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What's The Difference Of Trading Mini Lots Vs. Full-sized Lots
By Adrian Pablo, Wed Dec 7th
In Forex trading there is something called, a Mini Account, andit uses a different leverage calculation than a regular (100k)account. This is, instead of trading full-size currency lots(100,000 Read more...

Forex-education---these-character-traits-are-admired-but-if-you-have-them-in-forex-you-will-lose-
By kelly price
Here I am going to outlines some character traits which are admired in society as a whole but in forex trading will ensure you lose. Most traders simply cannot adapt from the traits needed in Read more...

Understanding Some Of The Forex Phrases And Terminologies
By Ben Needles
One of the keys involved in trading on the Forex market is to be well-versed in the phrases and jargon (terminologies) used in the currency exchange market. Again, as part of the education process Read more...

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Beware Of Using Your Credit Card Abroad?
By gerron woodruffe, Thu Dec 8th

It’s summer. And for some lucky Americans, this means goingvacation to a far off land in hopes of relieving the stress ofeveryday life. In general, it is a very happy couple of monthsfor the regular American family but it can also be an evenhappier time for credit card companies. This is because of thefact that credit card companies are making a killing off themoney Americans spend on their foreign vacations throughquestionable fees. Imagine this situation. You and your familyare in Paris, France on vacation. Your wife sees a lovely pairof shoes that she “must have” and so being the good husband thatyou are, you purchase the $300 pair of shoes using your creditcard. Two weeks or so later, your credit card statement shows upand instead of you seeing a charge for $300 dollars, youstatement shows a charge for $309. How did this happen? Theanswer is that you were charge 1% foreign currency-conversionfee by Visa or Master to convert your foreign-currency purchaseinto American dollars and were also charged an addition 2%foreign transaction fee by your credit card issuer.

If you are form the U.S., when you make a purchase abroad withyour credit card, your credit card issuer will convert thecharge to U.S. dollars before it appears on your statement.Usually, this is done through the Visa or MasterCard networks,which charge a 1-percent foreign currency-conversion fee forconverting your foreign-currency purchase into American dollars.According to Kristin Arnold, a writer for Bankrate.com, this isa good deal since changing your money in almost any other mannerwill probably cost you a lot more.

What is unsettling, however, is the additional foreigntransaction fee which your credit card issuer charges. This feecan range from 2-3%. According to Linda Sherry, the editorialdirector for Consumer Action in Washington, "Banks have beenmaking a profit off their customers for a long time, whileproviding no

service." In Agreement, Ed Perkins, a syndicatedtravel columnist and author of "Business Travel When It's YourMoney," says that these fees are “pure gouging that credit cardcompanies know they can get away with”. Foreign transaction feesdo not relate to any service that the credit card issuerprovides but instead is buried deep in the fine print of thecredit card agreement between the issuer and the customer. So inretrospect, while Visa or MasterCard may have done you a favorby converting your foreign-currency purchase into Americandollars for a fee of 1%, your bank’s additional charges weredriven by pure greed. So what can you do to avoid these fees?The answer is to do your research. Currently there is nostandard rate at which all banks and corporations charge, so youcould possibly find a card that does not add on any additionalfees for overseas purchases. For example Bank of America,Citibank, MBNA and JP Morgan Chase all charge 2 percent onoverseas purchases while Household Credit Services, ProvidianFinancial Corp and Capital One do not.

About the author:Gerron Woodruffe is a contributing writer for GoCurrency.comhttp://www.gocurrency.com. GoCurrency provides information onglobal exchange rates, movements and news related information.

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 xe currency converter website.

