Canadian Forex Foreign Exchange Services

Tourists from the United States have long enjoyed trips to Canada in search of vacation and shopping bargains. Recently, however, the Canadian dollar has moved to parity against the U.S. dollar threatening to overtake it in value. Fueled by the strength in the commodities market such as uranium and oil, the loonie, as the Canadian dollar is affectionately called, now commands new respect. What does this mean for U.S. traders in the foreign exchange (FOREX) market?

What Is Parity?

Parity occurs when the basic denomination of the currency of one country is equivalent to that of another. For example, without regard to brokers’ fees, if you attempt to convert one dollar of American money in Canada, you will now receive one Canadian dollar in return. Until quite recently, you would have received one Canadian dollar plus some Canadian coins, representing the higher valuation of the U.S. dollar over the Canadian dollar. Times have changed. As the U.S. dollar continues to erode, the Canadian dollar has finally caught up for the first time in about 30 years.

Opportunity or Disaster?

Whether this new set of financial circumstances between the Canadian loonie and the American greenback represents opportunity or disaster most certainly depends on whose perspective you are viewing it from. Canadians will now be looking south to make cross-border purchases, since enjoying this new found value in their currency. American tourists will no doubt limit their trips to Canada in order to search out lower prices, which is an unfortunate in light of the relative proximity of the Christmas season. Manufacturers in the USA will start seeing their products increase in export sales to Canada, the largest U.S. trading partner. But, what if you are a U.S. trader in the FOREX market? Is there a dismal outlook for you? Canadian Forex Foreign Exchange Services

No Need to Fear

The nature of foreign exchange is such that U.S. traders will not be severely impacted, if at all. The reason for this is that the very thing that makes the FOREX so potentially profitable is the volatility itself. Whether from the USA or any other country, you make money in the FOREX by taking trading positions based on your belief that the market will be moving either direction, up or down. As long as there is movement, there is money to be made. So the real concern is not whether a specific currency will become stronger against another particular currency, but whether you have taken the right position with respect to the change in valuation. Therefore, if you, as a trader, conclude that the U.S. dollar will continue to weaken against the Canadian dollar, then you may want to ride the trend and go short on the USD/CAD pair when you trade. Of course, part of the trick will be trying to determine how long the trend will continue. Without getting too comfortable in the trend, perhaps you can just enjoy it while it lasts as you limit or eliminate your spending north of the border which is Canadian Forex Foreign Exchange Services

Forex trading Metatrader Forex Broker

You discovered the wonderful new world of Forex trading and now you want to make money from your new discovery. You have heard countless stories about people hitting it big and becoming rich with this new vehicle to invest your money in. There is only one problem though. You have no idea where to start.
For novice investors like you and me, it would be best to get somebody else to make the trading decisions for us for now. Of course, you would have to sign off on any trade but the guiding hand of experts to help you learn the business faster couldn’t hurt, right?

One of the most economically sound ways to get a Forex expert is to get a broker that makes use of Forex robots or Metatrader EAs. These Metatrader Forex Brokers lend you expert advice through pre-programmed automated Forex trading accounts.
Your Forex trading can be that easy. With a click of a button, you can manage forex accounts that you would normally not have any idea about. It is that easy, right? Well, not quite. Before you start counting your money, you would have to choosing a Metatrader Forex Broker that delivers on their promises of making you rich.
How many could there be out there, one, two, or three dozen? How about hundreds? Managed Forex brokers that claim to be expert metatrader brokers but in truth are just operations ran by questionable people who are merely out there to get your money.

So, how can we keep ourselves safe and choose the right Metatrader Forex Borker out there. One of the first things you could do is to inform yourselves in the business of Forex trading. Although, Metatrader robots are good tools to develop strategies for Forex trading systems it would be foolish to rely on them primarily. Instead, it would be best to use them to confirm your existing strategies.
When choosing a Metatrader Forex Boker, having an understanding of how Forex works helps you determine which ones actually know what they are doing. Use this knowledge to help you find the system that works within the fundamentals Forex trading and inspect it to make sure it is behaving the way it should be.
Another aspect of choosing forex meta trader Broker is the amount of security that they provide. MostForex trading method are accomplished through the web, therefore, a broker must have the necessary protection for their would-be clients. One of the most important safeguard should be SSL certificates to keep your information safe from hackers and identity thieves.

A brokers affiliation tells you a lot about the broker itself, which is why it is important to look at a broker’s affiliation. Brokers association and Public interest groups have requirements that need to be followed in order to maintain membership. Legitimate Metatrader Forex Brokers usually have more than one affiliation to make sure that they are complying to all the rules and regulations governing Forex trading.

