Foreign Currency Trading Explained

1. Forex trading, short for foreign exchange trading, involves the buying and selling of the many currencies of the world. It does not operate via a central exchange site, like traditional stock market trading. Forex trades around the clock 5 days a week. For complete information see Forex Education
-

FOREX-Euro best of a bad bunch as rates diverge
The euro was gaining ground in Asia on Wednesday as tumbling U.S. yields undermined the dollar, while a truly dire outlook for the UK economy kept sterling pinned near record lows.
Source: www.reuters.com

HK stocks close higher, but down 48% for the year
Hong Kong stocks went up 151.98 points, or 1.07 percent, to close at 14,387.48 on Wednesday in a shortened session before New Year’s Day, boosted by the overnight Wall Street gains.
Source: english.people.com.cn

HK shares open firm on last trading day of 2008 (The Forex Market)
HONG KONG, Dec 31 (Reuters) - Hong Kong shares will open their last trading day of 2008 on a firmer note, set to finish their worst year in more than three decades with a broad-based rally spurred by overnight gains on Wall Street.
Source: www.fxstreet.com

Refinery Operating Capacity the Key to Greenback Forex Trading on Wednesday? (TradingMarkets.com via Yahoo! Finance)
Forex traders will want to keep one eye on the Weekly Oil Report and another on Jobless Claims, since both can directly affect the dollar-paired currencies and both are slated for release on Wednesday.
Source: biz.yahoo.com

Forex funding cripples inter-bank market
Scarcity of funds, occasioned by funding of foreign exchange demand, returned to the interbank money market, leading to sharp increase in cost of funds.
Source: www.vanguardngr.com

The pros of foreign currency trading

5. Many great online resources to learn

To be able to further understand what foreign currency trading is and how it can help you grow your funds, it is advised that you speak to an expert who more likely has all the answers to your questions. Or, yet, ask somebody who’s already had experience with the industry. You can also scour the Internet for more information or get hold of those training software available for sale to get a better feel of the trading process. For complete information see Forex Education
-

Euro Advances Against Dollar, Yen as Israel-Hamas Conflict Pushes Up Oil
The euro rose the most in almost two weeks against the dollar as the conflict between Israel and Hamas in the Gaza Strip drove up oil prices, adding to concerns that an economic slump will deepen in the worlda …
Source: www.bloomberg.com

Aussie firm below 1-= week high; bonds fall
* Aussie traded at $0.6887, within a slender band of $0.6851-$0.6905. It had hit a 1-1/2-week high of $0.6967 in New York on Monday.
Source: www.quamnet.com

FOREX-Dollar falls on Mideast tensions, weak US outlook
The dollar fell broadly on Monday, eroded by a grim outlook for the U.S. economy and concerns Israeli attacks in the Gaza strip will heighten tensions in the Middle East and threaten oil supplies.
Source: www.reuters.com

Gaza violence lifts oil; global stocks mixed
Violence in the Middle East drove up the price of oil on Monday on worries about threats to crude supplies and fueled a bid for safe-haven government debt.
Source: www.chinadaily.com.cn

What Forex Dealers Do
What Forex Dealers Do >> 1.0 Scale of 1 to 10 Read: 0 Propped: 1 Prop it Interested in what forex dealers do? Read this article to find out.
Source: www.propeller.com