Google

Monday, January 29, 2007

forex

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade happening in the forex markets across the globe currently exceeds $1.9 trillion/day (on average). Retail traders (individuals) are currently a very small part of this market and may only participate indirectly through brokers or banks and may be targets of forex scams.

According to David Krutz from the Financial Times website (Published: October 9 2006 20:48) " The foreign exchange market will have doubled in size in just three years next year, thanks to increased participation by fund managers and pension funds, says research out on Monday. TowerGroup, a financial services research consultancy, said it expected total global average daily volumes on the FX market to exceed $3,000bn in 2007. FX volumes, which rose from $1,770bn in 2004 to $2,000bn in 2005, were set to rise to $2,600bn in 2006 and $3,600bn for 2007, as foreign exchange became accepted as an asset class in its own right according to TowerGroup.

FOREX WORLD

FOREX WORLD

Introduction:





In earlier times, if you want to visit the stock exchange to do business, it resulted in the loss of both time and money in exchanging to and from your home to the marketplace. The arrival of computers and the Internet have modified the rules of the game. Nowadays, you can trade in commodities, shares, and currencies through online by sitting in the comfort of your home. An additional factor that has added significantly to the achievement of online trading services is that banking and money transfer systems have also develop into available online. The consequence is that forex online trading services providers, or brokers, have been able to broaden their customer base and also their profits. These companies promote their services through the Internet, and customers living at remote places can contact them. These service providers support the clients by directing them about the systems of calculating the values of currencies.



The services of trading companies also contain offering online training to the clients. For this, they provide e-books that include comprehensive instructions about forex trading. These e-books can be easily downloaded onto computers. In addition to this basic training, the companies also offer the customers with analytical studies, charts, and other teaching materials prepared by financial experts to originate new customers into forex online trading. These companies also offer practical experience by organizing virtual sale and purchase activities. The customers are speculated to buy and sell the currencies as if they were really trading in the real-time market. Using this practice, the probable customers gain knowledge from their mistakes, and sharpen their skills until they are prepared to play in the real market. A few forex online trading service providers also have expert software that can train the customers, who can then decide sale and purchase strategies.







Online Commodity Trading:



Usually, commodities were things of value that were made in huge quantities by many different producers for profitable sale. In spite of being produced by different producers, the value of commodity was equal. Trade in commodities, casting from agricultural produce like corn to natural resources like oil, is done in the trade exchanges. Commodity is defined as an item with a use value, an exchange value and a price. The primary form of futures trading was commodity futures trading. It is also the most unstable between the futures markets because most of the goods traded are principally spoilable in nature and highly sensitive to many elements, including weather and political factors. That being said, currency can be made in the commodity trading markets if you have done your explore with knowledge and are wishing to invest huge amounts into playing the markets. You will want to be knowledgeable in the history and future of market trends and have in-depth knowledge of the commodity you aspire to trade. Similar to most futures markets, investors can be separated into hedgers those who have a requirement for the commodities being traded and have an interest in holding prices fixed for their profit, and speculators who aim to make a profit by anticipating the movement of markets and buying commodities on paper, devoid of having any actual need for them.



Online Brokers:





There are a huge number of brokerage firms with an online existence that provide commodity trading as section of their services. So as to start trading on one of these sites, you should register yourself and get an account. Just the once this is done, you will be capable of choosing a trading platform that best matches your requirements. The trading platforms have been planned to meet the profiles of the different kinds of traders • from beginner to experienced futures traders. There is a variety of commodity trading execution services offered for the traders also, based on their depth of knowledge and chosen mode of trade using the services of a broker, completely automated trading program or through self-decision making platforms. Brokers will charge fees for their services. These fees are typically taken at the time of registering, and then at standard intervals. If you do not want to have a broker make the determinations for you, then you can choose for a discount trading account, which will offer you with just sufficient information and a basic trading platform for you to make the decisions yourself.









There are a huge number of brokerage firms with an online existence that provide commodity trading as section of their services. So as to start trading on one of these sites, you should register yourself and get an account. Just the once this is done, you will be capable of choosing a trading platform that best matches your requirements. The trading platforms have been planned to meet the profiles of the different kinds of traders • from beginner to experienced futures traders. There is a variety of commodity trading execution services offered for the traders also, based on their depth of knowledge and chosen mode of trade using the services of a broker, completely automated trading program or through self-decision making platforms. Brokers will charge fees for their services. These fees are typically taken at the time of registering, and then at standard intervals. If you do not want to have a broker make the determinations for you, then you can choose for a discount trading account, which will offer you with just sufficient information and a basic trading platform for you to make the decisions yourself.





Related Topics:





• Online Share Trading • Forex Learn Online Trading

• Commodity Futures Trading

• Learn To Trade the Forex





Other Articles



1. forex currency trading

If forex currency trading is the field you want to plunge into, no one can help you than your own attention, tim...

2. forex trading account

Forex trading is the best and the most lucrative business that a person can think about. The amount of profits t...

3. forex trading guide

Forex trading is also called as FX trading and it deals with Foreign Exchange trading. It deals with the buying ..

trade

Want to trade Forex but not sure where to start?

Open and fund a Live trading account with a minimum of $1,000 USD by January 31, 2007 and receive a Foreign Exchange Trading Course* ($495 value) compliments of FX Solutions!! This course will fast-track your Foreign Currency Trading Education by providing you with a solid foundation in the currency market. It will offer you a handful of simple but powerful trading techniques that you can use to trade the currency market immediately. Whether you are an experienced trader or a first timer, this course together with the follow-up daily AM Review videos will have you trading in no time. This industry recognized course featuring

lula