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Posts Tagged ‘Currency Pairs’

FapTurbo

Tuesday, December 28th, 2010

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By: Alexandre Cayer

About the Author:

If you’re interested in FAP Turbo articles, objective reviews and latest news; Why not visit http://www.fapturbo.name

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Tags: Currency Pairs, Scratch, Weekday
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Basic Terms in FOREX Trading

Wednesday, November 17th, 2010

The trading mechanisms of the FOREX market are similar to other major financial markets (such as the stock and commodities market). The purpose of investors and speculators in such markets is to make a profit, by buying low and selling high. The case in FOREX markets is no different.

Nevertheless, there are certain trading terms that are distinct to the FOREX market. Here is a short list of some common terminologies used. In the FOREX market, currencies are traded in pairs, where investors and speculators invest on the value of one currency against another. The currencies traded in the market are usually paired with the US dollar. For online trading, these currency pairs are represented by 6 letter codes, representing both currencies. The first three letter of the code is represents the stronger currency and the last three represents the other currency. If a trader trades on the value of the British pound against the US dollar, the code used would be GBPUSD.

The value between the two currencies is represented by a five-digit number. For example, if the current value of the GBPUSD = 1.6266, it represents that 1 British pound is worth 1.6266 US dollars. The change in the smallest unit in this figure is called a point. For example, if the value between the two currencies have changed to 1.6268, this means that the value have moved by 2 points.

In FOREX trading, traders enter the market as either a buyer or a seller of selected currency. The price that the seller is willing to sell at is known as the ‘Ask’ price while the price that the buyer is willing to buy at is known as the ‘Bid’ price. There can only be a successful trade where the Ask and Bid price is the same.

By: Thomas Strignano

About the Author:

Thomas Strignano is a retired Chief Foreign Exchange Trader for a major Italian Bank. His 20 plus years of trading(Market Making) in the commercial Forex market makes him an expert in the field. He has developed his own proprietary trading systems and tested them real time in the interbank market. He has trained a number of Forex traders to be profitable, some who are still active at Major International Banks. Tom s major focus is on market timing techniques with technical analysis, forecasting(future) pivot points for major market moves. His overall objective in trading Forex, is use of good Money management, low risk, high reward positions. Please see http://www.forexconfidant.com

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Tags: Currency Pairs, Online Trading, Speculators
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Forex Trading: What drives currency / Forex prices?

Thursday, November 11th, 2010

Foreign Exchange (Forex) trading is undertaken by a range of investors; from professional currency traders and businesses, to individuals who wish to speculate on currency movements. The Forex market constitutes the largest financial market in the World, with traders placing in excess of $3.2trillion worth of trades every business day. It is the degree of activity therein that determines currency prices and makes them so fluid.

Currency is traded for a variety of reasons. To understand why prices fluctuate, it helps to know exactly what drives the market. Currencies are not sold in isolation but are paired with a second currency; for example, a Forex trader may trade the British pound against the US dollar. Alternatively, the trader may decide to trade the pound against the euro, or the dollar against the euro as a currency pairs.

During autumn 2009 the British pound traded at around US$1.57. Two years earlier, in November 2007, a pound would have bought almost US$2.07. It is the rating of currencies against one another that is the foundation of currency trading. In autumn 2007, the pound was relatively strong against the dollar. Two years later, the pound was trading much weaker against the dollar. These positions could easily reverse in the future, depending upon what is happening in the global economy.

It is the total level of Forex trading that determines how pairs of currencies fluctuate in value. In the above example, investors have bought more dollars and sold more pounds over the last couple of years which has led to a strengthening of the dollar against the pound. The future direction of this pattern will depend upon the economic indicators of both the UK and the US.

Investors engage in Forex trading in the hope of predicting the movement in currency pairings. It is these movements that enable the trader to make a considerable amount of profit; if they are able to correctly anticipate the currency pairs movements that is. There has been a great deal of mystery surrounding Forex trading in the past, but that is no longer the case. The advent of the Internet has unlocked the secrets of Foreign Exchange, quickly turning Forex trading into a mass market activity. Now, just about anyone can open a Forex trading account to engage in the trading of a range of world currencies. All this from the comfort of their own home and without the need for a specialist broker.

If you are tempted in dabbling with online Forex trading, remember that currency values can go down as well as up and that you should only speculate with money you can afford to lose.

By: Daniel Collins

About the Author:

Daniel Collins writes on a number of topics on behalf of a digital marketing agency and a variety of clients. As such, this article is to be considered a professional piece with business interests in mind.

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Tags: Currency Pairs, Currency Prices, Forex Market
Posted in Currency Trading Strategy | No Comments »

Expert FAP Turbo Advice For Beginning Forex Traders

Tuesday, November 2nd, 2010

If you haven’t been in the Forex markets for very long, you will want to know what the trading experts are saying about FAP Turbo. This currency trading system has been getting rave reviews ever since it hit the market. It is consistently making money for a lot of people. Here’s what the experts say about FAB Turbo.