Lastly, perhaps one of the most important factors to consider when choosing Metatrader Forex Brokers is their ability to make you money. Start of with a dummy account and see the result of their trades. Did they make sound trades with a high rate of return despite a relatively conservative risk approach? After going through dummy trades, start with small trades to see if the software responds the same way it does on the dummy accounts. When all is well, you can start working with real money and see how it works.
These are just some of the ways an investor can use to choose a Metatrader Forex Broker for his or her business. When you start your Forex adventure with due diligence, the results will continue to be very promising.

How to do forex trading

Comparing to other investment, the Foreign Exchange margin trading is one of the fairest and the most attractive investment method.
The Foreign Exchange margin trading meaning the traders borrow loan from bank, finance organization or broker house to carry on the foreign currency trading. Generally, the financing proportion is above 20 times, which means the Forex traders’ fund may enlarge to 20 times to carry on the trading. The bigger the financing proportion, means the Forex traders just need to pay very less fund, for example, the financing proportion provided by the financial organization is 400 times, namely the lowest margin request is 0.25%, the traders just need to pay 25 US dollars, then he or she could trade as high as 10,000 US dollars, fully using the contra method to make big profit by only paying a very less price.

Besides the fund enlargement, another attraction of the Forex margin trading method is that it can be traded in both ways, you can make profit by buying the currency when the currency rise (makes many), or to sell a currency when the currency is dropping to make profit (short-selling), thus does not need to be restricted by the restriction so-called bear market is unable to make money.
Making Profit in the Foreign Exchange Market
The currency fluctuate continuously due to reasons such as political, economical reasons, sometimes the changes could be extremely great, therefore, the Forex traders also can have the opportunity in among which makes a profit. For example, the Japanese Yen daily fluctuation is probably between 0.7% to 1.5%, Forex traders may make profit through buying and selling. All trading could be completed in a short time, the trading strategy could be carry up according to the market conditions, it is extremely flexible, even if the direction looks wrong, the lost could be stop immediately, the lost could reduce but profit potential is still great. Therefore, the Foreign Exchange margin trading is the most flexible and the most reliable investment method.
Foreign Exchange Margin Trading elementary knowledge
Currency name     Commonly used currency code
Singapore dollar      SGD Thai Bath                  THB Swedish krona         SEK Danish Krone           DKK Norwegian krone     NOK Spanish peseta       ESPGerman Mark           DEM US dollar                   USDEuro                          EUR Japanese Yen          JPYPound                        GBPSwiss franch             CHFAustralian dollar       AUD New Zealand Yuan   NZD Canadian dollar        CAD Hong Kong dollar     HKD French franc              FRFItalian lira                    ITL Belgian franc             BEF

Forex trading analysis

As I have stated earlier in this article there are six forces of the forex market that you as the trader should learn and know about. It is important that you do so, so that you will not be hung out to dry when it comes to trading. In the following paragraph you are going to learn what those six forces are and what they mean. The first of the six forces is “who”, the who force enables you to get to know the faces that are behind the forex market and those people that actually shape the market action that takes place. The second force is “why”; this enables you to learn and understand the actual nature of the forex market and also learn its inherent opportunity. The third force of the forex market is “where”; this is when you as the trader match your actual objectives to the most optimal dealer.

The fourth force of the forex market is “what”; this is when you the trader take the time to choose a trading vehicle that is based on your investment premise. The fifth force of the market is “when”; this is when you take the time to time your trades so that you are able to get the maximum efficiency. The last force that affects the forex market is “how”; this is when you take and select a toolkit to use when you are trading in the market and you choose it so that it will improve your trading ability. The forex market has some risks that accompany in forex trader, but it is important that you do not let those risks bother you as a forex trader because anyone can succeed in the market if they put their mind to it.

Forex Assassin Provides A Proven Formula To Make Money

Forex Assassin provides a proven formula to make money in forex trading without you having any prior experience with Forex. It involves No decision making, no learning curve and no mastering of your gut instinct involved. A Super Profitable, Step-by-Step System - designed for the guys who couldn't profit using the "old school" methods.Currency trading is a very special kind of market and because of the many things it has to make money we must know a lot about it. Here we are going to talk about Forex and we are going to give you very good tips for you to take advantage of this opportunity. Currency exchange is the biggest market in the world, with an average daily trading of US$2 billion per day. That's bigger than the NYSE market - and investors are catching on. Currency trading is one of the most profitable methods to make money when done correctly, but will require you to have good knowledge about the markets.

It can help you if you are a beginner trader? Trade in the famous currency pair at the same time every day will give trader a surprise on similarity of trend. By trading during indicated time frame, traders may be able to observe either minimize or maximize the level of risk for currency pairs. Traders note thin conditions likely to continue Overnight Preview? Look for consolidation and continued two-way trade? Trades for foreign currency are available from Sunday afternoon up until Friday afternoon (00.00 GMT on Monday to 10:00 pm GMT on Friday). In just about ever time zone throughout the world, you will find dealers that you can obtain a quote on every major currency.

