Content feed Comments Feed

Forex, Trading, Currency

Forex overview

Forex overview

Posted by Trader On August - 27 - 2009













Best Technical Trading Solutions can be practiced only with successful Technical trading practice. We have already shown how Oil Trading Technical System could be applied to Oil Market and Trading was made simple and clear.

In recent years the global finance market experienced significant changes. Development of new investment strategies became more important for risks optimization and keeping high profitability of investment portfolios. One of the most promising and profitable markets is financial trading market. The trading directions with relatively low margin requirements attract the traders who are interested in high trading opportunities.

Not like most world bank stocks, the international currency market has no specific location and is operated distantly, on the phone or online. With this operational system, the market is the largest in the world. Average daily turnover on forex exceeds 1,5 trillion USD with ca 25 milliards USD on the New York stock exchange. Such high turnover is a valuable asset if taken into account from the point of view that more opportunities are provided with more trade volumes. As well the market is popular because of narrow spread that enables a trader to make short term investments and have prompt results with low operational expenses.

As a result, the market became very popular with banking, mortgage, other financial institutions and multinational corporations. The access of individual traders is as well very popular.

The spot currency market is designed as correspondence of a pair of currencies. For example, if a trader is sure that EUR will grow comparatively USD, EUR is to be bought.

In order to understand the essence of the market, find the Forex dictionary essential notions.

Notion Currency Pair Trading term
GBPUSD British Pound / US Dollar "Cable"
EURUSD Euro / US Dollar "Euro"
USDJPY US Dollar / Japanese Yen "Dollar Yen"
USDCHF US Dollar / Swiss Franc "Dollar Swiss", or "Swissy"
USDCAD US Dollar / Canadian Dollar "Dollar Canada"
AUDUSD Australian Dollar / US Dollar "Aussie Dollar"
EURGBP Euro / British Pound "Euro Sterling"
EURJPY Euro / Japanese Yen "Euro Yen"
EURCHF Euro / Swiss Franc "Euro Swiss"
GBPCHF British Pound / Swiss Franc "Sterling Swiss"
GBPJPY British Pound / Japanese Yen "Sterling Yen"
CHFJPY Swiss Franc / Japanese Yen "Swiss Yen"
NZDUSD New Zealand Dollar / US Dollar "New Zealand Dollar" or "Kiwi"
USDZAR US Dollar / South African Rand "Dollar Zar" or "South African Rand"
GLDUSD Spot Gold "Gold"
SLVUSD Spot Silver "Silver"
SocialTwist Tell-a-Friend

Forex | Subscribe: or
blog comments powered by Disqus

About Us

This site was constructed for those who has just got interested in forex. FX trading, currency trading, online fx trading platform – if all of these words sound new to you, you are welcome to our site. Everything you may want to know about forex. Everything that was said before – collected here in brief, easy to comprehend form. The site’s content is renovated and improved every week, every one or two days. Therefore we always sound fresh, new and practical.

Recent Comments