Foreign Currency Trading Explained

3. Because of the absence of a central exchange, foreign currency trading happens between two parties directly. Buyers and sellers communicate and trade via the phone, the Internet or other communications networks worldwide. For complete information see Forex Education

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Apec ministers endorse mkt-oriented currencies
Singapore: Asia-Pacific finance ministers endorsed ‘market-oriented’ exchange rates on Thursday and said they would stick with economic stimulus plans until a sustained economic recovery was under way.
Source: www.financialexpress.com

Dollar edges up after months of declines that had developing nations worried about exports
FILE - In this Oct. 16, 2009 file photo, a bank clerk counts U.S. dollar notes near bundles of… FILE - In this Oct.
Source: abcnews.go.com

State Bank moves to cool gold market
The ban on gold imports has been lifted after a 16-month restriction aimed at cooling down the currently overheated market in the precious metal, State Bank of Viet Nam Governor Nguyen Van Giau told reporters in Ha Noi yesterday.
Source: vietnamnews.vnagency.com.vn

The pros of foreign currency trading

4. The higher the currencys liquidity level, the cheaper it is to trade it.

This is why most foreign currency trading patrons opt to trade majors, because they have the highest liquidity. In addition, forex trading is also more attractive to some money movers because of the absence of a commission. Thus, currencies are actually traded for their real merits and not because they come with misleading incentives. For complete information see Forex Education
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KBC: Czech markets closed for holiday
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Source: www.the-profit-machine.co.uk

Japan’s Industrial Production
The Yen gained a bid on the back of better than expected September Industrial Production reading. The release was as follows: Industrial Production (MoM) - Survey:1.0%   Actual:1.4%   Prior:1.6%  Industrial Production (YoY) - Survey:-19.3%   Actual:-18.9%   Prior:-19.0%
Source: forex.fxdd.com

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Source: www.iklanbisnisindonesia.com

Asian Market Update: Australia CPI fails to impress as swap markets downgrade steeper RBA rate hike; Speculation over breakup in UK financials fuels more risk aversion; Yen benefits at the expense of AUD, NZD
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Source: www.the-profit-machine.co.uk