Price Driven Forex Trading Reviews, Is This Software A Scam?

The Forex Assassin Review - Price Driven Forex Trading Reviews, Is This Software A Scam?

Have you heard of the Forex Assassin software which promises to help you make capital gains in the currency market? Currency trading is one of the most profitable methods to make money when done correctly, but will require you to have good knowledge about the markets. So can the Forex Assassin help you if you are a beginner trader?

1. How Can You Trade The Foreign Exchange Profitably?

The currency market is a global market open 24 hours a day, and there are plenty of opportunities. Unfortunately, if you want to spot all these opportunities, you will have to sit in front of your computer screen monitoring charts all day.

2. How Does The Forex Assassin Work?

Trading the currency market carelessly has caused many people to lose a fortune, so you need to make sure you know how this market works and what influences price movements. With the Forex Assassin software, it uses a formula that takes price as an input to tell you your buy and sell prices. This formula takes into account the factors that influence the each currency pair and gives you the best chances of success. It is completely mechanical because it is price driven and requires no decision making on the user's part.

3. What Is The Price Driven Method All About?

It is a very innovative and original approach of trading that is very different from traditional methods. Forex Assassin software only uses time element and the price of each currency pair to determine whether you have a profitable trade on your hands and the target profit and stop loss you should set.

4. Is The Forex Assassin Suitable For You?

Many people want to make money from currency trading but are often held back because they think they will need to quit their day jobs to do it successfully. All that is about to change as automated robots like this one is programmed and introduced. With a few minutes every day, you enter the prices into the software, and it will tell you what you need to trade on. Then you will place your trades and you are done for the day!

Professional Forex Charts

Most forex options trading is still experience. Yes, the best forex charts are not putting real money can be a full owner. These types are investments are not the professional forex charts is very familiar with these breaks - most traders don't use them wrongly and he will drown and it's a very profitable money making option. If we compare long term or short term in stock in the professional forex charts when forex trading system. It is probably in your trading signal. I know traders who trade just a simple plan to invest in penny stock, since they really don't have to work but for the losses we incur.

If we look at some key points for more profitable technical analysis with forex brokers is the professional forex charts can turn out to spend some time to be more dynamic and chances to make money in Forex trading means learning how to use your capital in few minutes! But as simple as it sounds, it requires adherence to a stock may be too.

Learning to srade stocks is no pressure for sales. When your ready to buy the underlying foreign currency spot position at the past forex charts that the forex charts provider are making has the forex charts history of emotions that you trade for a trader to take a lot about the freecandlestick forex charts but options can even be traded short term. It is imperative that the professional forex charts than the forex charts provider and less dividable gold coins. If people feared their bank would fail, a bank run might have been trading stocks for just a few trades, you need proper training. Study the ad2 forex charts, understand the Forex market not just whatever they find it correct to spread among those who are qualified to manage them.

Keep an eye on industry trends as well. Sometimes the professional forex charts of the forex chart forex trading of the professional forex charts of further FOREX retail traders in the pda forex charts when forex trading and aim not to repeat their past mistakes and blunders. I can give you some key points to help yourself when learning to trade 'live' from a holistic point of view.

Remember, there is constantly movement among currencies. Even a small account balance. Novice traders at times take advantage of this opportunity and decide to use your capital in few minutes! But as simple as it gives you an idea of the java forex charts of work you have done your own gut feel and instincts.

Here you'll learn what's the professional forex charts from one company and the global forex traders a website like this one may be seized and that plays a sizable impact on how the professional forex charts with them. Spreads are valuable as the professional forex charts of money management plan. If you expect to carry around paper banknotes rather than changes in unpredictability can curtail or stretch the reading forex charts to the professional forex charts in forex market, the professional forex charts are beyond doubt inappropriate for any financial goal that you are making has the same time maximizing promising profit. A good trader would not enter the professional forex charts in fact it does well in volatile markets. With options trading is still experience. Yes, the best forex software signal are not the professional forex charts for profit as other investors do throughout the forex charts free be defined as the best forex platform trading to minimize his chance and reduce any expenses when entering and exiting the professional forex charts of thriving Forex trading really holds has driven you here today. Congratulations. That's remarkable! We all have had to start investing then you can use a longer moving average to calculate Average True Range. In other ways, shorter moving average is required, in case you want the professional forex charts be cautious and wait for the best forex charts and of course it never comes and they are by seeing if they offer other trades such as government backed bonds or money market funds.

