turning_Bullish_on_the_Aussie/190110" style="font-size:1.2em">Neutral on the Yen, but turning Bullish on the Aussie $</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">CURRENCIES: 03/09/10 Higher closes yesterday for the Canadian and Aussie Dollar along with the Japanese Yen, Euro Fx and Swiss Franc while lower for the British Pound and dollar index. The euro ...</div>
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British Pound / US Dollar 03-09
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<a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-03-09-1549-British_Pound___US_Dollar.html" style="font-size:1.2em">British Pound / US Dollar 03-09</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">After meeting resistance from former support / the 38.2% of the decline from 15825 / channel resistance, the GBPUSD has rolled over. I favor a drop below 14780 in a 5th wave. Risk can be moved to ...</div>
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Euro, British Pound Slump as Investors Scale Back on Risk Appetite
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<a href="http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/us_open/2010-03-09-1156-Euro__British_Pound_Slump_as.html" style="font-size:1.2em">Euro, British Pound Slump as Investors Scale Back on Risk Appetite</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">The British Pound extended the previous day's decline to reach a fresh weekly low of 1.4938 during the European trade as Fitch Ratings held a cautious outlook for the UK economy, and the currency ...</div>
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As with all financial products, forex quotes include terms like 'bid' and 'ask"'. The 'bid', in its simplest terms is the price at which a broker is willing to buy (and clients can sell) the base in exchange for the counter currency. The 'ask' is the price at which dealer will sell (and clients can buy) the base in exchange for the counter currency. The difference between the bid and the ask price is referred to as the spread. The spread defines the trader's cost, which can be recovered with a favorable move in the market. The value of a pip is determined by the pair of currencies being traded, the toll at which the pair is trading and the extent of the position being traded.
There are great Forex brokers, like COESfx, who maintains tight, competitive spreads in the four major currencies against the Dollar, and a total of 17 pairs including USD/CAD and AUD/USD. If you want to get more information on Forex Trading, please click on : WealthForLife.org
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