Currency Trading Information Channel |
|
|
|
New Opportunities with Forex TradingThe simplest definition of currency trading is the practice of exchanging one country's currency for another country's currency. Basically, currency trading involves four main variables: currencies, exchange rate, time, and interest rate. The interplay of these variables creates opportunities for small investors to obtain investment returns that are generally unheard of in the traditional investment world. It is also referred to as foreign exchange, FX or Forex, but the essence remains the same that currency trading is the exchange of one currency against another. Perhaps, in terms of trading volume, the currency exchange market is the world's largest market, with daily trading volumes in excess of $1.5 trillion US dollars (although the figures may differ, but this is just an approximation to show its importance). One thing is for sure that in orders of magnitude it is much larger than the bond or stock markets. For example, the New York Stock Exchange has a daily trading volume of approximately $50 billion. So you can easily imagine its importance in the trading world of today. Moreover, contrary to earlier thoughts, currency trading is not limited to just larger organizations and other large banks and financial institutions, but open to everyone who has enough expertise and determination to hard work. You can start playing the currency trading market with real market conditions immediately. Trading opportunities in the forex currency trading market are now available to individuals through technology interfaces such as those used by major currency trading brokerage firms (usually large corporations with big tummies). If you decide to hire a professional who takes advantage of this technology, you will be able to view your accounts' closed trades 24 hours per day through a secured, online access portal. Historically, SMBs and individual investors have had limited access to the forex market. For decades, major banks, multinational corporations and other participants, trading in large transaction sizes and volumes, have dominated this market. However, just like many other business segments technology has lowered the barriers of entry and opened up this attractive marketplace to a new breed of investors and speculators. Technological advancement, along with liberal market sentiments, has allowed almost everyone to deal in currency trading, unlikely to the past when there were only few organizations that could trade the currency. You also can open a mini account with as little as $300 US although $2000 US is recommended. You can open a regular account with as little as $2000 US although $10,000 US is recommended. Mainly major banks, international organizations and some other are doing well in currency trading. Anthony Trister is a currency trader and is an owner of OneDayTrades which offers free, mechanical forex signals and an automated trading program for those wanting to trade forex. Free access available here: http://www.onedaytrades.com
MORE RESOURCES updated Thu. April / 25 / 2024 Yen inches closer to intervention point as BOJ meeting starts The Japan Times Prop Trading: YourPropFirm Taps Leverate to Enhance Services Finance Magnates Top 10 Forex Brokers in the World: 2024 Rankings FinanceFeeds Zimbabwe's new currency suffers chaotic start FRANCE 24 English How to get started in trading forex CNN Underscored Stock market today: Asian benchmarks mostly slide as investors focus on earnings Yakima Herald-Republic Kyriba's Quarterly Currency Impact Report: Total Currency Impact for 2023 Reached $95 Billion Yahoo Finance Stock market today: Tokyo's Nikkei leads Asian gains following Wall Street rally The Associated Press Understanding the Correlation of Oil and Currency Investopedia Yen Approaches Intervention Point as BOJ Meeting Starts Yahoo Finance Where king dollar is causing pain the most Reuters.com Morning Bid: Japan's FX no-show, Meta plunges Reuters.com Discover ask2bid.net: A Trusted Destination for Unbiased Insights into Crypto and Forex Trading Yahoo Finance Spotrade.net analysis: A Trusted Destination for Unbiased Insights into Crypto and Forex Trading Yahoo Finance GBP/USD Analysis Today - 25/04: Focus on US Data (Chart) DailyForex.com USD/JPY Analysis Today - 25/04: Yen Hits 34 Year Low (Chart) DailyForex.com Best Forex Brokers In April 2024 Bankrate.com Zimbabwe authorities troubled by tumbling new currency Voice of America - VOA News EUR/USD Analysis Today - 25/04: Euro Stabilizes (Chart) DailyForex.com USD/PKR Analysis Today - 25/04: Controlled Trading (Chart) DailyForex.com Exclusive: India central bank's stance on underlying exposure for FX derivatives unchanged Reuters.com This Is How You Make Money Trading New York Magazine U.S. dollar closes higher on Taipei forex market Focus Taiwan 3 Best Forex Brokers for 2024 NerdWallet Towards Increasing Complexity: The Evolution of the FX Market - Liberty Street Economics Liberty Street Economics - Rupee edges up 1 paisa at 83.32 against US dollar BusinessLine Why Is the Forex Market Open 24 Hours a Day? Investopedia FOREX.com vs. Robinhood: Which Is Right for You? The Motley Fool Forex Trading for Beginners NerdWallet Unauthorised forex dealers duping customers: Names of 75 forex dealers on RBI’s alert list The Economic Times CHF/JPY Forecast Today 25/04: Funding Currencies War (Chart) DailyForex.com China's New Currency Playbook Council on Foreign Relations How Often Do Exchange Rates Fluctuate? Investopedia Zimbabwe's new gold-backed currency sliding on black market Voice of America - VOA News US, Japan and South Korea seek to limit dollar's rise Financial Times RBI's crackdown on currency trading? Finshots How can blockchain platforms make currency trading cheaper? Financial Times
|