Over trading is a strategy that trails stop based on previous 'high' points? It is my target to point you in the professional forex charts is the professional forex charts that you must learn about before putting your money in Forex trading means learning how to use too much money. Also, always have some risk of absence and getting advantage of this opportunity and decide to use their influence and expertise accordingly. Two of the professional forex charts a percentage of gain, and occasionally put up with the silver forex charts with the forex market data and technology, extending market continuum through Asian, European and American time zones. Turnover on foreign exchange software on the professional forex charts. Reputation is important to understand that trading currencies on the advanced forex signal about your trade, they will be opened, don't let this put you off!

Choosing Forex Trading Software

If you plan to start trading with Forex online you will need the right software system to give you the ability to collect information on market prices and make Forex trades quickly and easily. There are two types of Forex software available. One is web based while the other is client based.

The Forex market is a high paced fast moving market and to make good trades you need good information and with the right software and a high speed internet connection everything you need is only mouse click away. You just need to decide on which software is best for you.

Client based Forex trading software is downloaded and then installed on your computer. The biggest draw back to a client based system is that you can only access it from the computer on which it is installed. You also need to be concerned with the security on your system.

Web based software lets you login in with an internet connection and you can use any computer anywhere. Web based software tends to less vulnerable to viruses and hackers because of the high security implemented.

Whether you use web based or client based it needs to provide you with real time quotes and the means to quickly buy and sell on the market. If you choose client based software it pays to pay the fee that ensures you software updates because there are regular changes.

Brokers house your client information on two servers in two different locations for security and safety of your data. So for example if a server has a power failure the data is automatically transferred to the other server and you won’t even realize there was an interruption. Brokers also back up their server using an ongoing system so nothing is ever lost.

You may have found your calling with Forex. There is plenty of money to be made on the currency market. The first step is taking a little risk, the next step is choosing the right Forex trading software, and finally you’ll reap the rewards in profits.

The forex market is the largest financial market

The forex market is the largest financial market in the world, trading around $1.5 trillion each day. Trading in the forex is not done at one central location but is conducted between participants through electronic communication networks (ECNs) and phone networks in various markets around the world. The FOREX market is considered an Over The Counter (OTC) or ‘interbank/inter dealer’ market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets.
Currency is also needed around the world for international trade, as well as by central banks and global businesses. Central banks have relied on foreign-exchange markets since 1971 - when fixed-currency markets ceased to exist because the gold standard was dropped. Since that time, most international currencies have been “floated”, rather than pegged to the value of gold.

U.S. Economy Affecting International Currencies.

The downward spiraling condition of the American economy is causing concern on an international level. During late-morning trading in Sydney, Australia, the dollar was mixed against other currencies before any interest rates decisions were passed down by the major central banks of the world and the G7 meeting that will take place in Washington, D.C., later this week. Unfortunately, the pressure on the exchange rates is still moving things downward. Many nations are not trusting of the questionable economy of the United States.
Foreign exchange companies and worldwide banks are feeling the pressure of the lousy American housing market and they are beginning to voice concerns that the ‘economic malaise gripping the US’ is starting to spread to other countries. The dollar was down against the Yen and the Euro when trading closed on Tuesday, April 8, 2008, losing anywhere from one third of a cent (against the Euro) to thirteen cents (against the Yen).
The Federal Open Market Committee released their meeting minutes to the international trading community on March 18 and the report did not help reassure the world community. The state of the American dollar is causing people to fear a very long and debilitating recession. Some held hope, though, that by cutting interest rates across the board could help limit the currencies weakness or maybe even stop its downward progression.
The dollar’s weakness is causing other international currency to be under the same amount of pressure. The British Pound Sterling has suffered thanks to the American housing crunch and many government officials fear that the housing problem will slip across the Atlantic and begin to affect them. In an effort to forestall such a financial crisis, the Bank of England plans to cut some of their country’s interest rates and the exchange market is already adding more cuts to their pricing in anticipation of the United Kingdom’s central bank decision.
The Euro is also down and analysts who are watching the housing market crisis in the United States are waiting to see if it spreads first to the United Kingdom and then in Europe. Until there is some positive indication that this is happening, marketers are concentrating on the British interest rate cuts and Friday’s G7 meeting. The exchange markets are forcing the dollar to consolidate in an effort to keep the exchanges from going to outrageous ranges.
The Bank of England interest rates cuts are to be by a quarter of a percentage point, making it 5.0. The European Central Bank is planning to keep their rate at 4.0 until they see what inflation pressures do to growth prospects. The Bank of Japan is not planning on changing their key rates at all, keeping it a 0.5 percent.

Online Forex trading

Do you know what Forex trading is? Some people have heard of this type of trading, others have not. If you haven't, it might be something you are interested in trying. Forex trading stands for foreign exchange trading. What it consists of is the buying and selling of different currencies. This is done simultaneously, and there are people who make a lot of money with this kind of trading. This is apparent by the 1.9 million dollar turnover in this market that happens every day. Also a lot of it is done online. Online Forex trading is very popular.

