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Forex Trading Information

FOREX — the foreign exchange (currency or Forex, or FX) market is the biggest and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.

Don’t forget to check and bookmark my Forex blog to get the latest updates about Forex market and this site’s content. You can also join a friendly community of traders at the Forex Forum.

Latest:

Mert from Turkey writes about Plus500:

Stay away from this broker!!! SCAM!!!

It really took me some time to figure out that I only need to go with the regulated companies. Never trust to Plus500 or other unregulated/unlicensed firms, you will never get your money back, not even a penn...

SANTHOSE from SRILANKA writes about Prime4x:

PRIME4C IS A CONFORM A SCAM BROKER

Shirley from India writes about ForexYard:

I am been trading with UFXBank.com for last 6 months now and have a decent experience with them now. As a newbie I also used their demo account and learned the basics of forex from it. Since then I have been using there regular account.

Swiss Franc are Heading to Parity with Dollar on Swiss GDP
Thu, 02 Sep 2010 11:26

The Swiss franc is heading to the parity with the US dollar as the pace of Switzerland’s economic growth was faster than the economists estimated. The currency also gained against the euro.

Chilean Peso Goes Up as Demand for Copper Increases
Thu, 02 Sep 2010 10:04

The Chilean peso rose today as the outlook for the exports of the raw materials improved after the US and China reported about the better-than-expected growth of the manufacturing.

Aussie Benefits from Australia’s GDP, US & China’s Manufacturing
Wed, 01 Sep 2010 21:43

The Australian dollar strengthened today as the pace of Australia’s economic growth was fastest in three years and after the reports showed that the manufacturing in the US and China expanded faster than predicted.

USD/CAD Falls on Improving Risk Sentiment, May Decline Further
Wed, 01 Sep 2010 19:23

The Canadian dollar rebounded today as the improving risk appetite pushed the stocks and crude oil higher and increased the appeal of the currencies linked to the economic growth.

Take-Profit Order
An order to sell or buy a lot when the market reaches certain price. It is used to fixate your profit. Usually is a combination of stop-order and limit-order.
Gap
A difference between the previous period's close price and the next period's open price. In Forex usually only occurs during weekends — between the Friday's close and the Monday's open price.
STP (Straight Through Processing)
An order processing that doesn't require any manual intervention and is fully automatic. In fact, 99.9% of all on-line Forex brokers support order handling with STP.

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