FOREX MADE EASY FOR YOU TO MAKE PROFIT

at 6:09 AM 0 comments

FOREX MADE EASY FOR YOU TO MAKE PROFIT

Foreign exchange market

1)The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion according to (BIS) Bank for International Settlements. traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, Trading this market involves buying and selling world currencies taking the profit from exchange rate differences. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via Forex brokers.

ABOUT PAGE

Market size and liquidity

The foreign exchange market is unique because of

• its trading volume,
• the extreme liquidity of the market,
• the large number of, and variety of, traders in the market,
• its geographical dispersion,
• its long trading hours: 24 hours a day (except on weekends),
• the variety of factors that affect exchange rates.

According to the BIS, average daily turnover in traditional foreign exchange markets is estimated at $1,880 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:

This $1.88 trillion in global foreign exchange market "traditional" turnover was broken down as follows:

• $621 billion in spot transactions
• $208 billion in outright forwards
• $944 billion in forex swaps
• $107 billion estimated gaps in reporting

In addition to "traditional" turnover, $1.26 trillion was traded in derivatives.

Exchange-traded forex futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Forex futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).

Average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April 2006 according to IFSL estimates based on semi-annual London, New York, Tokyo and Singapore Foreign Exchange Committee data. Overall turnover, including non-traditional foreign exchange derivatives and products traded on exchanges, averaged around $2.9 trillion a day. This was more than ten times the size of the combined daily turnover on all the world’s equity markets. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues such as internet trading platforms has also made it easier for retail traders to trade in the foreign exchange market.

Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 32.4% in April 2006. RPP

The ten most active traders account for almost 73% of trading volume, according to The Wall Street Journal Europe, (2/9/06 p. 20). These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203. Minimum trading size for most deals is usually $100,000.

These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100 / 1.2300 for transfers, or say 1.2000 / 1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 3 pips wide (i.e. 0.0003). Competition has greatly increased with pip spreads shrinking on the major pairs to as little as 1 to 2 pips.

Who owns FOREX and where is it located?
It's not owned by anyone in particular. Forex is an Interbank market, meaning that it's transactions are conducted only between two participants - seller and the buyer. So as long as existing banking system will exist, Forex will be here. It's not connected to any specific country or government organization.

What the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).

What is margin?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.

What are the "long" and "short" positions?
Long position is a "buy" position, meaning that this position will be in profit if price goes up.
Short position is a "sell" position, meaning that this position will be in profit if price goes down.

What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific strategies can only be good for a certain period of time and for certain currency pairs

OUR VISION FOR NIGERIANS

Move by the plight of many Nigerian net browsers who in the midst of internet plenty from over 2trillion dollars in the daily forex trading, are still in lack and have met frustration on net in pursuit of financial freedom,

IDEAS FOR FINANACIAL FREEDOM

HAVE DECIDED TO MAKE THINGS EASY FOR OUR FELLOW NIGERIA THRU OUR SIMPLIFIED FOREX TRADING PLAT-

FORM, THAT ENABLES YOU TO START TRADING FOREX IN SECONDS

WITH FREE INTERNATIONAL SECURED ONLINE ACCOUNT, THAT WILL ENABLE YOU TO TRANSFER THE DOLLARS YOU EARN IN YOUR FOREX TRADING AND CONVERT IT TO NAIRA ,

FREE REAL $2,500 TO START TRADING FOREX, MAKE PROFIT AND TAKE IT

IN THIS SIMPLIFIED TRADING PLATFORM, NO CHART TO WATCH,CANDLE OR HAMMER TO MONITOR, ALL YOU DO IS LOG-IN AND TRADE FOREX ,FROM 10 TO 2000 PIPS IN A DAY, ITS SO SIMPLE TO TRADE THAT YOU DONT NEED TO BE A COMPUTER GURU OR INTERNET EXPERT,

INFACT IF U CAN SPELL YOUR NAME YOU CAN TRADE, MAKING PROFIT FROM MARKET GOING UP OR COMING DOWN,

YOU CAN MAKE $100 TO $1000 IN A DAY.

HAPPY TRADING, SPREAD THIS GOOD NEWS TO YOUR FRIENDS AND FAMILY

SO REGISTER WITH #20,000 AND HAVE ACESS TO TRADE WITH FREE REAL $2,5000.LEVERAGE , TRADE AND TAKE PROFIT WHILE IF YOU REGISTER FOR EXECUTIVE TRADING WHICH IS #50,000 YOU HAVE ACESS TO TRADE WITH FREE REAL $10,000 LEVERAGE TO TRADE AND TAKE PROFIT