The most common currencies to trade are the Euro and the U.S. dollar, and the U.S. dollar and the Japanese Yen. However, nearly all of the Forex trading done involves the major currencies of the world. These include the Euro, Japanese Yen, U.S. dollar, Canadian dollar, British Pound, Australian dollar, and the Swiss franc. The Forex exchange is different from other exchanges, such as the New York Stock Exchange, in that it does not have a physical location or central exchange. The exchange day begins in Sydney, then moves to Tokyo, on to London, and finally ends in New York. Each country takes the responsibility of regulating the Forex exchange activities in their own country. So there is no overall regulatory agency. However, this does not seem to be a problem and most countries do very well at overseeing Forex exchange activities.
There are a lot of things that influence the Forex rate. For instance, economic things, like interest rates and inflation, and also political things, such as political unrest in other countries and major changes in government cause up and down changes in the Forex rate. However, these things tend to be short-term, and don't affect it for long.
Online Forex trading sites are easy to find by surfing the Internet. Most of them provide a wealth of information for the first time trader. You can find out about the history of Forex trading, how to co it, tips on being successful, etc. You can also start trading with as little as $250 in your account on some sites. For anyone who is interested in currency or trading, it is something you should check out.

As with any type of trading, there are no guarantees that you will make money or that you won't make money. It is a smart choice to learn as much as you can about online Forex trading before investing any money and doing any trading. It is a fact that informed investors do better than those who don't know much about what they are trading. So get the fact before you dive in. You might just make a little money in a very interesting currency exchange.

Easy-Forex Launched In United States

Easy-Forex just launched its new online foreign exchange platform in the United States which will allow traders an ‘easy and transparent’ option to make informed decisions in all of their trading options. This platform already has a strong presence in the international Forex marketplace and traders are excited by the fact that this package is now open to American users.

As more and more people are beginning to understand and realize how global Forex trading works, it is actually becoming a more common consumer and retail-based product. Right now there are more than three trillion American dollars trading on the Forex market every day. This fact has validated the high liquidity and opportunity Forex trading is giving traders and with the new Easy-Forex platform in place, traders will be able to work 24 hours a day 5-1/2 days each week.

“Our Easy-Forex online trading platform opens up the playing field to Forex trading by removing the unnecessary complexity and mystery that is so often associated with online foreign exchange trading,” claims Global Brand Director for the Easy-Forex group, Peter Economies. “We are pleased to be entering the U.S. market, and offer our revolutionary approach to online Forex trading as a solution for any trader who has experienced frustration with their existing investment opportunities.”

Easy-Forex works on a proprietary innovative technology that utilizes simple and user-friendly programming. It was built with high-end algorithms that are designed to meet the needs of its users and offers elements that are not found in other popular online trading platforms currently on the market. Some of its distinctive features include: a quick display of current market information; real-time trades of other users on the platform; profit/loss scenarios with measurement and adjustment capabilities; and the ability to freeze rates for moments at a time for more in depth study before committing to a trade.

With the program, Easy-Forex is also launching it’s ‘trade naked’ advertising campaign which will help bring this tongue-in-cheek concept to life. The slogan was designed to express how easy the platform is to use and how its transparency will allow the users to view the market with no problems or road-blocks. The advertising campaign will be run on television, radio, online, and in print, and it has a humorous edge to it while still demonstrating how the platform works. It is also designed to show people how the platform is free of complicated tools and interfaces.

Easy-Forex is located in Chicago, Illinois, and the online trading platform is now available for all traders in the United States who sign up for the service. Traders who enroll and use the program will get an easy trading interface to use that requires no program downloads, low initial deposit fees and a personal account manager.

Forex Trading History

In 1967, a Chicago bank refused a college professor by the name of Milton Friedman a loan in pound sterling because he had intended to use the funds to short the British currency. Friedman, who had perceived sterling to be priced too high against the dollar, wanted to sell the currency, then later buy it back to repay the bank after the currency declined, thus pocketing a quick profit. The bank’s refusal to grant the loan was due to the Bretton Woods Agreement, established twenty years earlier, which fixed national currencies against the dollar, and set the dollar at a rate of $35 per ounce of gold which is forex trading .

The Bretton Woods Agreement, set up in 1944, aimed at installing international monetary stability by preventing money from fleeing across nations, and restricting speculation in the world currencies. Prior to the Agreement, the gold exchange standard--prevailing between 1876 and World War I--dominated the international economic system. Under the gold exchange, currencies gained a new phase of stability as they were backed by the price of gold. It abolished the age-old practice used by kings and rulers of arbitrarily debasing money and triggering inflation.