Rank Reports Profits Down Due to Investments in Marketing
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.online-casinos.com/news/news3110070.asp" style="font-size:1.2em">Rank Reports Profits Down Due to Investments in Marketing</a> <br> <span style="color:#888888;">Online-Casinos.com</span> - <span style="white-space:nowrap">1 hour ago </span> <div style="width:80%;">Despite a 10 percent rise in revenues in the first half of 2010, the UK land and gambling group Rank plc also reported this week a 23 percent decline in operating profit to GBP 2.3 million. (Great ...</div> </div>
British Pound Volatility Ahead on Bank of England Rate Decision
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2010/07/30/fwf_073010_gbp.html" style="font-size:1.2em">British Pound Volatility Ahead on Bank of England Rate Decision</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The British Pound may turn volatile in the week ahead as the Bank of England delivers the first rate decision based on an updated inflation outlook taking into account the government&#39;s austerity ...</div> </div>
British Pound Spiked Up Further Against Majors
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Id=1377403&SM=1" style="font-size:1.2em">British Pound Spiked Up Further Against Majors</a> <br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">(RTTNews) - The British currency spiked up further against major opponents during New York mid-day trading on Friday. The pound climbed to more than 3-week high against the euro and a multi-month ...</div> </div>
Euro slips back to $1.3015
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.13wham.com/business/story/Euro-slips-back-to-1-3015/ueFOlVd5Y0Ck2AXqtSbhmA.cspx" style="font-size:1.2em">Euro slips back to $1.3015</a> <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> </div>
Great British Pound (GBP) Technical Major Currencies (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/great-british-pound-gbp-technical-major-currencies-2010-07-30.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">Despite of the pair moving within a bullish direction, signs of 1.5630 remaining intact are clearly appearing, where the harmonic bearish pattern has taken an AB=CD formation that has been ...</div> </div>
Great British Pound vs. Japanese Yen (2010-07-30)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100730/great-british-pound-vs-japanese-yen-2010-07-30.htm" style="font-size:1.2em">Great British Pound vs. Japanese Yen (2010-07-30)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 30, 2010 </span> <div style="width:80%;">The pair declined yesterday, but from a pure technical harmonic point of view, we can see on the daily chart a chance for resuming a suggested CD leg for AB=CD pattern. We have two technical ...</div> </div>
British Pound Pressing against Resistance Line
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/elliott_wave/gbp-usd/2010-07-29-1627-British_Pound_Pressing_against_Resistance.html" style="font-size:1.2em">British Pound Pressing against Resistance Line</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <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> </div>
British Pound Turnaround May Be on the Horizon
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.dailyfx.com/forex/technical/ssi/gbp-usd/2010-07-29-1522-British_Pound_Turnaround_May_Be.html" style="font-size:1.2em">British Pound Turnaround May Be on the Horizon</a> <br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.76 as nearly 64% of traders are short. Yesterday, the ratio was at -1.74 as 63% of open positions were short. In detail ...</div> </div>
Forex spread betting: GBP in focus
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://www.spread-betting.me/spread-betting-forex-00402.html" style="font-size:1.2em">Forex spread betting: GBP in focus</a> <br> <span style="color:#888888;">Spread Betting for Me</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">A roundup of technical insight and views from the forex spread betting and forex trading industry. Those looking at spread betting the British Pound should note that the Pound has declined ...</div> <a href="http://www.economy-news.co.uk/exchange-rates-29201007-2.html">Exchange rates: British Pound in moderate declines</a> - <span style="color:#888888">Economy News</span><br> </div>
Great British Pound (GBP) Technical Major Currencies (2010-07-29)
<div style="padding:0px; margin-bottom:1.5em;"> <a href="http://uk.ibtimes.com/articles/20100729/great-british-pound-gbp-technical-major-currencies-2010-07-29.htm" style="font-size:1.2em">Great British Pound (GBP) Technical Major Currencies (2010-07-29)</a> <br> <span style="color:#888888;">IBTimes</span> - <span style="white-space:nowrap">Jul 29, 2010 </span> <div style="width:80%;">The pair continues the bullish trend within the bullish channel shown above, as the pair is closely nearing key resistance for the main ascending channel, accompanied by overbought signs through ...</div> </div>

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