Forex Trading
Choosing A Forex Broker
Foreign exchange is not traded on an exchange, which means that prices you see and get from one broker could vary from those of another broker. There are mainly two types of brokers: ECNs (Electronic Communication Networks) and Market-Makers.
Market-makers ‘make’ or set the prices on their systems based on what they think is best for themselves as the counter-party.
ECNs, on the other hand, pass on prices from several banks and market-makers, as well as from the other traders in the ECN, and display the best bid/ask prices based on these input.
Advantages Of Forex
The forex market is unique in that traders can access a 24-hour market very conveniently, without having to wait for the markets to open. At any time, there is always a major financial center open where banks, hedge funds…
Forex Basics
What is a Pip? A “pip” is the smallest price unit in any currency pair. For example, a movement from 1.5210 to 1.5211 in EUR/USD is one pip, making a pip equivalent to 0.0001. On the other hand, a movement from 105.35 to 105.36 in USD/JPY is also one pip, making a pip equivalent to 0.01.
Forex News
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The IMF, The EMF And All The Worthless Money In Between
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Forex Trading: USDJPY A Disappointment
Forex
- » Forex Trading: USDCAD Squeezed To 100 Hour MA Resistance - 8 hrs ago
- » Forex Trading: EURUSD Falls Below The 1.3530 Low - 8 hrs ago
- » Forex Trading: USDCAD Tests 38.2% Retracement - 8 hrs ago
- » Forex Trading: GBPUSD Moving Tests 200 Hour MA - 8 hrs ago
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- » Forex Trading: USDCAD Retail Sales Due At 8:30 AM - 10 hrs ago
- » Forex Trading: USDJPY Up Testing The Key Resistance - 1 day ago
- » Forex Trading: EURUSD Falls Sharply Through Support Levels - 1 day ago
- » Forex Trading: EURUSD Moves Back Above 100 Bar MA In Range Type Trading - 1 day ago
- » Forex Trading: USDJPY 100 Day MA At 90.07 Today - 1 day ago
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- » Forex Trading: GBPUSD Falls Through 1.5294 Support Level.
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- » Forex Trading: EURUSD Tests Key Support At 1.3691.
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Australian Dollar: The Downside Prevails
Forex
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- » Euro: Rebound Expected
- » Canadian Dollar: Caution
- » Australian Dollar: Rebound Expected
- » Swiss Franc: The Upside Prevails
- » Japanese Yen: Rebound
- » British Pound: The Upside Prevails
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ago
Forex Trading: EUR/USD Shows Continued Bearishness Off The Wedge
Forex
- » Forex Trading: EUR/USD Forms Rising Wedge Bearish Pattern Within Downtrend - 1 day ago
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Forex Trading: SNB's Board Member Danthine Comments Sink EUR/CHF
Forex
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The Dollar Index: The Move Isn't Done
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Trichet: Financial Instruments Not To Be Misused In Speculative Manner
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Forex Trading: Greece Bailout Concerns Spur Euro Sell-Off
Forex
- » Euro Down On Bearish Bailout Comments - 1 day ago
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Forex Trading: Fed Seems To Still Have Trouble Deciding When To Hike Rates
Forex
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On The US Dollar And Energy Prices: Some Counter-Intuitive Views From Chris Temple
Forex
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Chinese Premier Wen Jiabao Rejects U.S. & European Pleas, Says Yuan To Stay Stable
Forex
ago
Instead Of Limiting Forex Leverage, The CFTC Should Consider These Other Reforms
Forex
AUD New Motor Vehicle Sales (MoM) (FEB) - In 2 days
AUD New Motor Vehicle Sales (YoY) (FEB) - In 2 days
CHF Money Supply M3 (YoY) (FEB) - In 2 days
USD Chicago Fed National Activity Index (FEB) - In 2 days
EUR Euro-Zone Consumer Confidence (MAR A) - In 2 days
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JPY Bank of Japan Meeting Minutes - In 3 days
JPY Convenience Store Sales (YoY) (FEB) - In 3 days
EUR French Production Outlook Indicator (MAR) - In 3 days
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Interest Rates
0.25%
USD
0.50%
GBP
2.50%
NZD
4.00%
AUD
1.00%
EUR
0.25%
CHF
0.25%
CAD
0.10%
JPY -
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