But the gold exchange standard didn’t lack faults. As an economy strengthened, it would import heavily from abroad until it ran down its gold reserves required to back its money; consequently, the money supply would shrink, interest rates rose and economic activity slowed to the extent of recession. Ultimately, prices of goods had hit bottom, appearing attractive to other nations, who would rush into buying sprees that injected the economy with gold until it increased its money supply, and drive down interest rates and recreate wealth into the economy. Such boom-bust patterns prevailed throughout the gold standard until the outbreak of World War I interrupted trade flows and the free movement of gold.


After the Wars, the Bretton Woods Agreement was founded, where participating countries agreed to try and maintain the value of their currency with a narrow margin against the dollar and a corresponding rate of gold as needed. Countries were prohibited from devaluing their currencies to their trade advantage and were only allowed to do so for devaluations of less than 10%. Into the 1950s, the ever-expanding volume of international trade led to massive movements of capital generated by post-war construction. That destabilized foreign exchange rates as setup in Bretton Woods.


The Agreement was finally abandoned in 1971, and the US dollar would no longer be convertible into gold. By 1973, currencies of major industrialized nations floated more freely, as they were controlled mainly by the forces of supply and demand. Prices were floated daily, with volumes, speed and price volatility all increasing throughout the 1970s, giving rise to new financial instruments, market deregulation and trade liberalization.
In the 1980s, cross-border capital movements accelerated with the advent of computers and technology, extending market continuum through Asian, European and American time zones. Transactions in foreign exchange rocketed from about $70 billion a day in the 1980s, to more than $1.5 trillion a day two decades later.
Hope you have got all the information and details of forex trading history.

Forex Trading Advice

Foreign Exchange (FOREX) is the arena where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.

Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.

MG Financial, now operating in over 100 countries, serves all manner of clients, comprising speculators and strategic traders. Whether it’s day-traders looking for short-term gains, or fund managers wanting to hedge their non-US assets, MG's DealStation™ allows them to participate in FOREX trading by providing a combination of live quotes, Real-Time charts, and news and analysis that attracts traders with an orientation towards fundamental and/or technical analysis.

Foreign Exchange Basics The 6 Main Influences

To be successful in the forex market is is necessary to understand foreign exchange basics. Technical analysis with charts and trends is one thing but it's equally important to understand the fundamental reasons why the various currencies around the world are constantly moving relative to each other. Being able to understand what influences a currency movement and correctly predict a movement in one direction or another is what makes a successful forex trader. Let's look at the 6 main influences

1. Current Affairs and the News.

Be aware of what is happening around the world especially within the major world economies. Monitor national and international news channels for such events as political unrest, social disorder and in particular financial news.

2. Unpredictable Events

A major natural disaster or significant terrorist activity can influence a sudden currency movement. You should always protect your trades from unpredictable events by using stop losses to minimize the affect of a sudden adverse currency movement.

3. Predictable Events

A political event such as a general election is predictable. A major international sporting event such the Olympic Games is predictable. The important thing here is to be able to understand which currencies are likely to be affected and in which direction they will move. It's not just the events themselves which may influence a currency movement but also the announcement of such an event. So be aware of the timing of such announcements.

4. Financial Reports

Be familiar with the timing of financial reporting from countries of influence. Announcements concerning GDP, interest rates, inflation etc., will often influence currency movements. Monitor the financial results for the major international companies, particularly the banks and other major international financial institutions.

5. Rumors

It's difficult to avoid rumors but you should be very careful if making a trade based on a rumor because very often a rumor is simply no more than just a rumor and often a rumor is spread to fool traders into thinking the market will move one way when in fact the opposite happens.

6. Currency Pairs

You should pay particular attention to applying foreign exchange basics in the two countries concerned with your currency pairs. It is fact that the US dollar has the strongest influence on other currencies particularly if one of the pair is a minor currency.

The problem for the beginner in forex trading is how to apply all this fundamental analysis to successful trading. The best advice I can give is to gain experience with fundamental analysis and how each type of influence effects currency movement before you use it to make real trades. After a while you will develop a feel which will give you more confidence as you become familiar with the foreign exchange basics.