Introduction to FAP Turbo
The head developer of this profitable Forex robot is professional I.T. programmer Steve Carletti. He and his team actually did live tests on every Forex robot that was available, and they lost a lot of money in the learning process. What they learned was that Forex robots were being sold mainly on backtest results, not on live trading. In fact, the robots they tried did not do well at all in real live trading. So, they worked until they got it right, and their website now proves that FAP Turbo actually doubles live trading profits.

Expert Reviews
After FAP Turbo launched in November 2008, there were literally thousands of copies sold of the product on its first launch day. Traders simply couldn’t stop talking about it because it really works, it can be very profitable, and it actually has strategies included in its software that make for safer trading.

Experienced traders say that they like the short term trading strategy of FAP Turbo, because it uses a scalping technique that trades 4 main currency pairs within a 15-minute time frame. And, it only makes 1 to 5 trades a day. It is also conservative about its money management. It stays beneath broker radars and is able to make profits without their interference.

Part of what makes FAP Turbo so successful, is that it uses long term trading strategy based upon its ancestor, the Forex Autopilot. This ancestor robot has a long reputation of success, and the developers of the FAP Turbo were able to negotiate with its owner Marcus Leary to improve on his code and use it. He agreed, and the merging of intelligence resulted in the current high functioning new system. What the experts like about this merger is that the new robot avoids risky trading, and implements a fixed stop loss strategy that limits drawdowns.

Experts Learn From Bigger Experts

The FAP Turbo offers detailed training manuals, and a community of online support. You get a lot of help in setting up the robot on your own computer. The difficult part of the robot, however, is that you have to deal with its settings if you want to trade in more adventurous mode. You can use the settings it comes with, but your profits may be less than if you actually learn more about Forex markets yourself. So, this is the big kicker. You will need to learn more about Forex trading than you may have though you would in order to enter into the big leagues. If you want to learn well, learn from someone better than you. It’s really been proven true, and it certainly remains true in terms of FAP Turbo.

By: Steve Leigh Martins

About the Author:

Top Forex Robot: As Seen on CNN, CNBC and FORBES Money. Special 50% discount Only From Our Partner Site. Updated Daily! Also See: Forex Megadroid Vs FAP Turbo Vs IVY Bot

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Tags: Currency Pairs, Expert Reviews, Interference
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The Basic Of Forex Trading

Tuesday, September 7th, 2010

The Different Currencies Traded

The seven most liquid currency pairs in the world of FOREX are:

EUR/USD (euro/dollar)
USD/JPY (dollar/Japanese yen)
GBP/USD (British pound/dollar)
USD/CHF (dollar/Swiss franc)

They are also known as the four majors. Most traders concentrate on those pairs only to grab some profit from the market.

The other currencies that stand out from the rest are the three commodity pairs:

AUD/USD (Australian dollar/dollar)
USD/CAD (dollar/Canadian dollar)
NZD/USD (New Zealand dollar/dollar)

These currency pairs, along with the EUR/JPY, GBP/JPY and EUR/GBP contributes to more than 95% of all speculative trading in the FOREX market. On the market, only 18 pairs and crosses are actively traded. This market is definitely far more concentrated than the stock

You may come across some retail traders dealing only with exotic currencies. The Czech koruna is an example of an exotic currency.

Carry Trades

It is a particular type of trade used by both large hedge funds and small retail speculators. They are very popular in the FOREX TRADING DOMAIN. The concept of carry trade takes into consideration the fact that every currency in the world is influenced by interest rate which are set by the central banks of these countries.

The whole idea behind the carry trade is quite simple. You just buy the currency with a high interest rate and use the currency with the lower interest to finance that purchase. Very simple indeed you say, but make sure that market is a trending one or else your profit from interest rate differentials might not be enough to offset the capital losses.

The pair that was greatly popular among traders was the NZD/JPY. This is due to the fact that the New Zealand economy was doing extremely well. The interest rate not so long ago in New Zealand was 7.50% compared to a 0.50% rate in Japan. Thus, if you bought NZD/JPY you would have collected a staggering 700 basis point in yield alone.
Impressive right!!

However due care must be taken when jumping in those king of trades. As said, this kind of trading only works if the currency you are buying is in a definite trend. Stay away when the market is choppy as the decline may be severe when carry trade unwinds. This will definitely blow you account away in no time.
The best time for you to position in such a trade would be at the beginning of the rate tightening cycle. This will allow you to ride the move as interest rate differentials increase.

FOREX Jargon

Common terms used by traders in reference to the different currencies.

Aussie – nickname for the Australian dollar
Cable – nickname for the British pound
Greenback, buck – nicknames for the U.S. dollar
Kiwi – nickname for the New Zealand dollar
Loonie – nickname for the Canadian dollar
Swissie – nickname for the Swiss franc

Best of luck in your trading

By: Ash Naeck

About the Author:

Ash Naeck is a Forex trader and owner of http://www.forex-trading-domain.com, offering Forex news, strategies, education, tools and resources, and much more to help you become a pro trader.

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Tags: Australian Dollar, Currency Pairs, Speculators
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Forex Trading Programs Blog

Posts Tagged ‘Currency Pairs’

FapTurbo

Basic Terms in FOREX Trading

Forex Trading: What drives currency / Forex prices?

Expert FAP Turbo Advice For Beginning Forex Traders

The Basic Of Forex Trading

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