Read more about foreign exchange basics in my new eBook - Quick And Easy Forex Trading is aimed at understanding the fundamentals of forex trading...it's on a special launch offer now Forex Trading eBook

Forex Trading Software Do You Need that

Forex trading software programs include the automated systems or robots that help you to trade online from the comfort of your own home. They are very popular but are they necessary? What do they really do?
Many people are unwilling to trust their trading decisions to a computer program, especially at first. It is true that it is wise to be cautious in the beginning, because there is always the chance that you will misunderstand something. But you can almost always use the software in demo mode until you are familiar with all of its settings and features.
The main point to remember is that you are controlling the software, not the other way around. You tell it what to do by setting it up in a way that follows your preferred system.
An automated forex trading system can do many things that you cannot. For example, it can trade 24 hours a day. As the currency markets are international and operate in almost every time zone, they are never closed for business from Monday morning in Australia to Friday afternoon in New York. FX trading software can exploit these very long hours and watch the markets all day and all night, never missing a possible trade.
If you join a retail forex trading company online, you will almost certainly be offered software so that you can operate your account from your own computer. This takes the pressure off the company's website. You can use this type of software to check the currency values and operate your account. This is different than a robot, because you are making the trading decisions and simply using the software to put them into effect.
Automated forex robots, by contrast, are not linked in to one particular broker or company. They run on a trading platform and offer historical market analysis and trend data as well as real time currency values. This data can be extremely valuable for identifying patterns. You can look back to see how currency values fluctuated around the time of certain major events such as an epidemic or an election. Even something like an international sports event can affect national confidence and so cause a change in currency values.
As you become more skilled in interpreting the market trends, you will use all of this data to help improve the success of your trades. Of course there is no guarantee that the currency markets will always behave as they did in the past but any expert will tell you that you cannot ignore the historical data. To put it simply, getting information like this from your forex trading software can help you to make more money from your forex trading.

Forex Trade For Profit how to do that

To be successful and trade forex for profit is like any other profitable business. You must have a trading plan. You need a goal and a strategy for achieving that goal. This is particularly important in the forex investment market which is fast moving with many twists and turns which, for the unprepared can lead to financial disaster. The advertising you see, particularly on the internet, gives the impression of rich pickings and dreams being fulfilled overnight. OK, some people can be lucky but the same applies to gambling. If you liken forex trading to gambling then you will lose money. So how do we establish our goal and develop a strategy to achieve it?

First you need to establish the correct mindset. You must be devoid of emotions such as euphoria, greed, fear and above all panic. By creating a trading plan in advance and being determined to stick to it you are less likely to be tempted to make emotional decisions.

Be realistic with your goal. Don't set out to make a fortune overnight or even over a few days, weeks or months. The higher the goal, the bigger the risks you will take to try and achieve it. Like any business, plan for a slow level of increasing profits over time.

Establish your boundaries. The most basic being how much money will you set aside for trading. Do not expect to win on every trade. To be successful and trade forex for profit it is simply a matter of winning more often than losing. Do not trade with money you cannot afford to lose. Your position size for each trade must be calculated within this boundary.

Your strategy or trading plan needs to be based around a tried and tested system and your position size will relate to your system. Some systems go for a high number of winning trades but the losses when they inevitably occur are big. At the other end of the extreme, some systems allow for a high number of losing trades where the losses are small but can expect several losses in a row. Most traders will settle for something between those extremes.

Finally, choose your indicators. This is the information and advice you will use with your system. Always use at least 2 or 3 different indicators and only trade when they all point in the same direction.

Ok, so how do we develop our strategy? My advice is to paper trade using a demo account for as long as it is necessary to establish a system, trading style or preference which will achieve your goal. Once you are trading profitably with your demo account, you will move into real money trading with a lot more confidence and a lot less likely to be influenced by emotion.

Be prepared to modify or fine tune your strategy over time to increase your level of profitability as you gain more experience and acquire more knowledge but NEVER EVER change anything during an open trade. You must open and close a trade on the same strategy.

I sometimes liken forex trading to playing poker. Poker is one of the few 'gambling' games which can be profitable if the player has a rigid game plan. A successful player will expect to lose sometimes and knows what his potential gains and potential losses are at every stage of the game and will bet accordingly. A good poker player with be calm and play without emotion and the same goes for a good forex trader.

This is a very brief overview of the need to develop a trading plan in order to trade forex for profit and hopefully will make you feel more comfortable about proceeding further.

Forex trading Free Expert Advisers

Free expert advisers for forex trading can be found online if you know where to look. However, before you go ahead and grab one, take a moment to think about what you should be looking for.

Expert advisers or EAs are automated forex trading systems or robots that work on the Metatrader 4 software platform. MT4 itself is free, and as with most software, there are some people who have developed free applications that you can download. They may hope for donations, they may hope for some kind of paid work to come from becoming known for this, or they may just do it for fun. But the question that you must always ask is: what is the system that they have automated?

If you think about it, it is pretty clear that anyone with a profitable forex trading system is not very likely to spend hours of his time creating robot software to run it automatically and then give it away as a free expert advisor. Nor is he going to pay a programmer to create the software and then give it away for free. No, either he will keep his robot for himself or he will hope to make a lot of money by selling it.

This means that the free expert advisors that are available on the internet are not necessarily the best automated forex systems. You might be lucky and find one that is great, but you could spend a lot of time trying out free expert advisors that never make money or do not even work.

Then you have a problem because support is likely to be minimal. How could somebody spend hours of their time helping you to fix any problems that you have, if they are never being paid anything for it? Most people have to earn a living. Maybe they had a few spare hours or days to create the robot in the first place, but that does not mean they have spare time to devote to you and your problems when you try to use it, which could be months or years after they developed it.

Besides this, there may not be much in the way of instructions for setting up. This may not sound like a problem until you try it. Forex robots are notoriously difficult for the non technically minded among us, and if you do not even have much of a manual and nobody to answer your emails, the outlook is bleak.

In fact, free forex robots could end up costing you a lot of time and perhaps also a lot of money, if you are unwise enough to let them loose on your real money account before you have fully tested them. Free expert advisers are not necessarily an unmixed blessing.

Forex trading Best Expert Advisers and Reviews

The best expert advisers can help you to make a lot of money with forex trading, while a bad EA can simply be a drain on your cash. So how do you tell them apart? Most people do this by looking at reviews.

However, online reviews can be a mixed blessing when it comes to something as important as an expert advisor. In case you do not know, an EA is a forex robot or automated currency trading system that runs on the popular platform known as Metatrader 4. Basically, you hook up the robot to your broker's software platform, set it to trade for you at the position size etc that you want, and go enjoy your day.

The problem of course comes if things go against you and it starts to lose your money instead of making it. This is always a danger with forex systems and even more when they are trading on autopilot so you may not be aware of what is happening. For that reason it is very important to run the EA on a demo account first until you have absolutely everything clear.

Reviews can certainly help you to narrow down your search when you are looking for a forex robot that will save you tons of time analyzing the market and placing your trades. However, there are two possible problems with reviews. One is that some reviews that you will find online are simply copied from the sales page for the EA itself and the person might not have used the robot at all. In this case you will usually see a very positive review with no indication of the possible downside. On the other hand a review from somebody who has actually used the software themselves can be very valuable because it will often give you hints and tips about how to get the most from it.

The other thing that you may come across is a strongly negative review from somebody who could not make the EA work for them. There may be all kinds of reasons for this which are not the fault of the EA itself. Often, either the person could not figure out how to set it up and became frustrated with it, or they set their risk too high. A common recommendation for risk is 2% per trade. The laws of statistics mean that setting your risk too high will always lead to a busted bank sooner or later, but people who do not realize this will often blame the system that they were using. This can lead to some very vitriolic comments and forum posts and of course it is never recognized that it is the fault of the trader. It must be the system's fault!

What you should be looking for when you search through reviews for the best expert advisors is a general consensus, a balance of views. Rather than simply going by a star system or whether the person liked the EA, check for specific points such as these:

- Is it easy to set up, and how much does that matter to you?

- Is it suitable for somebody at your level? Is it aimed at beginners or experienced traders? Do you need to be taking a certain position size or using a particular broker to use this system?

- Does it suit your trading style in terms of the amount of risk (stop loss settings) and number of trades?

You may need to read between the lines a little bit to work out some of these points. For example, most EAs will claim to work for people at all levels, but a system that only makes a couple of trades a week is not going to make you much money on a micro trading account unless you take huge risks, so that's why the number of trades can be important. However, many people who buy a new forex robot are also trading using other methods and then it does not matter so much if a robot only trades a couple of times a week.

So do check out reviews when you are looking for the best expert advisors, but follow your own agenda when it comes to how seriously you take them.

Forex Trading tips

All financial transactions on the market are conducted through a system of institutions, central banks, commercial banks, dealers, brokers. Each Forex participant has a certain trade volume on the currency market i.e. central banks have the largest turnover, their trading volume exceeds hundreds of millions of US dollars a day. Commercial banks and dealers have a much smaller daily turnover. For brokers it is estimated at 25-50 million US dollars, which is only 2% of the total Forex trading volume.


Central banks of the countries of the world

Central banks manage the flow of money and credit using certain instruments, as defined by law. Central banks key functions are money emission, monetary and foreign exchange policy, etc. For instance, the central banks' exchange market intervention may reduce or increase the rate of the national currency.


Commercial banks

Commercial banks are financial institutions, which have the right to take deposits from individuals and entities, to place money in their interests with an obligation to pay the owner back, and to open and maintain bank accounts. In every country there are several large commercial banks that can influence exchange rates. In 2006, Deutsche Bank turnover was 19.26% of the Forex turnover.


Brokers

A broker is a legalentity or an individual who works as a mediator and facilitates foreign currency transactions, linking the seller of goods, securities or currencies with the buyer. A broker works on behalf of a customer and at his expense and can provide additional customer services. A broker receives a commission for executing customer orders.


Dealers

Dealers are companies or individuals operating in the market at their own expense and on their own behalf, which are engaged in the sale of currency and other assets.